Yesterday during the MAXX Finance Live on our YouTube, we had an important discussion!

We discussed Blockchain Security & DeFi Security.

Don't get upset if you missed the livestream, you can still watch the video!👇

https://youtu.be/n5WVfsjGvKw

MAXX Finance Monthly Recap — Q2 — July –2022



We have been developing very rapidly and have lots to show for the progress of MAXX Finance, We will be doing weekly and monthly recaps from now on to allow our community to stay up to date with our progress.

MAXX has been fully immersed in setting up the foundation for how we operate in July, by creating a structure and plan for all of our activities across the board. As well oiled and operated group we can attack any challenges that lay ahead of us. Whether it is marketing or development challenges, MAXX is ready.

July feels like it has lasted a year, between launching the MAXX website, finishing the smart contracts, starting the testing of the smart contracts, and reaching some unfathomable goals in growth MAXX is sitting at a primed place to take on AUGUST and grab the market by the horns!

Our social presence has grown exponentially, growth came from just public appearances and social media giveaways of our Genesis NFT. We have a lot of partnerships lined up and the Genesis NFT giveaway is very close to being over we will start a new lead magnet to attract people to our project!

A little on the dev. side of things —
We have two groups that will be doing the smart contract audits — Certik & Solidity finance, currently we are in the UI testing and will be doing a first round of public bug bounties and public testing of our smart contracts and UI.



MAXX Launched the affiliate influencer program which is created for allowing influencers to create content and get compensated for it through our MAXX influencer allocated fund. This has been driving influencers to create content around our project, and we believe that once launched this will only get bigger and better.

Our community engagement is growing day by day, and we plan on running multiple live streams, twitter spaces, and clubhouse per. week and to bring you value through this content, not just shill our project.

The biggest part of the month was the welcoming of Polygon (MATIC) and MAXX’s partnership with Polygon. Polygon network will fully support MAXX Finance through the launch! We will be doing lots of engagement AMA’s and events with them. They will also have a spot for us on their website.

We still have a lot more work to do, but we are proud of the team that is building this amazing project! Don’t forget there is no little or too much that you can do to help, be sure to share and like all of our posts. Repost them on your pages, and help share the information with friends regarding the biggest protocol to launch the most amazing staking system EVER!

Welcome to the future of DeFi Staking!

The MAXX Finance Utility Focused video is up on our channel

Follow the link to learn more! Don’t forget to subscribe to the channel and enable notifications, if you don’t want to miss our new videos and weekly livestreams!


https://www.youtube.com/watch?v=-rW7uyVq9Zc&t=7s&ab_channel=MAXXFinance

A new broadcast on our Twitter Space will take place soon on 11th August 2022 at 9:00 am EDT! We’ll discuss the most pertinent topic that every crypto user has concerns about: security. Make sure to tune in on time.

https://twitter.com/i/spaces/1yoKMWyAZONJQ

We really appreciate the attention of every member of our community. We understand that we have a lot of work to do to launch and develop our project. Please follow the news.

Attention MAXXians! Our Genesis NFT reservation program has been a huge success & today it’s coming to an end!

We would like to thank every single one of you, the early adopters of MAXX Finance!

Meanwhile, we've got something exciting coming up, which we will announce shortly. Stay tuned and follow our channels.

Screw the moon! Together we’re going to the rings of Saturn!

Preparing for the next Live on our YouTube Channel!

Livestreams with our project’s architect, МАХХ Alpha on YouTube, have become a tradition at MAXX Finance. This week is no exception: the livestream titled: Blockchain Security & DeFi Security will take place on 10th August 2022  at 9:00 am EDT.

Don’t miss it! Join the conversation and ask your questions in the chat.

https://www.youtube.com/watch?v=n5WVfsjGvKw&ab_channel=MAXXFinance

A New Hybrid Yield Aggregator



MAXX Finance is elevating the standard of traditional staking/yield farming systems we have seen in the past by focusing on high performance and efficiency. By applying innovation to pre-existing staking protocols we have created a cutting-edge ecosystem that rewards users for removing their tokens from circulation. In addition, MAXX has improved the tokenomic system of staking to reward the staking class and simultaneously combat inflation through deflationary measures.

People love staking and yield optimizing platforms. With MAXX we a building a protocol from the ground up to allow users to maximize these returns in an innovative and unique way. — Alpha

What is crypto staking?

Crypto staking is an activity where a user locks or holds funds in a cryptocurrency wallet to participate in maintaining the operations of a proof-of-stake (PoS)-based blockchain system. Crypto staking is similar to crypto mining in the sense that it helps a network achieve consensus while rewarding users who participate.

In staking, the right to validate transactions is determined by how many coins are “locked” inside a wallet. However, just like mining on a PoW platform, crypto stakers are incentivized to find a new block or add a transaction on a blockchain. Apart from incentives, PoS blockchain platforms are scalable and have high transaction speeds.

What is yield farming?

Yield farming allows investors to earn yield by putting coins or tokens in a decentralized application, or dApp. Examples of dApps include crypto wallets, DEXs, decentralized social media, and more.

Yield farmers generally use decentralized exchanges (DEXs) to lend, borrow, or stake coins to earn interest and speculate on changes in price. Yield farming across DeFi is facilitated by smart contracts — pieces of code that automate financial agreements between two or more parties.

