BINANCEMAX

Introduction

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant’s database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Decentralized Finance

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

For this reason, I would like to introduce BinanceMax Swap (https://binancemax.net/#/), a decentralized automated marketplace (DAMM) created through the Blockchain network that allows users to securely exchange digital assets through generated liquidity pools (LPs), bringing those features of centralized finance to a fully decentralized one.

BinanceMAX aims to be a new revolution in DeFi due to the unique features and characteristics it brings to the users’ platform. The main idea is to merge PancakeSwap-like exchange with integrated charts and trading tools to unlock the user’s decentralized trading experience.

$BMAX is the 100% community-backed BinanceMax project utility token created through the Binance Smart Chain network under the BEP-20 protocol. The Bmax token is a self-burning, liquidity-generating token with a smart, reflective gaming mechanism that charges a 5% fee for each transaction within the ecosystem, to ensure the continuity of the token and to create incentives for users and holders of the token. Thus, BMAX is not only a meme token, but behind it, there is a real-world use case.

Main features of the project are the following:

• 5% tax: For each transaction within the BMAX contract, a 5% tax will be charged, part of which will go to the token holders. Thus, by holding the token, the user will be rewarded for it.
• 1 billion token supply: The total supply of BMax will be 1,000,000,000,000,000 tokens, which in comparison to any meme is very low, which could be of great help for the price of BMax because it could give it a more pronounced growth than other memes.
• 3% of the tax is redistributed: in order to sustain the token, motivate users, and secure smart contracts within the ecosystem, 3% of the fees will go to liquidity generation and burn mechanism.
• 2% goes to the lottery wallet: The remaining 2% of the fees will automatically go to a unique lottery wallet, which will serve to distribute the tokens to those lucky winners of the daily lottery.
• 100% green: BinanceMax will be fully green and sustainable as it uses automated agricultural technology with every transaction.

Benefits of the BinanceMax platform are:

• The BMAX token will be governed by the community, so the project will be 100% owned
• Project audited by professional auditing firms
• Unique charts and tools within DeFi when making swaps.
• Possibility of leverage in decentralized futures and margin trading
• Decentralized lending platform for leverage trading
• 100% green by making liquidity exchange through agricultural pools
• Daily lottery (every day up to 3 Bmax holders will win from 5 to 50 bnb in daily Bmax draws through lotteries)

The project gives the opportunity to earn BMAX tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5345498.0), where you can access the link in order to see what are the conditions to become an early BinanceMax contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (https://binancemax.net/#/whitepage). You can also stay tuned in their official Telegram Channel (https://t.me/BinanceMax1). I hope you liked the post and soon I’ll send you new ones.

The project has also an experienced team in the field and very versatile:

To conclude…

BinanceMax will be the first decentralized exchange with not only built-in charts, indicators and trading tools, but also futures and margin trading with up to 100x leverage, which will also provide daily lottery drawings for holders of their own BMAX token. In addition, BinanceMax will also offer digital asset lending and borrowing for margin trading, liquidity fund farming to earn more tokens and pay fees, as well as Blockchain gaming and more. The BinanceMAX DAMM exchange will provide traders with the same trading features used primarily on centralized exchanges such as trading charts, tools and indicators, thus solving common problems with DeFi.

Social Media Links

Website: https://binancemax.net/
Discord: https://discord.gg/nY9srxnFTU
Twitter: https://twitter.com/Binance_Max
Telegram: https://t.me/BinanceMax1

Author :
Username: piqulhdt28
Profile Altcointalk: https://www.altcoinstalks.com/index.php?action=profile;u=80105
BEP WALLET: 0xb31F778574bE2aC3A0d8023e4c2fC762949578C2