BINANCEMAX;A MODERN INNOVATION BUILT ON DEFI OPERATIONS.

queentee (31)in #binacemax • 3 years ago (edited)

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INTRODUCTION
BinaceMax is aimed at developing an equal effect and bringing both the significance of both centralized and decentralised exchange to establish a synergy which is consequencial, by including and connecting the characteristics of a centralised exchange into BinanceMax exchange.
Automated Market Maker is a major fundamental feature of the BinanceMax exchange, with the integration of trading charts and tools, presenting future analysis or possible eventualities and borrowing capital at relatively high interest rates to be able to access increase leverage of 100* (Hundred times)designed on Binance Smart Chain Network.
Other distinctive beneficial structures contained on the BinanceMax platform includes;50BNB prize pool, lottery draw on a daily basis, getting rewarded with tokens as a result of locking up assets in the BinanceMax Liquidity pool,Games built on Blockchain as a result of expansion or advancement in BinanceMax Network.
The control of BinanceMax contract address will be transfered. It will also undergo analysis and periodical reviews.

BRIEF REVIEW OF BINANCEMAX FEATURES
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BinanceMax is an Automatic Market Maker,which permits decentralization,and it authorises trading and transactions of digital currency, ensuring protection from danger or attack,hence observing a high standard safety measures by the means of trades created through pools known as Liquidity pool.
BinanceMax AMM (Automatic Market Maker) developed on Binance Smart Chain,makes provision for possibility of farming and staking of token,which attracts additional tokens to be received as rewards,this however adds up to the exchange Liquidity. It also makes possible structures that are predominant to the centralised exchange which includes tools and charts. All end-users having up to the amount of 0.25 BNB BMAX token has the opportunity to benefit and receive bonuses between 5 BNB to 50BNB,utilising the BinanceMax daily lottery. This is achieved by reserving 2% of every transaction to serve for the purpose of financing the lottery premuim pool,with the inclusion of 10% of total supply contained in the lottery wallet invariably with the aim of boosting the daily lottery wallet staking rewards.

BINANCEMAX BLOCKCHAIN
On the BinanceMax Smart Chain,every trade and exchange carried out on BinanceMax ecosystem are distinct and not concealed, this is usually created on the distributed ledger technology which is in operation. Gaining access into BinanceMax Ecosystem can be achieved by making use of web3 validated wallet, which functions as a decentralized system,which means no requirement of signing in with email or password.
Trades, exchanges and all transactions,operates on a secured smart contract and it's security make-up helps to protect stakeholders from accessibility, theft and unauthorized access to funds. The team behind the project established a synergy with the security authorities,bug hunters,by obtaining and understanding the system information for all transactions and balances.

TOKENIZATION
Binance platform token,known as $BMAX,is the utility token for BinanceMax Ecosystem. It is a collective ownership by the investors and holders of token. Token will be burnt periodically. This is done invariably by removing some tokens from circulation. Every reflected token is taxed on every deposit or withdrawal transaction by redistributing a percentage of every transaction to it's holders. The procedure encourage token holders to hold on to their token inorder to earn additional token from transactions of the market. Therefore they receive more token automatically,and thus gain a profit as a result of holding the token.
In order to boost the price of BMAX,BMAX token is reduced to 1,000,000,000,000,with which 20% is burnt and taken off circulation at the point of creation. And as the BMAX community increase,the token total supply will continue to decrease. Unbought tokens are broken up in three categories,with which equal part in halves will be accumulated to the pancakeswap volatility,lottery wallet in order to boost profits from the wallet,and lastly tokens that are burnt.
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TEAM
BinanceMax team comprises of members that are vast and proficient in cryptographic and decentralisation. The team aims at improving the ecosystem security in resistance to attack or danger.
Meet some of the team members;
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