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At 388k, the size of the app is very small, especially when compared to more modern launchers, definitely a good app to use on low memory devices.
Among the fastest launchers available.
Con Not a lot of customization options
Zeam offers a near-stock experience. In addition to stock Android it has a scrollable dock and allows assigning actions to gestures, setting the app grid size among a few other small tweaks.
Has not been updated since 2013, though it still works fine.