The problems

Yield Farming & Staking can be a very profitable endeavor, however, it’s not without risk. The cryptocurrency ecosystem can be highly volatile, by staking or providing liquidity to multiple pairs you are essentially at risk.

Potential risks:

Impermanent Loss — It is very common that LP (liquidity providers) can experience impermanent loss during holding multiple pairs during a volatile market. Staking rewards and yield farming might not be viable if the underlying assets you are holding have experienced price drops equally. This is a very common issue with being an LP provider.

Regulatory Risks — Cryptocurrency regulation is still shrouded in uncertainty. The Securities and Exchange Commission has declared that some digital assets are securities, putting them within its jurisdiction and allowing it to regulate them.

Rug pulls, market volatility, and smart contract hacks are some additional risks associated with staking and providing liquidity to multiple different projects.

HODL has been a long-time motto of the crypto space, which every investor should consider since it generally works as a viable strategy. However, holding BTC for a year without staking it will produce no return, which is a shame when some protocols & platforms offer 15–20% APY while you HODL — Alpha

The MAXX Solution

MAXX Finance has taken the best of both worlds with a hybrid yield-aggregator staking system that is designed to remove risk from you, the end user. This allows users to have an all-in-one staking ecosystem to interact with and earn guaranteed yields without the risks associated with yield farming, or staking.

Creating A Storage Of Value Ecosystem

By building on a L2 (Layer 2 blockchain) MAXX is not required to verify transactions since the L2 does this for a fee. We have created a staking system that is intelligently implemented and allows users to earn rewards by staking MAXX.

Essentially we operate like Bitcoin’s storage of wealth ecosystem and allow for users to facilitate transactions to and from wallets while giving rewards in the form of $MAXX to the staking class. — Alpha

Removing the middle man

MAXX encourages users to remove their coins from CeFi (Centralized Finance) CEX (Centralized Exchanges) and enter the DeFi (Decentralized Finance Space) instead to reap its unique benefits. DeFi is the best place to be in the crypto sphere, as you own your own wallet keys and coins which solely belong to you, not an intermediary party, which helps to remove any counterparty risk.

With MAXX the coins never leave your wallet, you are always in control of the private keys and can buy, sell, or cancel the stake at any time. This allows you to hodl while the protocol is pre-programmed to pay out a yield that is gathered from the global blockchain of MAXX.

You sleep better at night knowing that the valuable assets you have are not in someone elses wallets — Alpha

Discouraging trading activities

Every trader will tell you, that there are wins and losses when trading crypto or any other asset class. By staking your crypto you are effectively reducing potential loss to your holdings since a smart contract locks up your coin, similar to putting your money in a piggy bank. You can end your crypto stake at any time, however, the system is created to encourage you to fulfill your obligation and wait for the full term of your stake to reap the maximum benefits. Ending your stake early is always an option but you will incur a penalty by doing so.

95% of traders are not profitable, while the remaining 5% require at least 3 years of trading to become profitable. Are you part of the 5%? — Alpha

Providing Risk-Averse Environment

By removing the need to stake two or more paired crypto assets, MAXX removes the need to chase the best yield proposition from other platforms. By using the MAXX token within the stake constantly rebalancing the portfolio is no longer necessary.

MAXX gives you the ability to earn a GUARANTEED amount of yield unlike other L2 staking systems that offer 5–13% APY, nearly half of what MAXX can guarantee.

How MAXX is gamifying the system.

Yield Aggregation

Safe and steady deflationary measures allow us to operate in a safe and predictable manner. We dedicate a percentage of liquidity that is specifically allocated to owning validator nodes across top L2 platforms such as ETH, BSC, FTM, MATIC, & more.

LP Providing popular protocols

The second layer is to create LP pairs of popular protocols to constantly provide liquidity & yield farm the crypto ecosystem. Without having to worry about the downside effects or focus on a very short time frame we are able to constantly capture tangible yield to distribute between the MAXX Vault.

Careful Risk On & Risk Off Strategies

We will have an overall macro outlook on the market determining the market condition and focusing on long-only holdings that are never leveraged. These assets will be held in a multi-signature wallet that will allow us to have maximum protection. The strategies will come from AI technology that will give us clear information about the cycle of the market with the ability to take risk on & risk-off strategies to capture the maximum amount of gain during a bull or a bear market.

MAXX TX TAX

MAXX uses a dynamic tax implementation system that contributes to the deflation of the entire protocol & chain to generate revenue for the protocol. It will cost a small fee to process transactions on MAXX, but in the long term, this will benefit the overall protocol and allow all users to benefit from the deflation.

MAXXVault

MAXX will constantly be building further on the platform through our community-voted Vault system. The vault is designed to burn tokens, pay for marketing, as well as fund further development of the protocol.

The MAXX Staking system is designed to remove supply from circulation and reward users by doing so. With MAXX you can safely hodl while you own your own wallet keys, which will create lots of positive price action and price appreciation in the future. We have multiple data sets and points that prove that this system will be sustainable well into the future providing a long-term staking solution for yeras to come.

The MAXX team is grateful for the support of our community as we continue to develop this much-needed solution. Join our telegram and follow our socials in order to stay up to date with our project.