CRYPTOCHALLENGERS AMA WITH LAUNCHZONE
INTRODUCTION
Loki (never pm you for funds):
Hello guys welcome to a special AMA session with Launchzone 🚀
Let’s welcome @patrick_launchzone from Launchzone
Patrick : Hello everyone. I’m Patrick - Business Developer of LaunchZone ecosystem. It’s my pleasure to be here today with Crypto Challengers community today 😁😁😁
Loki (never pm you for funds):
So without making any further ado let's jump to our basic Introduction Segment
Cool here's the first Introductory Question to deal with:)
Q1. What is the strongest points of 'LAUNCHZONE' that helps to attract investors on the project?
Patrick BM _LaunchZone:
Really interesting question. 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.
Loki (never pm you for funds):
That was smooth😄
Here's another one coming through 🙂
Q2. What are you looking most forward to doing in LaunchZone?
Patrick BM _LaunchZone:
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
And I really look forward to the development and success of the LaunchZone ecosystem. With what we built and turned it into a digital platform far exceeded what we had come to expect at the very beginning of this project.
Loki (never pm you for funds):
Let's talk about your team😄
Q3. How has the experience and background of your team been effective in the success of your project so far?
Patrick BM _LaunchZone:
Yes, 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 including my story inside when I burn all money on the account LOL 😂
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!
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?
Patrick BM _LaunchZone:
In the short term, we plan to complete all our products and expand our community simultaneously. In this period, we are trying to prove to the world what our technology is capable of and how DeFi is the solution for financial freedom
To do this, we launched our first products including
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
and 3.PadX: a Dapp for members to buy IDO
The IDO of BSCX token was released on 21 December 2021 and marked the start of the LaunchZone ecosystem. In less than 2 months, the price of BSCX increased 540 times from 0.005usd/BSCX to 27usd/BSCX.
Loki (never pm you for funds):
Down to our last question of the segment😄
Q5 : Can you tell us more about your business model & how has your community grown since your first launched?
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.
The technology of LaunchZone focuses on the unique technology that is called Cross Liquidity Layer 2
In December 2020, we launched LaunchZone Ecosystem(a.k.a BSCex), a decentralized non-custodial cryptocurrency exchange-centered ecosystem that runs on Binance Smart Chain (BSC)
Our business has experienced explosive growth in demand for our crypto services (LaunchPoolX, SwapX, and LaunchPadX) in the past months. Many startups and partners have partnered and launched on our platform.
LaunchZone is a global project. Our goal is to bring DeFi to everyone from anywhere in the world. We constantly gaining users from all over the world, creating new international communities, partering up with different partners from different contries. Even our staffs are located globally. We believe that there should not be any restriction in terms of exploring new technologies, especially when cryptocurrencies and blockchain is gaining much attention globally
Let’s move to our last segment live Q&A if you’re ready @patrick_launchzone
LIVE SEGMENT
📌 In this Session, we will unmute the chat for 60 seconds so everyone can send their Questions to participate in the AMA.
❗️RULES:
🔹 Each participant is allowed to send 3 Different Questions.
🔹 But each message contains 1 or 2 Questions.
🔹 You are not allowed to copy other's participant question otherwise you will not receive the reward even you won.
🔹 Copied question from other AMAs or other Groups will be disqualified
🔹 Avoid tagging the guest or its username ( Remember you are not the only one questioning)
Q1. Is this platform suitable for Crypto beginners? Or does it only appeal to professional users?
Patrick : As mention above, 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.
Q2. How can users get benefits from investing in LaunchZone?
Patrick: 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.
Q3. What if I lock $BSCX and not get the lucky star?
Patrick : 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.
Q4. What are Vision and mission of LaunchZone for DEFI? What makes LaunchZone stand out and be different from similar projects ?
Patrick : 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.
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. Tthe otal price impact/slippage is 0.097%, much lower than executing an order on just one single AMM.
And that’s how we keep on top of competition 💪💪💪
Q5. Which country will you focus on to enter the market? Korean, China, or Vietnam?
LaunchZone is a global project. Our goal is to bring DeFi to everyone from anywhere in the world. We constantly gaining users from all over the world, creating new international communities, partering up with different partners from different contries. Even our staffs are located globally. We believe that there should not be any restriction in terms of exploring new technologies, especially when cryptocurrencies and blockchain is gaining much attention globally.
Loki (never pm you for funds):
And it's the time for us to end this AMA session, any last words you would like to say to our community? @patrick_launchzone
Patrick BM _LaunchZone:
Sure. Ofcouse. It's an honor for me to be here with your wonderful community and your project development team to do today's AMA.
Our most sincere thanks to everyone who followed the AMA as well as asked related questions. If you have any questions, please feel free to join the @bscextalk group and asking
Loki (never pm you for funds):
It was pleasure having you @patrick_launchzone Thank you so much for spending time with our community & all the very best for LaunchZone
You can ask more questions by joining Launchzone Telegram Group👉 @bscextalk
AMA concluded ✅ chat will unmute now😄
📌Here below are links for you to get the latest updates about Launchzone
