BinanceMax — Revolutionizing DeFi Space

5 min readJul 17, 2021

Introduction

AMMs (Automated Market Makers) enable digital assets to be exchanged without authorization and automatically by utilizing liquidity pools rather than a traditional market of buyers and sellers. Market participants offer various prices for an object on a typical trading platform. When other users deem a posted price acceptable, they make a deal, and that price becomes the asset’s market price. Tornado and other projects have developed decentralized applications that totally anonymize crypto transactions, whilst centralized systems have little or no additional features for offering privacy when compared to decentralized platforms.

Users find it difficult to trade digital assets utilizing AMM (automated market maker) exchanges such as pancakeswap, uniswap, and others due to a lack of automated trading charts and tools. Furthermore, no data to track price movement or indicators to maximize transactions are provided. Due to the lack of charts and tools to monitor price changes on the AMM market, traders are forced to purchase tokens at ridiculously high prices.

What is BinanceMax?

BinanceMax is the first AMM exchange, with integrated charts and tools which also provide future and margin trading on a binance smart chain network, with up to 100x leverage. BinanceMax offers 4 key components to its users,

Daily draw for the lotery with upto 50 bnb as rewards
Digital asset loans and borrowing for margin trading
Liquidity pool farming to gain extra tokens and charges
Blockchain games and more with the growth of the ecosystem.

Key Features of BinanceMax

BinanceMax AMM Exchange

The BinanceMax Swap is a decentralized automated market maker (DAMM) that lets users to safely swap and trade virtual currencies via liquidity pools (LP). The BinanceMax DAMM exchange is developed on the Binance Smart Chain, so users may farm and stake LP tokens to generate additional token and trading fees, therefore adding to exchange liquidity.

Aside from its innovative swapping capabilities, the exchange will provide additional services such as futures trading with up to 100x leverage, margin trading, and a loan and borrow platform for margin liquidity borrowing and lending. The BinanceMAX DAMM exchange will give traders with the same trading capabilities seen primarily on centralized exchanges, such as trading charts, tools, etc.

GMax Lockdrop Product

The lockdrop is a GOMax (GMax) product that attempts to reduce the supply of a certain asset on a regular basis by using smart contracts to lockup tokens via pools and give an upfront incentive in another asset. Current lockdrops are available in 3 different pools, each pool rewards are paid upfront.

VIP Pool — Duration: 6 months
Silver Pool — Duration: 1 year
Golden Pool — Duration: 2 years

BinanceMax Daily Lottery

BinanceMax daily lottery program awards up to three fortunate holders 5 BNB to 50 BNB, as well as other incredible daily prizes, simply by holding up to 0.25 BNB worth of BMAX token.

To boost the lottery wallet daily staking reward, 2% of each transaction will be assigned to finance the lottery reward pool, with an extra 10% of the total supply retained in the lottery wallet permanently. Every day, prior to the lottery draw, team will reveal the prize pool and the number of lucky winners who will split the prize pool. The winners will get their prizes less than 20 hours before the next lottery draw.

Safety & Security

BinanceMax is based on distributed ledger technology, and all transactions on the Binance smart chain network are entirely public and transparent. As a decentralized network, users may only engage with the platform by signing in with a web3 compatible wallet. There is no need for an email or password to access any of the products or services.

BinanceMax handles all transactions using smart contracts and the BinanceMax team has no access to users’ funds or private keys. The BinanceMax Team will collaborate with security teams, security experts, auditing companies, and bug hunters to guarantee that all of the smart contracts and platforms are secure.

Governance

BinanceMax is 100% owned by the Community

BinanceMax’s basic concept is that every token holder in the ecosystem should be able to participate in decision-making. This ensures that no single individual has control over the Project, as well as optimum uptime, functionality, and security. The BinanceMax Core Team will initially direct and develop the project. As the BinanceMax ecosystem expands, governance will naturally shift to community members who own the governance token.

Anyone in the community can propose modifications to the ecosystem, which will be processed through a vote. All token holders will have an equal say and rights in the vote, regardless of the quantity of government tokens they own. This is done to prevent bigger token holders from seizing complete control of the project.

What are BMax and Gmax Tokens?

The BMax token serves as the utility token for the BinanceMax project, whilst the GMax token serves as the governance token, directing the ecosystem and granting users the ability to vote and make choices in the BinanceMax ecosystem. The supply of the BMax and GMax tokens is extremely limited and constant. The supply can only reduce, not increase, BMax deflates per every transaction, while GMax supply is burned down on a regular basis by the team via a buyback mechanism.

BMax has a total token supply of 1 trillion while the GMax token has a total supply of 10 billion tokens without any tax function. By securing assets on the GOMax lock-down platform or through other GMax goods and services, users may get more GMax.

Token Supply

BinanceMax Roadmap

BinanceMax Team

The team includes blockchain experts, smart contract developers, financial experts, marketing experts and businessmen with a strong love of cryptocurrencies and decentralization.