ANNOUNCEMENT ON THE ROADMAP UPDATE OF LAUNCHZONE
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.
Today, we announce exciting news: 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.
The complementary strengths of the four brand portfolios present substantial opportunity for synergies, which will result in increased scale, relevance and token utility. The social tools of The Sowing Network and the marketing competencies are integrated into the thriving business of the old LaunchZone, creating LaunchZone Ecosystem (“LZ Eco”) – the first complete ecosystem in the crypto industry.
Structure and Synergies
The Sowing Network will be fully integrated into and provides the social infrastructure for LZ Eco, while BSC Army continues to perform their independent operations under the management of LZ.
ezDeFi will be renamed as LZ Wallet. The native tokens of ezDeFi will be merged with the tokens of LZ Eco.
The utility and governance token of LZ Eco is LZ, which will be converted from the old BSCX with the 1:1 ratio. Conversion rate of BARMY and ZD to LZ will be announced later.
LZ Eco also makes the introduction to LZP, a complete new token which will be rewarded in correspondence with the support of LaunchZonians as our tribute to the community. LZ Eco will simultaneously launch a new staking and yield farming system, which allows users to earn huge rewards by staking or providing liquidity.
ZDCASH and zSEED are merged to LZP; the conversion rate is given as follows:
To mint 1 LZP, zSEED holders will have to burn 1 zSEED.
To mint 1 LZP, ZDCASH holders will have to burn 10 ZDCASH.
Participants of the BSCX Heroes Program will also receive LZP for their hard work. Heroes will get 1 LZP for every 10 points based on the final whitelist points for the Mars IDO.
We are migrating to the new domain at http://www.lz.finance/ and the website’s UI/UX will be upgraded to stay synchronized and better answer users’ expectations.
The logo, business name and social media profiles of LaunchZone, The Sowing Network and ezDeFi will be changed respectively. LaunchZone’s product names will also be changed to LZ Pool (currently PoolX), LZ Swap (currently SwapX) and LZ Pad (currently PadX). Our airdrops and other programs will remain unchanged as well.
Commitment to Communities
The new LZ Eco is committed to supporting the communities and business partnerships of The Sowing Network, BSC Army and ezDeFi. With the launch of LZ Eco, our promise is to deliver high-class products, compact services and expand our operations on Binance Smart Chain and to other blockchain networks. All users’ funds on LaunchZone are safe and this will be a flawless transition for all Launchzonians.
The proposed acquisitions create substantial value for $BSCX holders. By continuing to own tokens of the LZ Eco, $BSCX holders will have the opportunity to participate in the new ecosystem’s long-term value creation potential.
Updates on our Roadmap will be published over the next few days to help users envision the intended structure and direction of the LZ Eco.
We will continue to keep you posted on our plans for the integration and how the new LZ Eco will benefit you. In the meantime, please do not hesitate to contact us with any questions you may have. We look forward to continuing to serve your needs and preparing to thrive again when the tide rises.
Thank you for your continued support.
Tony, Founder and CEO
Save my name, email, and website in this browser for the next time I comment.
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.