AMA RECAP : CRYPTO SQUAD X x LAUNCHZONE

Venue : @Crypto_SquadX_Community

Date : 14th May 2021

Time : 8 AM UTC

Guest : TOMMY LAUNCHZONE

Ragnar | CryptoSquadX

Welcome to eonderfull AMA session of our AMA series. Today We have @Tommy_Launchzone as Our Guest

Tommy | LaunchZone

Hello everyone!

SEGMENT 1 — INTRODUCTION SEGMENT

Ragnar | CryptoSquadX

Q1. Can you please introduce yourself to our community and please tell us a a quick summary about Launchzone ?

Tommy | LaunchZone

Gladly. My name is Tommy, and I’m a Business Developer from LaunchZone. LaunchZone aka. BSCex (previously) 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.

Ragnar | CryptoSquadX

Q2 What are the advantages of your project and who are the competitors for Launchzone ?

Tommy | 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.We do not consider other projects as competitors, but as partners with the same vision and mission. That vision and mission is to help spread blockchain technology to more people, help the Binance Smart Chain ecosystem expand exponentially, increase the number of users, transactions, volume, TVL, increase number of Dapps and number projects implemented on BSC.

Ragnar | CryptoSquadX

Q3. Could you please elaborate more about your tokenomics?What’s the total supply and what kind of plans do you have regarding the token unlocks in the future?

Tommy | LaunchZone

BSCX Tokenomics:

Total Supply: 9,983,396 $BSCX

Farming: 7,983,396 $BSCX (75% locked for 1 year)

IDO: 2,000,000 BSCX

$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.

In the future, we’ll develope and release new products within the LaunchZone ecosystem that will ultilize $BSCX. This will not only benefits $BSCX early investors and current holders, but also makes sure that $BSCX is circulated, and not another dead coin.

Ragnar | CryptoSquadX

Q4. Could you please provide some progress on your Roadmap and what results Launchzone has achieved so far? And any sneak peek into 2021 plans for Launchzone ?

Tommy | LaunchZone

Since launch, LaunchZone has released 3 products:

1. 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.

3. PadX: a Dapp for members to buy IDO

We have also update the roadmap for 2021, which includes the development of 3 new products: InnoX — the automated project-launching platform on BSC for innovative crypto projects. VaultX — a special yield optimizer on the BSC that focuses on popular BEP-20 cryptocurrencies, the tokens that launched on LaunchZone platforms, and our business partners’ tokens. MartX — a very advanced marketplace for non-fungible token (NFT). You can find the new roadmap on our website!

Ragnar | CryptoSquadX

Q5.How has the experience and background of your team been effective in the success of your project so far?

Tommy | 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. Because our team members alreadu had prior experience in the fields of blockchain and DeFi, we were able to progress much faster, catch on newest trends while still have the time to improve our existing products and develope new products. I belive LaunchZone is where she is today, in terms of success is thanks to our wonderful core members.

SEGMENT 2 — TWITTER QUESTIONS

Ragnar | CryptoSquadX

Q.1 From Twitter ID (@currencycry)

SwapX is said to be the key product of the LaunchZone ecosystem and is similar to Binance’s Liquid Swap but much more advanced.. so how does swapx work, and what are the features that makes it more advanced than Binance’s liquid swap.

Tommy | LaunchZone

SwapX is an AMM Agrregator. It is similar, yet different from Liquid Swap because it is a decentralized, trustless, and non-custodial application on BSC. While Binance’s Liquid Swap is a centralized service that supports swapping between stablecoins and fiats, SwapX supports more stablecoin and cryptocurrency pairs. SwapX users can easily swap among BUSD, USDT, and many other tokens. SwapX automatically finds the best rate and liquidity to facilitate the transactions of users. On 16th January, 2021, the total liquidity that SwapX can take advantage of is over 200 million USD.The problem of high 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. As consequence, users of BSC and Ethereum cannot execute an order with high volume without causing a big slippage.SwapX solves the problem of lacking liquidity and facilitates transactions with minimal slippage by using our unique technology called Cross Liquidity Layer 2. LaunchZone’s Aggregating Engine will find the AMMs with the best liquidity among BSC’s AMMs to divide, match, and execute user’s orders. The Aggregating Engine will divide an order into many parts and execute each part in a different AMM to lower the risk of price slippage.

Ragnar | CryptoSquadX

Q.2 From Twitter ID (@AkashRajeev9)

How do you plan to attract developers?

Adoption is one of the important factors that all projects need to focus on to become more attractive to investors. So, what is the plan to adopt more Adoption

Tommy | LaunchZone

Glad you ask this question. In 2021, we’ll released a new products called InnoX, the automated project-launching platform on BSC for innovative crypto projects. This products will surely brings a lot of developers to our playground. Using InnoX, users can:

1. Create their BEP-20 token (decide the token name, the symbol or logo, the total supply, and many other token options).

2. Launch their IDO using the newly created BEP-20 token.

3. Automatically add liquidity to SwapX and PancakeSwap.

4. Automatically setup liquidity mining pools on LaunchZone PoolX.

5. Use LaunchZone’s tools to be the market maker of their token.

I’m sure that the launch of Innox will be highly anticipated!

Ragnar | CryptoSquadX

Q.3 From Twitter ID (@lidiamga)

Most DeFi projects especially those ones offering yield farming are driven up by hype and scarcity, so when the hype dies the project dies. What’s the key to sustaining Your Project yield farming ?

