Recap of the LaunchZone AMA with Blockchain Space
On Monday, March 15th, we had the pleasure to welcome to our Telegram chat:
C.L, The representative BD of LaunchZone.
We asked him questions about the development of LaunchZone.
Q~ Introduce yourself and LaunchZone project to the community?
A~ I am C.L, the representative BD of LaunchZone.
In December 2020, we launched Bscex Ecosystem, a decentralized non-custodial cryptocurrency exchange-centered ecosystem that runs on Binance Smart Chain (BSC). We have released many products such as SwapX, LaunchPoolX, and recently LaunchPadX on our Ecosystem.
Our mission is to make Binance’s off-chain services available on the blockchain, develop the applications on BSC, and promote the features of decentralized finance that let our users earn tokens and gain many other economic benefits.
Our business has experienced explosive growth in demand for our crypto services (LaunchPoolX, SwapX, and LaunchPadX) in the past 3 months. Many startups and partners have partnered and launched on our platform.
The brand Bscex is great but does not include all aspects of our services. We are not only a crypto exchange, but also an incubator that scout out promising crypto companies and guides them through the phases of development until they are robust enough to launch successfully.
This was why Bscex is upgraded to LaunchZone. This is our immediate decision and a significant step towards expanding our business and supporting our products and communities.
We believe that this rebrand will give our community and our partners an amazing opportunity to build a better crypto exchange plus crypto startup incubator that the crypto market deserves.
After this announcement of the rebranding:
• our logo, our business name, our social media profiles will be changed respectively.
• the name of our products will be changed: LaunchPoolX to PoolX, LaunchPadX to PadX.
• our token ($BSCX) and other tokens on our platform will remain unchanged
• our partnership and other business agreements will remain unchanged.
• our airdrops and other programs will remain unchanged.
In this meantime, our users no need to do anything: no need to remove liquidity or move your fund. All of your funds are SAFE, and we will do the best to support our beloved users.
Our community is important to us and we wanted to reward BSCX token holders and our users who have been supportive for a long time by bringing them additional utility outside of what exists within our old Ecosystem.
Many airdrops and benefits from our partners will be distributed to our community in particular and Binance Smart Chain community in general. We’ll be working with all services which support the Bscex to support the rebrand, stay tuned for more!
For the details, please refer to this link
Q~ SwapX is said to be the main. product of the LaunchZone system, how does it differ from Binance’s LiquidSwap?
A~ SwapX is the key product of the LaunchZone ecosystem. It is similar to Binance’s Liquid Swap but much more advanced.
Binance’s LiquidSwap is a centralized service that supports swapping between stablecoins and fiats while SwapX supports more stablecoin and cryptocurrency pairs.
For example, SwapX users can easily swap between BUSD and USDT. SwapX will help users finding the best rate and liquidity to facilitate the transaction. On 19 December 2020, the TVL of SwapX is over 100 million dollars.
The problem of most DeFi projects launched on BSC is liquidity that causes price slippage.
The price slippage is closely tied with market depth and measures the difference between the expected price of a trade and the price level arrived at after execution.
High price slippage typically indicates a market is less liquid.
SwapX solved the problem of lacking liquidity using our unique technology that is called Cross Liquidity Layer 2 (a.k.a AMM+) to facilitate transactions with minimal slippage.
The LaunchZone Aggregating Engine will find the AMMs with the best liquidity among BSC’s AMMs to divide, match, and execute user orders.
Most AMMs suffer from low liquidity and the big price impact (slippage) for the vast majority of transactions.
Users cannot execute the order with high volume without causing a big slippage.
The LaunchZone Aggregating Engine will divide the order into many parts and execute each part in different AMMs to lower the risk of price slippage.
Q~ Wrapping Digital Assets and. Cross-Chain Wrapping are your next working products, can you explain the potentials and features of these upcoming products?
A~ The next product we are actually working on is DexX: the LaunchZone ecosystem’s decentralized crypto exchange that is built on Binance Smart Chain.
Since we are currently in the testing phase of this product, I am not allowed to disclose too much information.
What I can say is that DexX shall be a decentralized exchange with all functions of a Cex but with great upgrades and new feature to support trades.
DexX is expected to release in May or June. So stay tuned to our announements.
QUESTIONS FROM BITCOINTALK
Q~ A few days ago, you announced that Bscex has rebranded to LaunchZone, can you tell us the reason for this transition, will this change the course of your services, also has any changes been made to you your roadmap and tokenomics?
A~ As mentioned earlier, the brand Bscex is great but does not include all aspects of our services. That’s why we upgraded our brand to LaunchZone as We are not only a crypto exchange, but also an incubator that scout out promising crypto projects.
Apart from the brand name and product names, our BSCX token and services remain the same as before.
Q~ BSCEX offers an innovative solution for the exchange of cryptocurrencies, significantly reducing the total slippage of the price, this is possible because it splits the order into two small orders between the most liquid AMMs available, my questions are, how does BSCEX solve the problem of interperobility between chains Dapp (AMM)? How does BSCEX assure me that if I make a change I will receive my entire order and not a fraction of it?
A~ First thing is that the order shall be split into small parts, not 2 parts to be exact. Tthe AMM+ engine shall make calculations in accordance with the trade.
Technically speaking, our smart contract and products have been verified through many rounds both internally by our dev team and externally by Verychain, Certik and Halborn. This just excluded the mentioned risk.
QUESTIONS FROM TWITTER
Q~ You have held multiple airdrop programs for the Bsc Community, do you have any airdrop programs running presently, how can users be eligible for this airdrop programs?
