Saturday, July 20, 2024

Smart Contract-Based DApp BNBXMAS Begins Operations

According to online news sources, the smart contract-based decentralized application (DApp), BNBXMAS, has reportedly begun its operations from this Christmas season. The DApp, which has been built on the Binance Smart Chain, essentially allows people to make investments in cryptos. The company has said that the DApp has been created to derive the most value out of the Binance Smart Chain without having to invest excessive amounts of resources and time. The users of BNBXMAS will be able to start their investments from a meager amount of 0.01 BNB, after which they can start generating profits. On December 27, 2021, the company reportedly stated that by depositing in BNBXMAS, the people would be able to get better returns on a daily basis, which can range from 7.8% to 17%.

In a recent news interview, BNBXMAS reportedly said that there has been a surge in the blockchain activity of the Binance Smart Chain (BSC) in the past few years. This change has been observed in decentralized applications, token swaps, decentralized currency markets, and non-financial tokens. The firm added that the most interesting aspect of the Binance Smart Chain is that enables atomic exchanges across the chain. Besides, the prices for charging gas are also quite cheap as compared to other blockchains.

The company has said that it is mindful of the security of the smart contract. According to an audit report, the app has no backdoors, flaws, or fraud scripts, which makes it completely secure. With the success enjoyed by similar types of DApps in recent times, the BNBXMAS is reportedly going to become one of the best yield farming decentralized applications on the Binance Smart Chain.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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