BINANCEMAX: A NEW REVOLUTION IN THE DEFI SPACE

5 min readJul 19, 2021

A cryptocurrencies is a high level or virtual money that is gotten by cryptography, which makes it practically hard to phony or twofold spend. Various cryptocurrencies forms are decentralized associations reliant upon blockchain advancement — a scattered record maintained by a one of a kind association of PCs. A portraying feature of advanced types of cash is that they are overall not gave by any central position, conveying them theoretically protected to government deterrent or control. Cryptographic types of cash, for instance, Bitcoin are progressed financial norms not supported by real assets or generous securities. They are traded between consenting social affairs with no agent and followed on cutting edge records.

A smart contract is a special type of instructions that is stored on the blockchain. And it also has the ability to self-execute actions according to a series of parameters already programmed. All this in an immutable, transparent and completely secure way.
They are “scripts” (computer code) written with programming languages. This means that the terms of the contract are pure statements and commands in the code that forms it.
They are the safest programs ever created in humanity and only fail when they are poorly programmed.

Decentralized Finance is the name that is defining a great trend that is taking place around blockchain technology in recent years.

DeFi seeks to develop small traditional financial pieces but with an extra degree of transparency and decentralization. These small pieces, as if they were Lego pieces, are combinable with each other, in order to develop an entire ecosystem of small solutions that together form a great solution for finances that invalidate the need for centralized and opaque financial financial institutions that they no longer add value.

That is the idea that has driven the creation of the term “DeFi”, and the one that has taken its evolution to the present point. In fact, today it is impossible to ignore the towering impact that DeFi has on the crypto world. For that reason, we open a space to know what DeFi is and how this idea is changing the global financial world.

DEFI

Decentralized Finance is the name that is defining a great trend that is taking place around blockchain technology in recent years.

For this reason, I would like to introduce BinanceMax Swap (https://binancemax.net/#/), is a decentralized automatic market maker (DAMM) that allows users to securely swap and trade digital assets through liquidity generated via pools called liquidity pool (LP).

Farm and Stake LPs tokens to earn more token and trading fees, there by contributing to the exchange liquidity, the BinanceMax DAMM exchange is built on the Binance Smart Chain.

Apart from its unique swap features, there are other products that will be available on the exchange; these includes, futures trading with up to 100x leverage, margin trading and as well as a lending and borrow platform for margin liquidity borrowing and lending.

The BinanceMAX DAMM exchange will provide traders with the same trading features used mostly on centralized exchanges; such as trading charts, tools, and indicators, there by solving the common

A NEW REVOLUTION IN THE DEFI SPACE

The token is named $BMAX, is builit on the binance smart chain (BSC), this project is the first decentralized AMM exchange with builit-in trading charts, indicators and tools. With a margin trading with up to 100x leverage and daily lottery draws .

In addition there are many characteristics to be restored:

100% eco-friendly: uses automated farming technology with every transaction.
Lottery wallet: the 2% of fees go to a unique lottery wallet for daily lottery winners.
Holding: Any transaction within the BMAX contract, a 5% tax will be charged, part of which will go to the token holders as a reward for holding the token.
Low token supply: The supply of BMax will be 1 trillion of tokens, which helps to increase the price of BMAX more than another meme projects.
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.

HOW TO GET FREE $BMAX TOKENS?

To earn free $BMAX tokens is simply by doing some tasks on social media and reading the rewards program explained in the following Bitcointalk thread here (https://bitcointalk.org/index.php?topic=5345498.0), where you can access the link and see the conditions to become an BMAX investor early and start acquiring tokens.
You can also keep an eye on their official Telegram channel (https://t.me/BinanceMax1).