BinanceMax: A New Revolution In The Defi Space

By adriaparcerisas | ICO Reviews | 25 Jun 2021

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Introduction

One of the most interesting topics that have emerged as a result of the massive adoption of cryptocurrencies is that of decentralized finance (DeFi), a very different type of economy from the one we have had so far, dissolving this massive centralization of specific entities and providing security and anonymity to users. However, there is still a lot of room for improvement to change the mentality of some, as there are features that are yet to be developed such as price monitoring, on-the-fly charts when trading, etc. A clear example is PancakeSwap, one of the most used DeFi platforms so far this year, but which nevertheless lacks these features mentioned above. This lack of charts and AMM Exchange tools to monitor price movements makes traders buy tokens at very high prices.

For this reason, I would like to introduce BinanceMax (https://binancemax.net/#/), a project that emerges with the aim of creating a balance between decentralized and centralized exchanges, thus importing all the trading functions used in the centralized exchange within a decentralized exchange.

BinanceMax AMM Exchange

So, in more detail, BinanceMax Swap is 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.

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What is the $BMAX token, and what about its tokenomics?

$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.

Token name: BinanceMax
Token symbol: BMAX
Network: Binance Smart Chain
Total supply: 1,000,000,000,000,000,000 BMAX

How can I buy BinanceMax token?

The steps are very simple. The procedure is the same as for buying any token that is available within the BSC network and in particular that has pairs available in Pancakeswap. So, the first thing you have to do is go to (pancakeswap.finance), go to the left menu to make the trade, connect your wallet where you will receive the tokens, select the token swap you want to make (note that BinanceMax will not appear by default, you can add it via your smart contract → 0x7c98dad92da81d66c0a2235539deb76a3f5ba214), and that’s it!

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Main features

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

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)

Bounty program

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.

Roadmap

Q2 2021

Held the first team and dev meeting toward the development of the project.
Social media and channels creation
Tokenomics and business model development.
Set up a proven marketing plan.
Development of BMax token.
Launch our bounty and airdrop Promotions

Q3 2021

Starting Aggressive marketing our token sale.
Launch a community private sales with a 30% discount.
Burn 20% of the total supply.
Launch a public sale via the Dxsale platform.
Renounced Ownership.
Listing on Pancakeswap.
Start daily lottery for 3 lucky winners.
Start marketing and partnership with top crypto social media Influencers and public figures.

Q4 2021

CMC and Coingecko listing
Project expansion and partnerships.
Hotbit, Whitebit, Coinbit listing.

2022

Launch the first AMM Decentralized Exchange with built-in trading chart and tools.
Launch full governance.
Liquidity mining program for our dex exchange.
Launch decentralized future trading.
Our lending and borrowing platform.
Launch decentralized margin trading with up to 100x leverage.
Submit applications to list BMax on top exchanges.
Whitepaper update

Conclusions

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.