BinanceMax Team combines both traditional marketplace and blockchain-based assets.

Introduction

Governments and countries have their currencies that serve as part of their identity. We can use a currency to identify a particular and understand what they represent. Similar to this, a blockchain project or platform can be identified via its digital asset or token. Hence, this is why all networks within the blockchain and cryptocurrency industry need to create a native token and cryptocurrency, which offers them a presence on decentralized exchanges. Besides this, platforms use their assets to generate revenue for their network, as well as for their users and investors. In addition, tokens are becoming useful in performing multiple tasks and actions within a blockchain ecosystem. Generally, it enables a platform to deliver improved services and solutions to their clients, in terms of speed, transparency, and security. Tokenomics provides a comprehensive insight into the digital asset of a project, with details on the total supply, distribution plan, sales details, and other related information. Users and investors usually have varied options of utilizing the tokens of a network. Some of these utility functions may include the lending and borrowing of the crypto coin, staking of tokens, tokenization of assets, financing, mining, liquidity farming, or other related ones. Acquisition of these tokens may differ from one project to another, however, some popular and common ways include presales, initial coin offering (ICO), airdrops, and bounty programs. BinanceMax, a decentralized finance platform, which is emerging into the market, has developed its digital asset called the Bmax token. This crypto coin is developed on the Binance Supply Chain Network and will operate as the native asset of the DeFi platform.

The Bmax Token

This is the utility asset of the BinanceMax project, which will function as its medium of exchange and payment. Bmax asset is completely owned and controlled by the community members of the network and this proves the dedication of BinanceMax to fostering the strength of its ecosystem. Total governance influencing the use and application of the Bmax token will be dictated by the community, and all forms of central authority will be eliminated. They are certain attributes of this asset that enable it to function optimally for the furtherance of the mission of BinanceMax. It is a self-programmed liquidity generation token. The operation of the Bmax token enables it to act as an automated burning token developed with efficient and profound staking protocols. As a way to generate revenue for the network, BinanceMax charges an automatic 5% tax on any transaction performed using the token. Whether it is a transfer, exchange, swap, purchase, or sale, the tax charge will apply to all.

The development team and founding members created a limited supply of Bmax tokens — 1,000,000,000,000 — and this is targeted at increasing the worth of the coin at a faster rate. With such limited supply and the burning percentage of tokens, coupled with the wide awareness and marketing plan of the team, there will be a rush for the Bmax coins, which will push the price up. After the development of the token, based on the programmed burning feature established by the smart contract, about 20% of the entire supply will be destroyed, decreasing the amount to 800 billion. As investors and users adopt the Bmax token and boost its utility, the total supply will continue to reduce.

Token Distribution

As stated above, the total amount of Bmax tokens in supply is 1,000,000,000,000 (1Trillion). This entire will be distributed for different activities within the project. The circulation plan of this project includes the following;

Token Sales:

This will take 50% of the entire supply of Bmax tokens and will be divided into two parts, public sales, and presales.

Initial Liquidity Fund:

About 10%, 100,000,000,000 tokens, are allocated for this purpose. This will be utilized to raise funds for starting and developing the BinanceMax project. The sales will go through the decentralized finance-based exchanges, without going through the initial coin offering.

Initial Burn Amount:

The team is allocating 20% of the entire supply for burning purposes. BinanceMax intends to use this to increase the price of its token at a faster rate, as there will be reduced supply after the burning process.

Initial Lottery Wallet Fund:

It is part of the roadmap plan of BinanceMax to organize a daily lottery for community members, where they can win tokens for participation. The fund for that activity will take up 10% of the total volume in circulation.

Airdrop and Bounty Token:

The BinanceMax project team will be planning varied marketing strategies to attract more investors and crypto enthusiasts. Bounty programs and airdrops are good examples of publicity activities to increase the awareness of a DeFi platform. About 50,000,000,000 Bmax tokens will be distributed from the total supply for this purpose.

Team and Development Tokens:

Rewards and incentives through this distribution plan will be provided to the management and development team for their dedicated contributions to the growth of the network. This allocation will also fund different development plans deployed by the team. However, the entire 5%, 50,000,000,000, for this purpose will be locked for 1 year and about 10% will be released monthly.

Token Sales Details

The total amount of Bmax available for sales is 50% of the total supply, 500,000,000,000 (500 Billion). Unlike the team and development allocation, there is no locking activity on the purchases. For all tokens not sold after the completion of the presales and public sales period, they will be divided into three different categories; burning purposes to reduce the supply, listing on pancakeswap, and lottery wallet to increase users’ earnings.

During the presales period, the Bmax token will be sold for $0.000001 and $0.00000125 during the public sales. BinanceMax will offer clients and investors a 25% bonus rate on all purchases during the presales.

After the presale and public sale timeframe, also referred to as liquidity and development token sales, funds will be generated and will be used for various activities that will foster the project’s growth and expansion. These activities include;

Liquidity
Platform development
Marketing
Exchange listing
Strategic reserve
Team compensation

USEFUL LINKS ONLY
Website: https://binancemax.net/
Telegram: https://t.me/BinanceMax1
Official report: https://binancemax.net/#/whitepage
Twitter: https://twitter.com/Binance_Max
Discord: https://discord.gg/nY9srxnFTU

AUTHOR’S DETAILS

Forum Username: JacobJacob
Forum Profile Link: https://www.altcoinstalks.com/index.php?action=profile;;u=74970
Telegram Username: @JacobJac
BEP-20 Wallet Address: 0x46ac155C75aA03E49e8e66F2D4eaEB89C8dA0EF4