AMA RECAP : CRYPTO CHALLENGERS x LAUNCH ZONE
Venue : @CryptoChallengersD
Date : 14th AUGUST 2021
Time : 10 AM UTC
Guest : Luke
SEGMENT 1 : INTRODUCTION SEGMENT
Just Do It | Crypto Challengers
Q1: Can you briefly introduce the project and the recent changes to LaunchZone?
Luke | Launch Zone
Yes absolutely, 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 LaunchPadX. Our mission is to make Binance’s off-chain services available on the blockchain, develop multi-chain applications and promote features of decentralized finance that let users gain economic benefits.
As BSCex continued to grow and partner with many crypto startups and projects, we have undergone a rebrand to LaunchZone, which aims to focus not only on providing users a seamless crypto experience, but also on assisting crypto startups with fundraising and software development until they are robust enough to launch successfully on their own Recently, LaunchZone has completed its acquisition of The Sowing Network, BSC Army and ezDeFi. This combination makes LaunchZone stronger to better serve the community and compete more effectively in the DeFi space This recent acquisition also renewed our resources by migrating the old BSCX token, the ZD token to our new LZ governance token; while the zSeed, ZDcash and BARMY tokens were migrated to our new LZP token The partners products were also integrated into the new ecosystem in short terms, after such recent changes LaunchZone is a bigger ecosystem with more products aided by the LZ and LZP tokens the ezDeFi wallet of ezDeFi shall soon be the new LZ wallet with new upgrades
Just Do It | Crypto Challengers
Q2: What is the difference between $LZ and $LZP
and what are their effects?
Luke | Launch Zone
The LZ token is our new governance token. This token was migrated directly from our old BSCX token on a 1:1 rate. Technically, the LZ token inherits the ulitilities of BSCX token on our platform, including: IDO participation; LP farming; Referral link activation, etc… Furthermore, as we are having plans to release new products and sẻvices, the LZ token shall be ultilized in our future products and we are also working on the new products as we speak. New updates and announcements shall be made prior to the launch of new products along with the new ultilities of LZ token $LZ token is also a deflationary token and its tokenomics is designed to give various financial benefits for holders and service users.On the other hand, $LZP is the inflationary token that we use to reward our LP providers and ultilize community interaction. $LZP can now be farmed on our Pool.lz.finance.As we are supporting various gamefi projects and the boom of NFT is getting more hectic, we are also having plans to develop game related products to either support devs and fill users demand. The LZP is planned to play the big role in this new product.for more information about us and our tokenomics, you can visit https://docs.lz.finance
Just Do It | Crypto Challengers
Q3: How will the token merge affect the development of LaunchZone?
Luke | Launch Zone
The token merge is a strategic movement of LaunchZone and partner projects in order to create a bigger and more capable ecosystem to satisfy different market demands.As each integrated projects specialize in a different field: LaunchZone — incubation; ezDeFi — wallet app and payment gateway; Sowing network — Community ultility; BSC.Army — ad and promotion services;the integration made the united LaunchZone ecosystem more flexible to carry different business decisions while having sufficient resources.The token migration was an essential outcome for all projects to focus their resources and concentration to build the common LaunchZone ecosystem.We believe that this concentration shall result in a better user experience to LaunchZOne supporters as well as creating a bigger success for the whole ecosystem.
Just Do It | Crypto Challengers
Q4: Up to now, how many products have you got in total? Can you introduce and highlight their outstanding features?
Luke | Launch Zone
For now, our we still having 3 key products but their names were changed from the original versions:
1, LZ Swap: AMM aggregator
2, LZ Pool: yield farming product
3, LZ Pad: IDO platform
The new versions of our Key products have also been upgraded and equiped with new functions:
1, LZ Swap: Limit order function
2, LZ Pool: New pools with high APY; flexible to create LP and staking pools for most token models
3, LZ Pad: Upgraded UX, UI and more stable connection
Since this is still the early stage for LaunchZone since the acquisition, we have prioritized to upgrade our existing products. In the coming period, we shall establish our own stable coin of USDZ and new functions like LZ savings or LZ vaults shall be introduced to the public.In short terms, the current LaunchZone ecosystem inherits all existing hit features of the old platform while having new upgrades and functions
LaunchZone is really changing for the better guys and our LZ Swap recently ranked 3 on Dappradar.
Just Do It | Crypto Challengers
Q5: Tell us about your achievements?
