MXC AMA Recap Session with C.L from LaunchZone (BSCX)
Guest: C.L, Representative BD at LaunchZone
Host: Iris of MXC Exchange
Iris: Today, we’re honored to have C.L, Representative BD at LaunchZone — to our community to give us a more intuitive introduction to the recently very hot and unique project, LaunchZone (BSCX)!
Now I’d like to invite C.L to say hello and introduce himself!
C.L: Hi everyone! It’s my pleasure to be here today. I am C.L, representative BD of LaunchZone ecosystem.
After burning all my money in margin trading, I was lucky to meet Tony, our CEO, 3 years ago when he was gathering the team to build LaunchZone.
After 3 years of hard work and long days together, now I am the head BD of LaunchZone ecosystem. The journey was long and exhausting but I’m glad we made it here today.
Questions about the project:
Iris: OK, let’s get the AMA officially started! We will mute the group for about 60mins for a better AMA environment. Please don’t panic if you cannot send messages.
We’ll be asking a few questions about LaunchZone to let our community know more about the great project.
Iris: What is LaunchZone (a.k.a BSCex)? Can you share with us more in detail?
C.L: 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 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.
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:
Our new website domain: http://launchzone.org
Our token remains unchanged: $BSCX
Our business name: LaunchZone
Iris: What triggers you to launch LaunchZone? What are some of the real-world problems/ pain points that LaunchZone aims to solve?
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.
To do this, our current ecosystem is equipped with:
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.
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.
For example, LaunchZone users want to swap 2000 BUSD to BNB. The price slippage of BakerySwap for 2000 BUSD in trading volume is 0.2%. Each $500 in trading volume will cause a 0.05% slippage in price. While PancakeSwap slippage is 0.12% and a $500 in trading volume will cause 0.105% slippage. Our BSCex Aggregating Engine will calculate and divide 2000 BUSD into two smaller orders. One order of 1363.636 BUSD is executed on PancakeSwap and another order of 636.364 BUSD is executed on BakerySwap. The total price impact/slippage is 0.097%, much lower than executing an order on just one single AMM.
Thanks to this technology, our SwapX is capable of providing users the best swap rate on the market:
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 from the most potential projects that promise great ROI. This is also the bridge between investors and potential startups.
We believe that by connecting the financial resources to the right places, we can generate a sustainable growth for the LaunchZone ecosystem to be a reliable investment channel to the public while being an incubator to support startups reaching their success. The investors shall fuel up the startups while their projects develop and later support the community. This is the one way to use the advantages of DeFi and Blockchain for the greater good.
4. DexX: decentralized crypto exchange which has full functions of a centralized exchange
This product is planned to make LaunchZone the one place for all Defi demands. 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 PoolX and PadX for everyone to generate their passive income and find good opportunities to multiply their asset. LaunchZone is designed to serve everyone but on a higher level, it is fully decentralized and everyone gets to control their own assets.
Iris: What are some of the challenges that LaunchZone currently face? How do you aim to solve them?
C.L: Since LaunchZone is created to be an all-in-one-ecosystem, one of the biggest challenges we’ve been facing is making sure that our users understand how LaunchZone ecosystem can benefit them. The products that LaunchZone has to offer will surely help users trade and invest in the most efficient and cost-effective way.
In order to solve this challenge, the LaunchZone team is now focusing on 24/7 community support, creating new local communities for international users and making sure that all new updates of LaunchZone are announced on our social media platforms.
Iris: Are there any exciting news or updates with regards to LaunchZone that you would like to share with the users?
Our users are our number priority, and we are very thankful for all the support that LaunchZone has received since day one. We want to include our users in every step of LaunchZone ecosystem’s development.
Hence we are hosting programs such as Spring Referral Trading Challenges — invite friend to trade with your referral link and BSCX heroes — sign up to become a KOL on Twitter. Each transaction from the Spring Trading Challenges and each tweet contribute tremendously to the growth of LaunchZone. Find out more on how you can help out LaunchZone by joining LaunchZone’s telegram group: https://t.me/bscextalk.
Iris: If you were to summarize your project in 1 word, what would it be? Why?
C.L: It would be “harmonized”.
Since LaunchZone is the combination of 3 (at the moment) different products and Dapps that have different functions and designs, it is the harmony between each product that creates the best trading experience for our users and investors.
Furthermore, the idea of serving both the investors and the potential projects also give us a harmony in growth and development.
Q1 - What makes you feel confident about the survival & sustainable success of your project in the near future?
C.L: What makes us confident in the vitality and sustainability of our project is the clear plan for BSCX token. As BSCX is our governance token, it’s used to unlock and activate many profitable services on our platform. For instance, to buy IDO, you’d need to lock a certain amount of BSCX for 6 months to get the lucky star lottery ticket. After winning the lottery, you’d need to spend BSCX to buy the IDO tokens. This creates a great demand for BSCX token as everyone wants to buy our IDO (1st IDO x240 in 2 months; 2nd IDO x80 in the first night). By satisfying the investors, we get to create more demand for BSCX token and increase its price. In the long term, all BSCX holders shall benefit greatly from this. This is how we’re creating a sustainable growth for the project and this is only one of many examples. Join our telegram for more: https://t.me/bscextalk.
Q2 - It looks like LaunchZone plan to dominate of the De-Fi market so what are the strategies LaunchZone prepared on achieving this?
C.L: It’s actually the opposite. Instead of dominating the Defi market, what we are trying to do is becoming the incubator and the launch base for potential Defi startups and projects. We wish to take the supporter position to help the good projects grow strong to help the finance world with their power and solutions. Our strategy for now is simple: meeting every demand from both investors and projects to make LaunchZone a sustainable ecosystem.
Q3 - The DEFI bubble is pumping up every day and it’s only a matter of time before it bursts. What do you think about this and can you be sure that LaunchZone products will be in great demand in the long term?
C.L: In our perspective, the real bubble to burst anytime soon is the current outdated and unfair centralized economy. The current economy is putting too much power in very limited individuals to create such unfairness. This is the reason why more and more people are reaching defi as a solution for their asset safety and future guarantee. In addition, as there’s new projects on a daily basis, the advantages of blockchain and defi are proving to be superior and slowly replacing the old financial tools of the traditional economy. Therefore, as defi enthusiasts, we believe in the value of defi and blockchain; whilst being investors ourselves, we believe in the potential growth and future of crypto assets. That is why we chose to be the supporters to pave the way for the future of defi. This might not be the best position to earn the most profit but this is the position we believe we can use to make the world a better place.
Q4 - How many wallets that can support your token until now? And do you have any plan to build your own wallet?
C.L: Since LaunchZone is a combination of different dapps, you can use any wallet apps that support web3 to access and use our products. Professionally speaking, we are currently strategic partners of ezDeFi wallet and our dapps are also supported by Trust wallet, coin98 wallet, ONTO wallet.. Therefore, it is quite easy and open to use any wallet apps to access the ecosystem. As there’s many great partners to create a wallet that support us already, we don’t have any plans to create our own wallet app.
Q5 - What’s the focus of the now? Build and develop products, win customers and users or partnerships? Are there any plans to burn or block unsold tokens? control flexibility, cost and security?
C.L: To make sure that our ecosystem and products work perfectly, we made sure to audit our smart contracts many rounds both internally by our tech team and externally by other partners like: Verychain, Halborn, Defi Yield and Certik. This is how we can make sure that we have every elements of being a legit and trustworthy project.