A~ At this point, we are running Zdcash airdrop. This airdrop is rewarded to the investors who locked their BSCX token before 06 March
SInce the airdrop is distributed, users shall have to wait till the next announcement.
Q~ I’m a new user in pools and farming, on your website it caught my attention that one of your farms offers me 4,334.95% APY this is an exorbitant profit, how is it sustainable ? And I understand that no smart contract or Dapp is risk free, but how does LaunchZone assure me that I will have a good experience if I decide to invest ?
A~ This APY is actually generated quite a while ago when the number of liquidity provider were much less.
In yield farming, the new token is rewarded to the whole liquidity pool and Liquidity providers take profit from their share of pool. Which means the more people farm, the less the APY. At this moment, the pool with highest APY on our PoolX is ZD-BNB pool with 1,917.3% APY.
Since LaunchZone Ecosystem is a fair launch project, sustainability and stability are highly prioritized. Therefore, we created the 80% lock of farmed token for 1 year to guarantee the safety of liquidity pools.
By having most of new token locked in the pools, the price and liquidity of BSCX and other farmed token is protected from the risk of having too many people cashing out simultaneously, which might result in a big dump to the token and later affect the whole ecosystem.
With a farming pool enabled to ensure the liquidity of tokens as well as its own safety in a determined period of time, investors can farm without the fear of an unexpected dump might affect their. profit. This is the feature making BSCX pools potential and attractive to new investors.
Q~ You have released many products such as SwapX, LaunchPoolX, and recently LaunchPadX on your Ecosystem, can you tell us the function of each product in your Ecosystem, also what are the conditions to participate in the LaunchZone IDO’S?
- SwapX is the key product of the LaunchZone ecosystem, this is the tool for fast and simple trades with good swap rate. Users can also used SwapX to provide liquidity to pools in exchange for LP (liquidity provider) token.
- PoolX is the on-chain version of Binance exchange’s PoolX. PoolX lets you use your tokens and the liquidity provider (LP) token of the BSCX-BUSD pair to farm (earn) a new token, for free. This is the tool to generate passive income for investors.
- PadX is the on-chain version of Binance exchange’s PadX. It is the platform for crypto startups to raise their fund through the process called IDO (Initial Dex Offering). The difference here is that only those who win the LuckyStar ticket of the PadX have the right to participate in the IDO. To win the ticket, participants have to lock their $BSCX in PadX’s smart contract for a specific period of time.
- We also have DexX, the fully functional Decentralized exchange that is soon to be released. This is the product for professional traders.
Each of our products have different functions but all work and support each other with great sync to provide the best user experience in trading crypto assets.
Regarding the IDO, users shall have to lock BSCX to win slot and spend BSCX to buy IDO. On the other hands, any project owners can fill our application to submit their project to our PadX.
Upon receiving the application for IDO, our evaluation team shall work to see if there’s a project meeting our criterias before officially launching a new IDO.
Xiaolin : Is the amount of BSCX to be locked fixed or it changes?
C.L : It is fixed, base on the actual operation, we might have adjustments in the future.
QUESTIONS FROM TELEGRAM
Q~ Which one of these aspects important for you?
1- Increasing Token Price&Value
2- Empowering Platform Development
3- Building Community Trust
4- Expanding Partnership Globally
In what order?
A~ The order is;
2- Empowering Platform Development
3- Building Community Trust
4- Expanding Partnership Globally
1- Increasing Token Price&Value
As we believe that this flow shall create a sustainable growth for the LaunchZone ecosystem. The sustainability is what we always want to achieve.
Q~ Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Does you have any special plans to attract and expand the community and improve the user experience?
A~ I totally agree with you, especially when LaunchZone’s core value has always been working for the community to grow with the community. We are currently having various Local LaunchZone communities in many countries and our community group support members 24/7 on all time zones.
We also have great referral programs to better improve the connection between LaunchZone and members, including the Spring Referral trading program
Referral Trading Challenges - LaunchZone.org
LanchZone Spring Festival Referral Trading Challenges Share on facebook Facebook Share on twitter Twitter Share on…
and farming referral program
They all guarantee great reward and currently attracting a lot of users to our ecosystem.
Q~ From a startup project to a mainstream project, being a pioneer in the industry, does the team anticipate that how many new startups will show up and compete?
A~ What we know for sure is that this number is constantly increasing as DeFi is becoming the definition of the mordern economy. This great amount of projects is no doubt creating much competition among defi startups. What we can do and shall focus on is to provide fair support and evaluation to the best and most potential projects to deploy IDO and reach new heights.
Q~ Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some advice why they should buy and hold $BSCX in the long term?
A~ It is simple. We work for the long-term achievements. What we wanted to create with LaunchZone is a sustainable decentralized economic ecosystem that everyone can benefit from.
Commercially speaking, our operational model is more benefiting in the long-term than in the short-term as our token price is depended on the expansion of the ecosystem.
In other words, we have both the emotional reason and logical reason to work for the long run.
Q~ Investors need to fully consider the market volatility we are in right now. With this in mind, who are which target group of audience are you after?
A~ Since we are building this ecosystem for everyone, our targeted group of audience is any interested in financial investing. No matter if a member is experienced with Defi or not, we always provide support to educate our members in this journey.
Once you are with LaunchZone, we grow big together!
The most important thing of all is to stay tuned to our updates guys, more profitable chances are coming soon.
It’s really nice having the LaunchZone project in here!!!
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