Luke | Launch Zone
We are working on a new version of our archive but anw, this is the old version of our archive on social interaction.In simple terms, I’d say that what we mainly achieved as project developers were:
1, Creating a functional economic model for our vision
2, maintaining a vibrant community of above 36k members
3, maintaining a stable business throughout different market conditions.
the recent acquisition is also one of a great achievement we’ve gained on this journey as the event changed the entire LZ platform to a bigger ecosystem while expanding our operation and business fields.EzDeFi has a great wallet app that shall be one of the core product of LaunchZone once rebranded to LZ wallet.BSC.Army is a media company on the rise and their live AMAs are improving in both traffic and content
https://youtu.be/Wpm8qQ2kcAo
With all of these achievements and experience our team was able to acquire throughout our operation.we have no doubt that LaunchZone shall reach its goal to be one of the best and biggest Defi Ecosystem
Just Do It | Crypto Challengers
Q6: Why was BSCex rebranded to LaunchZone?What changes are planned with this rebranding?Also u have mentioned that,the project aims to support crypto startups. Can you explain,about these startups are selected? How will the LaunchZone gain benefit from this?
Luke | Launch Zone
As mentioned earlier, we decided to rebrand to LaunchZone since this name better indicates vision and business focus. LaunchZone does not focus only on providing users a seamless crypto experience, but also on assisting crypto startups with fundraising and software development.Upon registering for our IDO, every projects and startups are required to have KYC, working products and audit reports.After passing the register process, we shall contact the projects directly and evaluate if they are potential enough to get LaunchZone IDO spot and support.incubation is the highest level of support we give to other projects and this process shall be done only to projects we see truly potential.As the founding members are all experienced investors, this evaluation process is our way to make sure that the IDO projects are all showing value in the long term.
Just Do It | Crypto Challengers
Q7: Can you name two particular or useful use cases of the $LZ and $LZP tokens? How will they help users to achieve sustainable growth and retain their economic interest in the platform?
Luke | Launch Zone
The tokenomics of LZ token is designed to charge 6% tax on every transactions with 2% of which shall be redistributed to our LZ pools. This means by holding our token, users can benefit from passive income when farming on LZ Pool.Another function to be completed soon shall be LZ lock for IDO spotSince the majority of our users have locked their BSCX token to participate in our IDO sales.the coming IDO of LaunchZone will still apply the same BSCX locking mechanism. However, we shall soon change the whole platform to be LZ compatible so holding LZ token shall allow you to access and use most of our valuable functions and services.
Just Do It | Crypto Challengers
Q8: Most investors focus only on the price of the token in the short term instead of the real value of the project. Can you come up with some new plans for users to invest in long-term? What can we expect from this project in the short term and beyond
Luke | Launch Zone
In the short term, we are launching a series of services to ultilize our LZ token and our stable coin.The new products shall benefit users in various financial aspects.The launch of such products shall come along with series of new marketing campaigns and giveaways so the short term investors may find their chances to benefit from our future On the other hands, all changes and new upgrades to the LaunchZone ecosystem are made with the intention to build real and long lasting values for the space and we’ve been going with such ideals since the start of this project.Therefore, the long term investors can always find our services useful and may see us as a potential investment.
Just Do It | Crypto Challengers
Q9: How can LaunchZone merge things like NFT, GameFI and DeFi while further developing the ecosystem by working with a variety of partners to help innovate and further develop the ecosystem at BSC, Polygon, and possibly other chains?
Luke | Launch Zone
This is exactly what we’ve been doing !!!After the recent acquisition, LaunchZone’s technical structure is much more improved and more flexible than before. This allow us to offer services to different projects and we’ve also been incubating potential projects for our next IDOs.In the meantime, we’ve also cooperated with 100Xcoin team to create a new project on Polygon called CremePieSwap.CremePieSwap is also testing various technical designs and our cross-chain solutions designed we planned for LaunchZone. In the long-term, we are aiming to build LaunchZone an ecosystem capable of working on all networks.
Just Do It | Crypto Challengers
Q10: How big and strong is your community? do you have community for non english users?Is your project a local project or a global project ? Can anyone use your services from anywhere in the world? Is there any restrictions of using your service ?
Luke | Launch Zone
LaunchZone is a Defi project and our Dapps are accessible to any wallet apps or extension supporting web3, so there’s no limitations or restriction on where or who can use our services. Such great products were also the reason why we have managed to create an active community of above 46k members.apart from our main Community https://t.me/bscextalk ; there are 7 local communities for non English members like Brazillian; Chinese or Spanish communities.You can join our global community directly to be instructed on how to join our local communities
SEGMENT 2 : LIVE Q & A
Q1) From @Ryan6338
How important is the community to you? and How can we collaborate or help you for the development of the project??