Tommy | LaunchZone

LaunchZone is able to keep running and grow because we are a complete ecosystem. Our token, $BSCX is not there just for show, but has its own use. If $BSCX is circulated, there is liquidity and liquidity is one of the factors that decide whether a project is still alive or not. Many yield farming projects eventually die down because there is no use for the farmed tokens. Our core members was able to see right through this issue, hence create a whole ecosystem, where each product has some connection to the others, via our native token, $BSCX.

Ragnar | CryptoSquadX

Q.4 From Twitter ID (@ab_dul_basith)

Could you please tell me just a little more about the team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.

Tommy | LaunchZone

Our core developerss are conists of individuals who have worked in the blockchain and DeFi field for many years. Some of our team members worked in Kyber, Elastos and other defi projects. I, myself would even call them experts. Additionally, we core members of the marketing team who are business experts. We are all from different countries all around the world. The forming of LaunchZone core team consists of different stories. To me personally, I was lucky to meet C.L., our head Business Developer. He’s been in the blockchain field as well as the marketing field for years. He helped me gain a lot of skills when I was only a trainee. Now I work as an official Business Developer for LaunchZone and that is why we are here today!

Ragnar | CryptoSquadX

Q.5 From Twitter ID (@currencycry)

One of the Products of Launchzone is PadX which is said to be an on-chain version of Binance exchange’s Launchpad… can you explain how padX works, how can projects apply for an IDO on padX, and how can users participate in IDO’s carried out on PadX

Tommy | LaunchZone

PadX is the platform for crypto startups to raise funds through the process called IDO (Initial Dex Offering). The difference here is that only those who win the LuckyStar ticket of the PadX or whitelisted participants of BSCX Heroes Program have the right to participate in IDO. In order to meet the enormous demands for participating in LaunchZone PadX’s IDOs, we introduce a lottery mechanism. To join the lottery, you need to lock LaunchZone’s BSCX token (ticker: $BSCX) in LaunchZone PadX’s smart contract for a specific period of time.The lottery draws will take place, and the winners of LuckyStar tickets will automatically participate in the IDO in exchange for BSCX (this process is done automatically once you applied for a Lucky Star and won any ticket).

For each 100 BSCX token is locked, the user will get 1 lottery ticket that is called Lucky Star.

1 wallet address can lock up to 1,000 BSCX (equals 10 Lucky Stars).

Lock period: 6 months

During that 6 months, users, who have their BSCX locked for getting Lucky Stars, can:

1. use the locked BSCX to participate in other IDOs on LaunchZone (no need to lock more BSCX)

2. receive 10% of the raised fund from the IDOs on LaunchZone

3. receive other airdrops that are distributed by LaunchZone’s business partners

Besides LuckyStar ticket winners, whitelisted BSCX Heroes can also take part in IDOs on PadX.

SEGMENT 3 — LIVE Q & A

Q1 FROM @anonymously_knowing

I notice that the old name BSCex has been changed to LaunchZone. Could you please explain why there’s such change and how it is affecting the project?

Tommy | LaunchZone

Glad to answer this question. I bet some early investor probably knew us as BSCex. While the brand BSCex is great, it did not 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.

Thus, the Bscex Ecosystem was rebranded to LaunchZone. This was our immediate decision and a significant step towards expanding our business and supporting our products and communities. We believe that the 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.

Q2 FROM @Lightening_47

As far as I can see, NFT and BSC are the next trend of new projects. As I know there are a lot of very good development projects on this platform, what is your opinion about this development?

Tommy | LaunchZone

LaunchZone is currenly focusing on DeFi and venturing out to the NFT field. The development of NFT has brought us a great opportunity to make our name known not only to the players in the DeFi fields, but also other fields within BSC, an soon other networks other than BSC. We beileve that there’s no limit when it comes to growth and developement, so we try not to force ourselves into only one particular field. More importantly, as more users become interested in NFT, we knew that it was about time we let LaunchZone known in the NFT field. One of our very first NFT partners is ITAM, which is a project bulit on BSC.

Q3 FROM @annd0797

What was the reason behind the creation of LaunchZone?

Tommy | LaunchZone

It is well known and currently acknowledged that we are all living in an unsustainable and unstable centralized — economy. Unsustainable exploitations of natural resources alter our environmental conditions whilst social monetary values are controlled by people and institutions that don’t care about the well-being of others more than themselves.All of this made us come to a common conclusion: it is time for a change. LaunchZone team consists of individuals from different continents, nations, races and colors with the similar goal of building a sustainable and stable economic Ecosystem for everyone by the help of blockchain technology and decentralized finance. We might be all different but under the same ideal, we all work for the world to be a better place.

Q4 FROM @Ramsy_north

Can you share about the partners of Lunch Zone. Do you have plans to establish collaborative relationships with other BSc projects?

Tommy | LaunchZone

As a growing project, LaunchZone makes sure that we expand our partner network, and we are always looking for potential strategic partners. Ever since our launch, we have successfully partnered up with many projects, including big names like PancakeSwap, Certik and Soteria. You can check out the full list of our partners on LaunchZone’s website.

Q5 FROM @Lucian_Barmy

I’m investor and if you want me to invest in LaunchZone, what’s the reason?

Tommy | 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.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!

— AMA CONCLUDED —

Follow LAUNCHZONE here for latest updates;

Website:

http://launchzone.org/

Telegram:

https://t.me/bscextalk

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