Introduction
The cryptocurrency industry is primarily characterized by two distinct types of exchanges. The Centralized exchange (CEX) and the Decentralized exchange (DEX); they are two sides of the same coin. Centralized exchanges offer features such as know-your-customer verification, login details, Simple and Advanced charts, trading tools, indicators and buy and sell orders price list with trading history to enable prospective investors have an overall view of the entire market. A decentralized exchange on the other hand fosters animosity; here all the investors need to do is to connect their wallet via Metamask or Trust wallet to list a few and then commence trading or swaps. Here, it is the full responsibility of a trader to protect their assets by carefully storing their privates Keys or mnemonic phrases. Again, Traders are left with little or no information regarding the particular asset they want to trade. No charting tools, price history or pending orders. Traders are left at the mercy of the automated market to execute their trades. Binance Max has noticed the above shortcomings and has decided to create an exchange that presents the features of Decentralized and Centralized exchanges in a single unifying platform. The team will achieve this by importing the features of Centralized exchanges into their Decentralized platform.
A Review of Binance Max
Binance Max swap is a decentralized exchange that cleverly integrated features of centralized exchanges by importing them. Binance Max sets itself apart from its contemporaries by being the first automated market maker exchange to feature a built-in trading charts and tools. It also supports Futures and margin trading; welcoming a wide range and arrays of Traders to the platform. The core team behind Binancemax (Bmax) project has also put into consideration Traders who have low capital but who would like to trade on their platform and have provided a leveraged feature that delivers up to a 100 times of the deposited capital.The leverage support functions on the Binance smart chain network; allowing traders to exponentially maximize their profit.
Other exciting features offered by Binance Max
˃ 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.
˃ Lending And Borrowing of Digital Assets for Margin Trading
Bmax exchange offers Lending and Borrowing of digital assets for margin trading. One of the platform’s strategies of generating revenue is by charging an imposed interest on their Lenders and Borrowers. The Lenders and Borrowers would have to use a recommended digital asset by BMAX officials as a collateral security, one worth far more than the actual amount to be borrowed. This would allow the investors to use the borrowed funds for the intended purpose while also allowing the Bmax platform, make profit from their activity. Presenting a win-win situation for all parties involved.
˃ Yield farming on Bmax’s liquidity pool
Yield farming is becoming the order of the day in most decentralized finance platforms and Binance Max would not be an exception. Bmax offers farming in their liquidity pool to enable the Farmers use more tokens and fees. Here, the more to token a farmer provides to the liquidity pool, the more the Farmer can reap. It is a matter of which farmer brings the bigger gun to the liquidity pool and (in form of Bmax tokens) enabling them to earn more rewards.
˃ Blockchain games on many upcoming features
Games have become an integral part of our daily lives as technology takes a new turn. The entire video game industry is worth up to 152 billion dollars according to Techjury ,one any organisation will not want to pass up. The core team behind the Bmax has notice this development and has decided to be a part of the revolution. The Bmax platform has a lot of games that can keep investors occupied. The investors are rewarded with valuable tokens as they progress in the games. Bitcoin was primarily used as a currency to play cryptocurrency games which most of those games existing till today. It gained it’s real time financial value when Microsoft started accepting it as a means of payment in its online stores. Bmax exchange will follow suite and allow games to be played in the exchange for real value.
Binance Max swap
Like previously iterated, Binance swap allows its clients to securely swap and trade many cryptocurrency digital assets from the provided liquidity pool. The swaps will be carried out in a decentralized fashion, allowing investors to swap by just connecting their wallet in real time.
Binance Max Security and Safety
The Bmax core team proposes to work with professional security Teams, Security experts, Auditing firms and Bug Hunters to guarantee that an excellent security architecture is maintained in the smart contracts addresses involved on the Bmax exchange. The security will also cover the Bmax platform, making it hacker-proof.
BMAX Token
The Bmax token is a unique token. It is a utility token that is self- automated liquidity generated. It has an automatic burning feature which ensures that the maximum token supply is reduced, bolstering a healthy token price and an improved network. The token can also be staked to ensure that more tokens are earned by the stakers. A 5% fee is charged for every token transaction where 2% is directed to the daily lottery wallet and the other 3% is directed to the staking rewards, liquidity generation and burning mechanism.
BMAX token, A Community-Driven Token
In the Bmax project, every token holder is a part of the decision-making process. Any user can propose an idea which can be voted for or against by the by BMax community. The core team made it so; so that no single individual or entity can have autonomous control of the Bmax platform, protecting the project in the long run by ensuring a maximum uptime, security and functionality. The Bmax token is a governance token. Here, any token holder can vote, irrespective of the amount of token they possess, fostering equity on the Bmax ecosystem.
Exchange Listing
As of the time of his documentation, Bmax token has been listed on Pancakeswap exchange; an exchange facilitated by the Binance Smart Chain. Investors can hit the link below to buy at an affordable price, in anticipation of a price appreciation in the near future.
Kindly hit link to buy: BUY HERE BUY HERE BUY HERE
Roadmap
The Roadmap of any firm or organization is a pictorial representation showing the plans and dealings of a company in a near or long term basis. The pictorial representation below shows Bmax's road map spanning up till 2022.
Bmax Tokenomics
The chart below shows a comprehensive detailed information regarding Bmax token. Please if you need any further clarification, kindly hit the telegram link below and relate with any of the group administrators; they would be glad to assist!
Bmax Price
Token Name: Binancemax
Token Ticker: Bmax
Token Presale quantity: 500,000,000 (Per $500)
Token Presale price: $0.000001
Token Public sale quantity: 400,000,000 (Per $500)
Token Public sale price: $0.00000125
Soft Capitalization target: $100,000
Hard Capitalization: $500,000
Bmax's Project Team
Bmax's project team comprises of a group of professionals from different geographical location. The team comprises of a marketing manager, a website and user interface developer, a senior contract developer, a sever operator and architect and many more positions. Do familiarize yourself with them and reach any of them via their Linkedin contacts.
Conclusion and personal opinion
The Binancemax project is a phenomenal project and has the Royalty Binance projects posses. In the near future, it would be adopted for mainstream utility purposes. I love the fact that a daily lottery draw summing up to 50 BNB would be conducted breathing a fresh air to the Binancemax project everyday. Again, the burning and staking features are welcome developments, they would reduce the maximum and circulating supply of the Bmax token respectively. This is a project that would benefit early and late adopters, get involved today!
Useful Links:
References:
Yield Farming: oobit.com
A Community-Driven Token: doomsdaynews.com
Lending And Borrowing: drixx.com
Blockchain games: Digitaltokens.io
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