Luke | Launch Zone
For every defi project, Community plays the vital role since this is where projects get their investors and supporters. This is ofcourse applied to us too. As we are having various plans to introduce new products and services to improve user experience, I guess it’s fair to say that community members can help by staying supporting to us with your trust and feedbacks on the new products. Everything we do are aimed to create better values for the community and every support we get is helping is stepping toward such goal
Q2) From @g1noga
Security is the most important thing to consider want starting up a project, how secured is this project for users and investors?Thank you very much for your attention
Luke | Launch Zone
LaunchZone understands that safety is one of the pillars of a trust-worthy and long-lasting decentralized project. That is the reason why we have worked with multiple renowned smart contract auditors to ensure that our products are at the maximum level of security. There are few blockchain projects on the market that partner with more than one auditor due to the time, effort, and cost involved, but LaunchZone always gives our best to our users and investors.LaunchZone has been audited by VeriChains’, Halborn Security, DeFi Yield and CertiK
Q3) From @clampet
Any info regarding your roadmap? What new development and feature that user will have in nearly future? Thank youLuke | Launch Zone
LaunchZone’s mission is to offer users a full spectrum of DeFi services on one platform. Our new roadmap includes the following major milestones:
-Upgrade LZ Swap with Limit Order, Better time estimation and a Buy/sell meme tokens feature
-Migrate to http://www.lz.finance/
-Merge zSEED and ZDCASH to LZP
-Launch $1M bounty campaign for LZP holders
-Merge BSCX, BARMY and ZD to LZ
-Launch LZP and new farming pools
-Develop LZ Dex
-Bridge LZ to Polygon and enable farming on Polygon
-Bridge LZ to Kucoin Chain and enable farming on Kucoin Chain
-Bridge LZ to Hecochain and enable farming on Hecochain
-Bridge LZ to Avalanche and enable farming on Avalanche
-Release LZ Stablecoin Yield Aggregator
-Introduce LZ Pool Vault
-Bridge LZ to Near
-Introduce LZ Wallet App and LZ Wallet Chrome Extensions that supports Avalanche, Polygon, Near
-Release LZ Stablecoin Farming Protocol
-Introduce LZ AMM Aggregator Routing Protocol
-Enable Cross-chain Swap
-Give LZ holders better advertisement position on BARMY Xpress
Q4) From @Onyejekwe
I see that your project has several products and one of them is LaunchpoolX, could you tell us a little more about it? What is its objective and what role does it play in the ecosystem?
Luke | Launch Zone
LZ Pool is one of the most important DApps in LaunchZone Ecosystem. This DApp aims to stimulate the adoption of multi-chain and LaunchZone Ecosystem, as well as the success of decentralized projects. Basically, users can stake their tokens and/or provide liquidity to earn new tokens
LZ Pool strives to connect large hedge funds, big investors, project owners, communities, experts, and general market participants to help build new decentralized projects in the future and enables all stakeholders in LaunchZone Ecosystem to obtain assets in a fair way. With LaunchZone’s partnerships and strong tokenomics, LZ Pool offers users various investing options that have never been accessible before such as: high-yield and stable revenue, multiple farming pairs, and token-price defending mechanism.
*For Launchzonians
Accessing projects at the earliest rounds
Investing in various new tokens without the associated minimum threshold reserved for investment funds.
Having the chance to become a part of a new project’s community.
*For New Projects
Promoting through LaunchZone, our communities, and our partners.
Raising funds through a trust-worthy channel.
Accessing diverse communities keen to engage.
*Terms & Conditions
Users will be able to un-stake their funds at any time with no delay and participate in any other available pools immediately.
Rewards are calculated and distributed in real time
Join @bscextalk to learn more
Q5) From @Jack53023
Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us??
Luke | Launch Zone
After the acquisition, BSC.Army is now a part of the LaunchZOne ecosystem. As BSC.Army is well known for conducting great Live AMA sessions with defi projects, you can follow BSC.Army’s youtube channel to get more information on new projects and ideas: https://youtube.com/channel/UC1cncjm36ExwI6K46cXuIow
regarding information about LaunchZone, you can either follow our twitter account https://twitter.com/launchzoneann?s=21
or joining our official community @bscextalk as these are where our latest updates are announced
— AMA CONCLUDED —
Follow LAUNCH ZONE here for latest updates;
Website: http://lz.finance
Twitter: https://twitter.com/launchzoneann
Telegram : https://t.me/bscextalk
Follow CRYPTO CHALLENGERS :
Group : https://t.me/CryptoChallengersD
Channel : https://t.me/CryptoChallengersNews
Twitter : https://www.twitter.com/C_challengers
