Blockchain's innovation has led to the creation of decentralized exchanges (DEXs) to enable cryptocurrency traders to trade easily and safely. With decentralized exchange there is no need for a third party, another thing is that it makes use of a peer-to-peer system through an open-source method which is used in facilitating its transactions. Unlike the centralized exchange, DEX has proven to be a game-changer in terms of providing smooth and reliable crypto trading services.
In addition to that, it also has many advantages over the centralized exchange. In contrary to a centralized exchange, DEX allows users to be fully in charge of funds and accounts. Apart from ensuring that users' privacy, as well as personal data, are well protected, it also makes transactions anonymous which makes it difficult for hackers to track. Furthermore, DEX is cost-effective as it does not charge much on transaction fees, nor does it deduct users' funds all in the name of maintenance fees.
Traders and investors are now shifting their focus on a type of DEX which is known as Automated Market Maker (AMM) such as Uniswap, Bakeryswap, Pancakeswap, etc. Despite AMM’s achievements, they are still faced with lots of challenges such as lack of automated trading charts and tools, absence of data to monitor price movement, lack of an indicator to help users to maximize their trades, etc. Apart from making it difficult for users to trade their assets with ease, these challenges also make users to be buying digital assets at a very high price.
All these challenges have to be solved if users are to enjoy their trading activities on such exchanges. But not to worry, for there is one reliable and powerful AMM exchange that provides solutions to all of these issues and that is the BinanceMax.
BinanceMax- Providing Cutting-Edge Solutions To The Challenges Facing The Current AMM Exchanges
An AMM is defined as a type of decentralized exchange protocol that utilizes a mathematical or precise formula to price digital assets. Unlike the traditional exchange that makes use of the order book, AMM does not rather digital assets on the exchange are priced in agreement with a pricing algorithm. BinanceMax is a distinctive Automated Market Maker that is designed to provide users with a trading experience like never before. It has both trading charts and tools as its integral part which other AMM exchanges lack.
As an AMM exchange that is built on Binance Smart Chain, BinanceMax is very innovative providing its users with up to 100x on futures and margin trading. Its user-friendly interface makes it easy for users to smoothly swap their assets just in a few clicks. BinanceMax possesses the full features of a true DEX and offers users the advantages which decentralized exchanges are known for such as users' privacy, personal data security, low charges, etc. Trading on this top-notch platform is safer and it saves users from buying digital assets at a higher cost.
What makes BinanceMax more interesting is its visions and goals. It is the first and only AMM exchange that is focused on building a balance between DEX and CEX (centralized exchange) to give users the best. And this is achieved by introducing all the positive features of a centralized exchange into the BinanceMax which is a decentralized exchange, thereby making it the most credible and leading AMM exchange platform in the world. There is no need for any signup or whatsoever, all that is required is an internet-enabled smartphone or computer with a decentralized application (dApp) to access and enjoy all that this one-of-a-kind exchange offers.
BinanceMax- Making Digital Asset Swapping Faster And More Efficient
BinanceMax allows users to swap and trade their tokens or assets in a highly secured environment. From the liquidity obtained or generated through the liquidity pool, users can confidently and securely swap their digital assets. More importantly, users will be able to make more profits by earning more tokens and trading fees for free by simply farming and staking liquidity pools tokens. These free tokens are a reward that is used to encourage liquidity providers for their contributions to the BinanceMax exchange liquidity.
As the largest and most reliable decentralized automated market maker, BinanceMax allows its users to unlock their different trading experiences by giving them seamless access to in-built trading charts and tools. BinanceMax AMM exchange has proved beyond reasonable doubt that it is one of the most eye-catching and impactful decentralized finance innovations that provide the users with cutting-edge solutions to the challenges facing the current AMM exchanges.
Additionally, BinanceMax will offer users various modern financial products and services as well as providing them with a unique and suitable borrowing and lending platform that will enable them to borrow and lend margin liquidity any time they want. By integrating trading features that are utilized in a centralized exchange, BinanceMax users will have everything they need to achieve their financial goals in one single trading platform.
What Makes BinanceMax Unique And Exceptional
- It comes with excellent trading charts and tools.
- It offers users up to 100x leverage on futures and margin trading.
- It provides a platform where users can lend and borrow to leverage their trading.
- It utilizes farming pools in providing liquidity for swapping.
- It is fully decentralized as it is 100% owned by the community.
- It is audited by a renowned professional auditing company.
- 1-year vesting of the team’s token will be unlocked at the rate of 10% monthly.
Amazing Features Of The BinanceMax Exchange
There are many features that make BinanceMax outstanding. They include:
- A daily lottery draws for token holders.
- Digital asset lending and borrowing can be used for margin trading.
- Earning extra and free tokens and fees by farming on the liquidity pool.
- Fun-filled blockchain-based games, etc.
About The BinanceMax Daily Lottery
The BinanceMax daily lottery is a program designed to encourage token holders. Here up to 3 holders who hold from 0.25 BNB worth of the BinanceMax token are selected at random and are rewarded with up to 5-50 BNB as well as other interesting prizes. The lottery reward pool is funded from 2% that is generated from every transaction, and also from the token total supply, 10% is reserved forever in the lottery wallet which is used in increasing the reward pool every day.
Announcements regarding the lottery draw and the number of winners that will share the reward pool are made before the lottery draw daily, and the lucky winners will get their reward less than 20 hours before the start of the next draw. To be part of this innovative program all users need to do is to buy and hold at least 0.25 BNB worth of the BinanceMax token and make sure that the tokens have not been sold or transferred for the past 5 days. The random selection will be based on the ranks of the holders on the bscscan website.
The BinanceMax token (BMAX) is a BEP-20 token built on the Binance Smart Chain Network. It is a valuable utility token that is 100% owned by the community. One thing about this viable token is that, apart from being a token that generates liquidity in a self-automated way, it is also an auto-burning token. It uses a smart as well as a reflective staking mechanism and every transaction comes with an automatic 5% tax on it.
The token's limited supply of 1,000,000,000,000 (1 Trillion) BMAX is essential in building up the token's price faster. 20% of the BMAX token supply is meant to be destroyed upon token development thereby taking the supply to 800,000,000,000, according to the auto-burning process of the smart contract, the more people use the BMAX token the more the supply will be reduced.
In every ecosystem, the system of governance is always essential. Since BinanceMax is owned totally by the community, it desires to ensure that token holders take part in the decision-making rather than relying on any individual or entity. This will go a long way in ensuring that a full decentralization of the BinanceMax ecosystem is maintained, thereby making sure that the project will not be controlled by a single individual or person which will, in turn, make it more secure and functional.
It is imperative to know that the BinanceMax team will be in charge (guide) at the initial development stage of the project, and as the project increases in size, the governance will then be shifted to the token holders organically. Any suggestion for a change in the ecosystem will be decided through a vote to ensure that those holding more tokens will not hijack the control of the project and every token holder has the right to make a suggestion and to participate in the voting.
DEXs are well known for their security prowess and this is why the BinanaceMax AMM has put security at the top of its priority. Being built on Binance Smart Chain makes it transparent and scalable. All the transactions are handled via the smart contracts, funds are securely locked on the same smart contracts which means that funds and private keys are only accessible by the users and not the BinanceMax team.
To seamlessly access all the products and services of the BinanceMax, users are only required to sign-in on the platform through web3 enabled wallets and nothing more (no email, password, etc). BinanceMax is just the modern and innovative AMM exchange that traders, investors, and the world at large have been waiting for. So be a part of it today and say goodbye to all the troubles and challenges of the current AMM exchanges.
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