LaunchZone FAQ

Q1: What is the LaunchZone token? #

LaunchZone’s token ticker is BSCX. BSCX token is a source of passive income for depositors who provide liquidity to the market. 

BSCX token is minted by Liquidity Mining. It is the governance and equity token of the LaunchZone ecosystem. Users holding BSCX can participate in liquidity farming, IDO (PadX), PoolX, and many other on-chain activities of the LaunchZone ecosystem that warrant the economic benefits of our token holders. BSCX contract adopts a completely fair distribution mechanism to make sure that no one can interrupt the fairness of our ecosystem.  

 


Q2: What is the total and max supply of BSCX? #

The total and the max supply: 9,983,396 BSCX

IDO: 2,000,000 BSCX

 


Q3: Which wallet can I connect to LaunchZone? #

LaunchZone currently supports the following wallets:

  • Metamask
  • ezDeFi
  • Binance Chain Wallet
  • WalletConnect
  • Coinbase Wallet
  • Fortmatic
  • Portis

 


Q4: How do I swap on LaunchZone? #

You can swap on LaunchZone by accessing the SwapX page, then choosing the desired tokens along with the amount that you would like to swap. To read more about SwapX, click here

 


Q5: How do I farm on LaunchZone? #

Farming on LaunchZone requires staking LP tokens that are obtained through providing liquidity to LaunchPoolX. To farm, please go to LaunchPoolX, then choose a pool to stake your LP tokens and the amount that you would like to stake. To read more about PoolX, click here.

 


Q6: How do I connect my wallet to LaunchZone? #

In order to connect your wallet, you have to click on the “Unlock Wallet” button on the top-right corner of the page. After that, look for the wallet you want to connect to LaunchZone and click “Connect“. Approve the connection and you’re good to go.

 


Q7: Why is 75% of new BSCX locked for 1 year after Harvesting? #

Since BSCX token is one important way to support the development of LaunchZone, sustainability and stability are highly prioritized. Therefore, 75% BSCX is locked for one year to guarantee the benefits of both the holders and the ecosystem. The one year mark is counted from the IDO day of BSCX, which is 26th October, 2020.

By having most BSCX locked in the pools, the price and liquidity of BSCX are protected from the risk of having too many people cashing out simultaneously, which may result in a big dump and destabilize the whole ecosystem. With a farming pool enabled to ensure the liquidity of tokens and its safety for a predetermined period of time, investors can farm without the fear of an unexpected dump. This is what makes BSCX pools attractive to investors. The cash flow of new investors shall expand the pools and the continuous flow of new funds prolongs the vitality of the liquidity pools.

After one year, the locked BSCX shall be returned to the Liquidity provider’s wallet address block by block. In other words, all the farmed BSCX shall be returned to the farmers, but the locking period of one year makes BSCX a great mid-term and long-term investment, especially for early farmers. Also, the lock allows the Dev team to access necessary funds to develop the ecosystem. 

In conclusion, the one-year lock of 75% BSCX is a smart solution and is beneficial to all stakeholders of LaunchZone.

 


Q8: Who is behind LaunchZone? #

It is well-known that we are all living in an unsustainable and unstable centralized economy. The exploitation of natural resources destroys our environment, while social and monetary values are controlled by people and institutions that only care about their own well-being. This made us come to the conclusion: it is time for a change. Thus, experts from different continents, cultures, and races gather together and create LaunchZone’s team, all of whom have one similar goal of building a sustainable and stable economic ecosystem for everyone. There is no better solution for such an ecosystem than the transformative blockchain technology. We might be different in many ways, but with the same goal, we work together to make the world a better place.

 


Q9: Why do many members in LaunchZone group chats use broken English? #

As mentioned earlier, the LaunchZone team consists of people from various parts of the world, and the members of LaunchZone communities are also all over the globe. Therefore, English is not the native language for a lot of members, and communicating in English for them is not the easiest task. However, we want to keep our community open to all, as creating a healthy economic ecosystem for everyone regardless of their nationality, race, or culture is our ultimate purpose. No matter where you are from, you are always welcome and treated like a friend in LaunchZone’s community. Join LaunchZone and we will create a brighter future together.

One comment

  1. Hi I like the BSCEX and I staked some liquidity in the launchpool. The one year locking period of 75% farmed and what if dump sell arise after 1 year release the locked token! Do you have better plan after 1 year release token that can keep the value of token sustainable and development!
    Secondly when we add liquidity in the pool, do we earn the sharing fee from the transaction?
    CS San

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