BinanceMax A New Revolution In The Defi Space

Introduction

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:

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

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:

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

Telegram: https://t.me/BinanceMax1

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

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

Discord: https://discord.gg/nY9srxnFTU

MY AUTHOR

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