BinanceMax; A Decentralized Platform Featuring Centralized Platforms

BinanceMax

BinanceMax is the first decentralized exchange to integrate the features of centralized exchanges, and still retaining its decentralization. Imagine seeing Binance-like bar charts on Uniswap/PancakeSwap. That is exactly what I mean, and even more features. BinanceMax also offers futures and margin trading with up to 100x leverage, yet, it is built on the Binance Smart Chain.

Core Features Of BinanceMax

Security and Safety: Built on an existing distributed ledger, BinanceMax’s transactions are absolutely visible and transparent to everyone through the Binance Smart Chain Network. Users do not need to provide an email address or password to access any of the BinanceMax products or services. Users can rather have access using the web3 enabled wallet provided by BinanceMax.

  • Decentralized futures up to 100Γ— leverage and margin trading
  • Decentralized lending and borrowing platform for leverage trading
  • 100% owned by the community as contract address ownership gets renounced
  • Daily lottery (Each day up to 3 Bmax holders will win 5 to 50 BNB worth of Bmax daily through
    lottery draws), etc.

The BinanceMax Token

BMAX is the native token of the BinanceMax platform. It is a self-automated liquidity-generation and auto-burning token with a unique staking mechanism. There is also an automatic 5% charge for every transaction involving BMAX. With 1,000,000,000,000 (1 trillion) as its total supply, 20% of the total supply will be burnt, and even as the auto burn feature has been set, this will help by increasing scarcity and value.

Tokenomics

Total supply - 1,000,000,000,000 (1 trillion)

Conclusion

BinanceMax has proven to be an outstanding platform that offers centralized exchange features even as a decentralized platform. With the prementioned amazing features, BinanceMax has the potential to scale through. Hopefully, newbies and even old traders will find the BinanceMax platform friendly and easy to access/use.

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