BinanceMax A New Revolution In The Defi Space

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.

About BinanceMax:

BinanceMax is a new DeFi ecosystem that creates the first decentralized Automated Market Maker (AMM) exchange protocol deployed on the public network of Binance Smart Chain with the implementation of various attractive chart trading features such as Price charts, Indicators, trading tools, etc. Their exchange protocol also offers a new concept of futures trading with the implementation of Margin trading options and leverage of up to 100x integrated with the Decentralized Exchange System. Their platform provides basic trading features on various large centralized exchanges such as Binance, Bittrex, Kucoin or even traditional stocks or Forex exchange platforms to be implemented into the Decentralized BinanceMax exchange platform, making it easy for every trader or person to maximize their portfolio with indicators in one innovative DeFi Ecosystem. The BinanceMax Exchange Platform uses the Binance Smart Chain which makes processes more efficient and in real time as well as Built-in various innovative features that make it easier for everyone when using its Decentralized exchange platform. Apart from being an exchange protocol, BinanceMax also implements various DeFi features such as Decentralized Borrowing & Lending which is implemented with margin trading and Farming & Staking Features with different Pool options. Other features will also be implemented in the future such as Blockchain Games or Lottery Draw, creating a new multi-functional DeFi ecosystem. Their protocol has also carried out an Intensive Audit process carried out by a trusted third party.

Features Of BinanceMax: BinanceMax is a centralized AMM platform that allows users to trade crypto just like on the AMM platform but with various features of a centralized exchange platform. But that’s not all, there are several other features of BinanceMax:

Daily Lottery Draw : Every 24 hours, the Bmax core team will conduct a lottery draw that will distribute up to 50 BNB rewards to five lucky winners. The draw will be conducted across board among the entire by Bmax holders on the BSC scan network and the winners will be selected randomly among the members based on the holders rank on the bscscan. To qualify for the draw; Purchase and hold Bmax tokens worth at least 0.25 BNB. As a draw participant, you mustn’t have transferred or sold your tokens for at least five days.

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.

.Security and safety of the platform using DLT and smart contracts.

  • Provision of decentralized futures up to 100x leverage and margin trading.
  • A decentralized lending and borrowing platform for leverage.
  • A daily lottery draw amongst users of the platform happens everyday on BinanceMax, where 3 users stand a chance to earn between 5 to 50 Bnb worth of BinanceMax tokens.
  • Possibility for users to farm on liquidity pools on the platform to earn more tokens and fees.
  • A community centered platform because the contract address ownership gets renounced by the BinanceMax team. This is made possible using distributed ledger technology (DLT)

Advantages of BinanceMax platform:

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)

Token Presale Information:

The presale runs from 1st July 2021–14th July 2021. Below are further details about the token and the presale

Project Name: Binance Max

Ticker/Symbol: BMax

Token type: BEP20

Contract address: 0x7c98dAd92Da81D66c0A2235539DEB76a3f5Ba214

Total supply: 1.000.000.000.000 BMax

Soft cap : 200BNB

Hard cap : 750BNB

Roadmaps for the platform :

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

Conclusion:

Cryptocurrency is a new form of currency that introduces transparent digital assets that can be used by everyone and through DeFi allows Complex banking processes to be used in the blockchain market which has great potential with a large market size and its users continue to grow but unfortunately lacks innovation especially in the DeFi Market. itself, BinanceMax offers a new DeFi exchange system for all its users with various Trading features implemented with audited Smart Contracts. Their ecosystem also offers Lottery Draw and Farming features by offering secure tokens at a fee of 5% of each transaction on the public network which is partially distributed to holders, ensuring that demand will continue to grow over time.

I think at this moment this is enough. If you need any further information you can see all the links of the project. Thank you so much for your patience.

FOR FURTHER INFORMATION PLEASE VISIT THIS SITE

Website: https://binancemax.net/#/

Telegram: https://t.me/BinanceMax1

Whitepaper: https://binancemax.net/#/whitepage

Twitter: https://twitter.com/official_BMax/

Discord: https://discord.gg/nY9srxnFTU

MY AUTHOR

Bitcoin username : arif90900
Bitcoin URL: https://bitcointalk.org/index.php?action=profile;u=2860264
Telegram username: @arif90900
Bep-20 address: 0x6cec29a5668d5ecfa829b766fb62b2b53a8a6b94

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