Thursday 29 th April 21 PM GMT+7
Joel Natanael : Hello everyone welcome back again to AMA series FCM. Today we will have an AMA with Mr Patrick as Launchzone Business Developer 🥳
Hi Mr Patrick from Launchzone, thank you for having AMA in here. Will you say hi to our community 😀?
Patrick BM _LaunchZone: Hello everyone. Greeting from LaunchZone team. It’s my pleasure to be here today to do the AMA with your team
I’m Patrick – BD of LaunchZone ecosystem. And I’m gonna be the speaker today
Joel Natanael : Without further ado, are you ready to start AMA today
Patrick BM _LaunchZone: Yes. I’m ready xD
Joel Natanael : Awesome 🥳🥳🥳
But before that I’ll explain a little bit about how the AMA will works today
So there are 2 segment in this AMA
Segment 1: Project Introduction
Segment 2: Free Asking
SESSION INTRODUCTION PROJECT
Q1. Can you explain a little about the Launchzone project to our community?
Patrick BM _LaunchZone: Sure. LaunchZone is a decentralized non-custodial cryptocurrency exchange-centered ecosystem that runs on Binance Smart Chain (BSC).
LaunchZone’s 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.
Q2. How do LaunchZone swapX, LaunchZone PoolX, LaunchZone PadX work mechanisms?
Can you explain to us more details about this?
Patrick BM _LaunchZone: So first…We will go straigt to the SwapX :
a Dapp that allows users to Swap Crypto tokens with the easiest steps and highest monetary security
2. PoolX: Liquidity Farming Pools with great APY for users to generate their passive income
We believe that the existence of these 2 products offers all members of BSCex, familiar or unfamiliar to crypto assets, a good first impression on earning from Blockchain as they were designed to be very user friendly.
And the last one – PadX: a Dapp for members to buy IDO
Joel Natanael : Thats great 😍
So PadX only devoted to IDO only?
Patrick BM _LaunchZone: Yes it is. the on-chain version of Binance exchange’s Launchpad. 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 LaunchPadX have the right to participate in the IDO
To win the ticket, participants have to lock their $BSCX in LaunchPadX’s smart contract for a specific period of time
Q3. Can you explain more about your IDO? Are there any special requirements to join IDO on LaunchZone?
Patrick BM _LaunchZone : BSCX is the native token of LaunchZone and is the key player for all three of our current products – SwapX, LaunchPoolX, and PadX. BSCX is used for governance within the LaunchZone ecosystem (voting). BSCX can also be used to earn IDO slots on PadX
Through locking $BSCX for 6 months. User who locked $BSCX on PadX will also receive $ZDCash airdrops. Users can also buy IDO with $BSCX
Since BSCX increased 540 times since IDO, the IDOs on LaunchpadX are potential and gaining great public attention
There’s currently $3,500,000 in BSCX locked in LaunchPadX smart contract ahead of bsc.tools IDO on LaunchZone Platform (March 2021)
All projects who want to partner up with LaunchZone to launch their IDO on PadX must complete a form with different questions that can help the LaunchZone team understand more about the concepts, visions and missions of their projects
Product is an important criteria in assessing to-be-listed projects as it reflects the utilities of them
Then, these applications will go through a very strict review process, and our team will look into the credibility, applicability and potential of each project. LaunchZone team will eliminate all projects that seem not trustworthy.
Q4. Some projects are only concerned with their own profits, how can the Launchzone project share profits for investors and developers?
Patrick BM _LaunchZone : LaunchZone is an ecosystem connecting investors and project incubators. As you can see, we have poolx, padx, swapx and many more products in the future
Padx is for listing prominent projects for IDO on our ecosystem, the new projects get benefits from the ecosystem of $BSCX and provide investors opportunities to buy coin at IDO price
All of listed projects are carefully checked by our team via our strict standards
Poolx and Swapx are for providing liquidity for IDO projects’ tokens and as mentioned, provide the trading services on BSC with low slippage
Even free traders can get benefits from us by joining pools with ref links
Q5. What type of security does the Launchzone project use to secure investor data?
Patrick BM _LaunchZone: Our code has been audited by Halborn, DeFiYield, Verichains and CertiK. You can see details and result of the audits on https://launchzone.org/docs/launchpoolx-audit-report/
And via parnership with Soteria, we also have the service of crypto insurance that …
Joel Natanael : Can i ask one more question please?😆
Patrick BM _LaunchZone: Please ^_^
Joel Natanael : I was curios why some of your teams have the words “Rebranded Launchzone” in their names. Can you please explain the background behind this?
Patrick BM _LaunchZone: Yes of course I see
Before the name LaunchZone. Our brand is BSCex.
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 scouts out promising crypto companies and guides them through the phases of development until they are robust enough to launch successfully.
The Bscex Ecosystem will be rebranding 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.
SESSION FREE ASKING
Q1.Minsk Beta : Can you tell us more about LaunchZone’s team members? Did you guys work in the blockchain field before joining LaunchZone? Can you introduce yourself and your occupation in LaunchZone as well?
Patrick BM _LaunchZone: Our core members are business experts and technical specialists of different races and nationalities. Some of our team members worked in Kyber, Elastos and other defi projects.
The forming of LaunchZone core team consists of different stories.To me personally, I was lucky to meet our CEO Tony 3 years ago after burning my first trading account. For a newbie in the crypto world, the use of exchanges alone was once too complicated for me so I lost my account even before I realised.
This is when Clark (our CTO) and Tony told me their vision for the early LaunchZone ecosystem and invited me to work under their wings.
Now I work as the Business Developer for LaunchZone and that is why we are here today 😁😁😁
Q2.Jelly Fish: What are the benefits of locking $BSCX on PadX?
