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 called Cross Liquidity Layer 2. This technology utilizes the liquidity of the popular AMMs on BSC such as Pancakeswap, BakerySwap, or BurgerSwap, to provide even better liquidity and yield-farming services for crypto traders and yield farmers. The depositors provide liquidity to the market to earn a passive income in the form of BSCX token.
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.
Name: LaunchZone token
Network: Binance Smart Chain
Smart Contract Address: 0x5ac52ee5b2a633895292ff6d8a89bb9190451587
Why Binance Smart Chain (BSC)?
It’s simple! The high demand for the DeFi services on the Ethereum network creates massive demand for the network. This massive demand eventually translates into very high transaction fees, which makes Ethereum an unusable platform for typical day-to-day transactions. Furthermore, Ethereum is only capable of processing 25-30 transactions per second. This is not fast enough to handle periods of high volume. Ethereum transactions may take much longer than expected because miners have an incentive to include transactions with higher fees first. This makes it incredibly hard to create a scalable product that can be used by millions of users on the Ethereum platform.
BSC has much better speed and lower transaction fees than the Ethereum network. With the support of the world’s biggest crypto exchange, Binance, and its CEO, Changpeng Zhao (aka CZ), BSC is gaining a competitive advantage and liquidity. In the foreseeable future, BSC will become one of the most popular blockchains in the decentralized economy.
SwapX is the key product of the LaunchZone ecosystem. It is similar to Binance’s Liquid Swap but much more advanced. Binance’s LiquidSwap is a centralized service that supports swapping between stablecoins and fiats, while SwapX supports more stablecoin and cryptocurrency pairs. For example, SwapX users can easily swap between BUSD and USDT. SwapX will help users find the best rate and liquidity to facilitate the transaction. On 19 December 2020, the TVL of SwapX is over 100 million dollars.
The problem of most DeFi projects on BSC is liquidity, which 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 low liquidity using our unique technology 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 big price impact (slippage) for the vast majority of transactions. Users cannot execute order swith high volume without causing a big slippage. The LaunchZone Aggregating Engine will divide the order into many parts and execute each part in a different AMM to lower the risk of price 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 LaunchZone 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.
In the meantime, LaunchZone is taking advantage of PancakeSwap liquidity for LaunchZone’s IDO. The upgraded and Cross-Liquidity Layer 2 integrated version of LaunchZone will be released after the IDO ends.
PadX is the on-chain version of Binance exchange’s PadX. It is the platform for crypto startups to raise fund through IDO (Initial Dex Offering). The difference here is that only those who win the LuckyStar ticket of PadX or participants of the BSCX Heroes Program who get whitelisted have the right to participate in the IDO. To get LuckyStar ticket, participants have to lock their $BSCX in PadX’s smart contract for a specific period of time.
PoolX is the on-chain version of Binance exchange’s PoolX. PoolX lets you use your tokens and the liquidity provider (LP) token to farm (earn) a new token, for free. The amount of tokens you earn each daily is proportional to the number of tokens you have subscribed to the pool vs the total number of tokens subscribed to the pool. The tokens you earn are distributed to you in real-time. You get to accumulate a brand new coin, for free.
PoolX is the forked and improved version of LuaSwap – the multi-chain liquidity and exchange protocol designed by TomoChain.
DexX is LaunchZone’s decentralized crypto exchange that is built on BSC. DexX will implement our protocol and technology (AMM+) to acquire the best liquidity of BSC to facilitate on-chain order book. DexX will have all functions of a centralized exchange and many types of market orders (limit, market, stop limit, stop market, etc.)
Let’s Make Binance (SC) dEX great again!
I’m thrilled the BSCx earning ecosystem platform. I hope the stake LP to earn farming can be rewarded by referral programs!! this is marvelous earning ecosystem technology, I eagerly to educate my friends who they are new on cryptocurrency world and earn multiple stream passive income.
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Disclaimer: LaunchZone is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Binance. All products and company names are the registered trademarks of their original owners.