“We have found a prestigious partnership for DEX Futures co-operations with ApolloX.”
Heard about one of the most prominent decentralized finance (DeFi) platforms in Vietnam and Southeast Asia? Launched in December 2020, LaunchZone is a decentralized, non-custodial ecosystem on the BNB Chain, with a mission of building the ultimate DeFi platform catering to both users and projects.
Why decentralized futures?
LaunchZone aims to provide users with a seamless crypto experience and assist crypto startups with fundraising and software development until they are robust enough to launch successfully on their own.
“LaunchZone ecosystem has been developing as an ultimate Defi platform service including: LZ Swap, LZ Limit Order, LZ pool, LZ pad, LZ Wallet,” said the LaunchZone team.
To continue to serve the community and compete effectively in the space, LaunchZone needed to stay on top of their game. They noticed two trends.
- DEXes were growing in market share. In September 2020, CEXes supported below 50% of on-chain volume for the first time. In June 2021, DEXs facilitated more than 80% of on-chain transaction volume.
- Crypto futures are in demand. Bitcoin futures trading volume in the first nine months of 2022 saw explosive growth, exceeding $10 trillion USD.
It was clear that the two would converge into decentralized futures, a young but growing sector in DeFi. Armed with strong foresight, LaunchZone started to seriously consider adding decentralized futures into its ecosystem.
Turning LZ Futures into reality
“Understanding the potential of DEX futures, we decided to add LZ Futures to our exchange business so that our users can use our platform as a one-stop service.”
In August 2022, mere months after first sparking the idea for decentralized futures trading, LaunchZone successfully launched its crypto derivatives platform LZ Futures. LZ Futures was subsumed under LaunchZone’s exchange product with a LaunchZone look and feel.
LZ Futures trading platform
To set up LZ Futures, LaunchZone onboarded the ApolloX DEX Engine, an enterprise-ready decentralized trading solution for any business looking to launch their own derivatives DEX. The ApolloX DEX Engine has several winning features that would benefit LaunchZone users:
- Core offering of perpetual futures so that LaunchZone users can profit in both bull and bear markets
- Trading with leverage so that users can maximise their capital
- A high maximum position value for advanced traders
- Enhanced privacy and autonomy that comes with self-custody
Set up was easy and quick, since LZ Futures leverages ApolloX's stable trading infrastructure, deep liquidity and market depth for derivatives trading. LaunchZone simply needed to customize LZ Futures’ frontend trading interface after integrating ApolloX DEX Engine’s SDK.
The LaunchZone team recalled, “Within 7 working days, we had a complete DEX of our own.”
The start of LZ Whitelabel Service
LZ Futures may have successfully launched, but LaunchZone took it one step further with its LZ Whitelabel Service.
“LZ Whitelabel service is the first offering in the market with LZ Futures as the pioneer product,” said the LaunchZone team.
As its name suggests, LZ Whitelabel Service offers a trading solution to other projects in the Vietnamese crypto market looking to set up a futures platform like LZ Futures. This is made possible by tapping into ApolloX DEX Engine technology.
Ultimately, LZ Futures has helped LaunchZone better serve its users while remaining competitive in the dynamic DeFi space.
Concluding their thoughts, LaunchZone opined, “So far, we have not found any challenges with the ApolloX DEX Engine. Instead, we have found a prestigious partnership for DEX Futures co-operations with ApolloX.”
Join LaunchZone and 20 other ApolloX DEX Engine partners in launching your own perpetuals DEX. Be next to enter the perpetual futures market!
Set up your DEX in a few days
Whether your business wants to expand into the derivatives market, cater to both beginner and pro traders in your user base, or even add more use cases to your native token (ask us about this!); ApolloX DEX Engine promises a fuss-free, ready-to-deploy experience. Furthermore, you can expect marketing and customer support from ApolloX to ensure a smooth onboarding.
3 Simple Steps
1. Fill in the application form and submit
Our dedicated support team will review each submitted application with care. Successful applicants will be guided to proceed to the next step.
2. Create your own domain name
Before you start, help your users easily identify you by creating your branded domain name.
3. Download our proprietary SDK and customize it according to your preferences
Customize the ApolloX DEX Engine SDK to better cater to your business needs. After mandatory testing, prepare for launch.