Patrick BM _LaunchZone : Our users are very important to us, as we want our users to benefit as LaunchZone grows as a project. Thus, LaunchPad was designed to maximize the benefits of BSCX holders.
By locking your BSCX, you will have the chance to win a lucky star (100 BSCX = 1 ticket). This is applicable to all IDOs that take place in the period of 6 months after you lock your BSCX. Furthermore, you will be able to earn airdrops if you don’t win the lucky star ⭐️⭐️⭐️
Q3.Sue Yuan: What were the biggest challenges building LaunchZone protocol?
Patrick BM _LaunchZone: On the DeFi market, some of the challenges that LaunchZone and many other projects are facing is plagerism. As, technology is quick to change, anything innovative and new can be copied easily. Thats why we are verified by 4 security partner: Halborn, DeFiYield, Verichains and CertiK. You can see details and result of the audits on https://launchzone.org/docs/launchpoolx-audit-report/
Some scam projects will make themselves appear as the official LaunchZone project, for example, intentionally making there name and logo or URL similar to that of LauchZone. Consequentially, when user access these sites, they risk getting scammed. We HIGHLY recommend joining out telegram group – https://t.me/bscextalk to verify if the site is legit or not 👌👌👌 😁
Q4.Duy Ng:There are some projects that are similar to LaunchZone. What sets LaunchZone apart from other projects?
Patrick BM _LaunchZone: 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 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’s 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. 🤟🤟🤟
Q5. Be: Do I have to be an expert in order to use LaunchZone’s products? What can LaunchZone do to help new users that has little prior experinece with blockchain and crypto?
Patrick BM _LaunchZone: One of LaunchZone’s main goal is being able to serve everyone, from new investors to experienced traders. Hence, we developed a range of products, each has a different use and serves different needs. Our telegroup group @bscextalk is a place where investors and learn more about the project, get new updates and share their experience in the crypto market. We also have a detailed list of step-to-step guide on how to swap, trade, yield farm, etc. on SwapX, PoolX and PadX on our website launchzone.org, which can be very helpful for new investors.
Q6. Kwon Ji-Yong: What is the role of $BSCX token in the LaunchZone ecosystem?
Patrick BM _LaunchZone: $BSCX is the native token of LaunchZone and is the key player for all three of our current products – SwapX, LaunchPoolX, and PadX, all of which provide liquidity for $BSCX.
$BSCX is used for governance within the LaunchZone ecosystem, for example, $BSCX can vote on important decision in regrads of LaunchZone like token burning.
Aditionally, users can lock $BSCX on PadX for the duration of 6 months, which can give you the chance to buy IDOs of some of the hottest upcoming projects on BSC. User who locked $BSCX on PadX will also receive $ZDCash airdrops. Users can also buy IDO with BSCX.
Q7. Forgod Sake: How is SwapX, PoolX and PadX related to each other in the LaunchZone ecosystem?
Patrick BM _LaunchZone: SwapX is a Dapp that allows users to Swap Crypto tokens with the easiest steps and highest monetary security.
PoolX contain liquidity Farming Pools with great APY for users to generate their passive income
PadX is a Dapp for members to buy IDO
SwapX, PoolX and PadX are parts of the LaunchZone ecosystem, each has a different function.
But the connection that they share is to increase the liquidity and volume of all tokens that are listed. We not only aim for the growth of LaunchZone and BSCX, but also the growth of other the great projects in the BSC ecosystem, and we believe that by working together, we can help make BSC even bigger and stronger 💪💪💪
Q8. Tú Tiny: Demand – which is important for investors. How will demand of Your token increase in the future? What should you do to increase token demand?
Patrick BM _LaunchZone: Anytime you send $BSCX, 5% will be burned. (Not yet activated, we will let the community make the final decision)
20% of the total $BSCX raised in future IDOs will be burned. (Community will make the final decision)
PoolX: 80% farmed tokens will be distributed to participants (25% of them will be distributed to participants instantaneously, 75% of them will be locked for 1 year and will be distributed continuously block by block after that 1 year)20% farmed tokens will be distributed to our platform development fund (25% of them will be distributed to the fund instantaneously, 75% of them will be locked for 1 year and will be distributed continuously block by block after that 1 year)
PadX: BSCX locked in 6 months
The BSCX token is a reward for using the LaunchZone Ecosystem and a governance token of our decentralized system on Binance Smart Chain. This sophisticated token architecture will create a virtuous circle in which users benefit from use. The system will be marking the most efficient and benevolent structure to ever hit the market ✌️
Q9. Khoa 🧉: Can you share with us some of the future plans, such as the marketing development plan and recent activity plan for the Launchzone?
Patrick BM _LaunchZone: In the near future, we are launching our next products, DexX. DexX is a decentralized crypto exchange which has full functions of a centralized exchange.
This plan is set as we wanted to, and our vision for LaunchZone is being able to serve everyone, fully decentralized and users get to control their own assets.
Every product from the LaunchZone ecosystem are designed with this vision in mind, from the simple interface products like SwapX for new investors and holders to trade their assets at ease; to the fully functional exchange DexX for professional traders to have more options in their trading; as well as products like LaunchpoolX and LaunchpadX for everyone to generate their passive income and find good opportunities to multiply their asset.
Q10. Kew Lemu: How do you plan to spread your understanding of the project in different countries where spoken English is not good like me?
Patrick BM _LaunchZone: LaunchZone is a global project. Our system spans all over the world and has many different communities. So the language issue is not our concern. As you can see, we have Espanol,Arabic,Chinese,Vietnam,Japan, Sri Lanka…etc
And that number will surely increase further over time and as LaunchZone develops
Website : http://launchzone.org/
Telegram Group : https://t.me/bscextalk
Telegram Channel : https://t.me/bscexann
Twittter : https://twitter.com/launchzoneann