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At the end of February 2021, LaunchZone announced that LaunchZone Ecosystem would launch new token fundraising events on LaunchZone PadX. PadX is the on-chain version of Binance exchange’s Launchpad.
It is the platform for crypto startups to raise funds through the process called IDO (Initial Dex Offering). The difference here is that only those who win the LuckyStar ticket of the PadX or whitelisted participants of BSCX Heroes Program have the right to participate in IDO.
LaunchZone.org believe all project stakeholders are as important as each other. Investment funds and communities should work side by side on projects, on the same terms, towards the same goals. Launchpool harnesses their strengths, and aligns their incentives, so that the sum is greater than its constituent parts.
In order to meet the enormous demands for participating in LaunchZone.org PadX’s IDOs, they introduce a lottery mechanism. To join the lottery, you need to lock LaunchZone’s BSCX token (ticker: $BSCX) in LaunchZone PadX’s smart contract for a specific period of time.
The lottery draws will take place, and the winners of LuckyStar tickets will automatically participate in the IDO in exchange for BSCX (this process is done automatically once you applied for a Lucky Star and won any ticket).
For each 100 BSCX token is locked, the user will get 1 lottery ticket that is called Lucky Star.
1 wallet address can lock up to 1,000 BSCX (equals 10 Lucky Stars).
Lock period: 6 months
During that 6 months, users, who have their BSCX locked for getting Lucky Stars, can:
use the locked BSCX to participate in other IDOs on LaunchZone (no need to lock more BSCX)
receive 10% of the raised fund from the IDOs on LaunchZone
receive other airdrops that are distributed by LaunchZone’s business partners
Besides LuckyStar ticket winners, whitelisted BSCX Heroes can also take part in IDOs on PadX.
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.
The PoolX serves as the on-chain edition of the Binance Launchpool. Users will be able to provide liquidity provider (LP) tokens for the BSCX/BUSD pair to farm (earn) a new tokens. The amount of your daily-earned tokens 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.
PadX is the on-chain version of Binance exchange’s Launchpad. It is the platform for crypto startups to raise their fund through the process called IDO (Initial Dex Offering). The difference here is that only those who win the LuckyStar ticket of the LaunchPadX have the right to participate in the IDO.
The live Launchpool price today is $1.16 USD with a 24-hour trading volume of $223,065 USD. Launchpool is up 1.73% in the last 24 hours. The current CoinMarketCap ranking is #3007, with a live market cap of not available. The circulating supply is not available and a max. supply of 10,000,000 LPOOL coins.
What is the LaunchZone token?
$BSCX is the governance and equity token of the LaunchZone ecosystem. It is a source of passive income for depositors who provide liquidity to the market. Users holding $BSCX can participate in liquidity farming, IDOs (on PadX), and other on-chain activities that warrant the economic benefits for token holders.
Trade. Anywhere. Decentralized
LaunchZone.org You can use Trust Wallet or any kinds of wallet that support web3 and Dapps to experience in the products.
You can use chrome and metamask to experience in our products including DexX, SwapX and PoolX.
Who is behind LaunchZone?
It is well-known that we are living in an unsustainable and unstable centralized economy. The exploitation of natural resources destroys the environment, while social and monetary values are controlled by individuals and institutions that care about their well-being only.
LaunchZone Team is a group of experts from different countries, cultures and races working towards the common 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 all know it is time for a change.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.