MAXX Finance - Most reliable Staking Dapp is coming soon

[Maxx Community]

We are continuing in showering you with our exciting announcements, and this time it is is about how Maxx is launching into its Amplifier Stage soon! Join the Whitelist if you want to stay on top of our news and not miss this event. To learn more about the launch, click here.

https://www.youtube.com/watch?v=lWGfxgdQiqI&t=19s&ab_channel=MAXXFinance

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[Maxx Community]

Smart Contract Security Audit Schedule



Security in a smart contract and protocol is probably the most important thing that you should focus on. MAXX is no exception when it comes to focusing on security we take it very seriously, to say the least. In order to ensure that the community of MAXX finance is safe from any exploits or hacks we will be running the security audits in 3 stages.

1 — Public Bug Bounty Hackathon — A public offering to test and hack the smart contract with rewards up to $25,000

2 — Community Testing — A community available portal to run the protocol in testnet and find issues or problems with the platform

3 — Third Party Auditors — We will hire 1–2 third party auditor groups that will do the smart contract testing for MAXX Finance and create a audited report.

MAXX Finance has 2 primary contracts that are going to be created. The first contract will be the distribution of $MAXX to the community this is called the liquidity amplifier phase. This smart contract is fairly straight forward and will not require a security audit as the sole purpose of it is to collect $MATIC & Distribute free $MAXX tokens to the users. Below is an explanation of how this process works.

Liquidity Amplifier Phase Smart Contract — This contract specifically handles the distribution of $MAXX utility tokens which will allow you to enter a lobby over a period of 60 days to forfeit your $MATIC (POLYGON) Coin for your FREE $MAXX utility token. This contract will be responsible for the whole event of this exchange.

During this 60-day process, the second smart contract which is the MAXXStaking contract will be tested through a public bug bounty program that will give rewards to users in the form of payments USDT / USDC.

MAXX Staking Smart Contract — The staking contracts function is to allow users to remove the tokens from the supply and choose a duration in which they lock up their tokens in a smart contract & earn rewards in the form of $MAXX tokens. This is the primary function & the utility of MAXX tokens.

We will offer as much as $25,000 bounty programs to find flaws in these smart contracts. This will allow us to thoroughly test the smart contract prior to the ‘minting’ day of the liquidity amplifier phase.

Once we are done with this testing process, both internal & community testing is complete we will see if there are any issues that need to be resolved and changes to the smart contract completed to then send it off to the next & final steps which is to have both Certik & Solidity Finance complete their third party private audits.

MAXX believes this is the best way to launch the protocol and ensure MAXX security to the community.

For more updates follow our twitter.com/maxxfinance

[Maxx Community]

Congrats to the winners!

Yesterday on our Twitter Space, we announced 5 more winners who will receive 50 x $MATIC on their wallets. Please find below the nicknames of the winners in case you missed the Twitter Space:
 
Shogo Tokuda
Jonathan
Md Motalabe Hossain
Elyn Gem
Damian Szymański

[Maxx Community]

It's Monday, but something's missing? Probably because you haven't watched our new YouTube video yet!

As part of our weekly video tradition, we're releasing a new video every Monday - click on the link to watch it!

Feel free to comment with your thoughts.

https://www.youtube.com/watch?v=G1tgEbenBOw&ab_channel=MAXXFinance

[Maxx Community]

Our weekly Twitter Space discussions cover a wide range of important and interesting topics.

We will be doing a live stream this week on Thursday at 10 am EDT to discuss Taxes + Supply & Demand. Come to our livestream and ask questions.

We will announce the grand giveaway winners during the livestream. There is a chance that one of the hundred winners will share the 5000MATIC with you.

Join us for our discussion https://twitter.com/i/spaces/1DXGyvmNkXNJM

[Maxx Community]

The MAXX Tax & Demand



Taxes, Taxes & More Taxes! There are two things you can’t avoid in life, death & taxes. MAXX Finance ecosystem taxes are created specifically to benefit the community that interacts with our token as a whole and here is why.

The MAXX Gamified Ecosystem

The innovative protocol behind MAXX Finance is the internal staking system. This system is gamified to create three necessary things to keep any project ticking, one is to create a demand for tokens and the second is to continue to fuel the deflationary vault which combats inflation & gives MAXX the ability to be backed by utility.

Supply Shortage — By creating stakes on the platform the user is removing supply for circulation. This immediately creates a situation that forces the price action up. The demand goes up and people start to pay more for the limited available tokens on the market.

Since the user will be able to start & end a stake willingly at any point they choose MAXX has implemented a small trade tax to encourage users to wait to create larger trades to get taxed less & penalties for those who decided to end stakes early. The ultimate goal is to keep the staking class staking to keep the supply out of circulation as long as possible. So the longer you stake the more MAXX tokens you earn and the fewer penalties & taxes you pay to the point where you may not be taxed at all!

Taxes — There will be buy/sell taxes that will scale down as the users trading volume grows — If you are trading low volume you will be forced to pay up to 2.5% per transaction but this dynamic tax system will encourage larger transactions which may encourage users to wait for multiple stakes to mature before selling.
EX. If you trade 500–5000 = 2.5%
5000–10000 =drops to 1.5%
10,000–50000 = Drops to 1%
50K+ = TAX FREE
(Subject To Change)

Penalties — Since MAXX is a completely decentralized system the user will always decide when to start a stake or end a stake even if this means ending a stake early. Since the user will be withdrawing early there will be a penalty that will be dynamic based on how early the stake will be canceled.
EX. If you end your stake early, you will be penalized a proportionate amount of the Principal + Interest
End at 80% of stake term, penalized 20%
End at 70% of stake term, penalized 30%

We believe this is the best approach to ensure larger liquidity and encourage users to stake for longer while waiting full term without having to jump in and out of the stakes causing disruption to the supply. This will ensure positive price appreciation. Ultimately these taxes & penalties are being sent back into the ecosystem which will fuel the MAXXVault which will grow this project to be the biggest self-sustained staking project ever created.

[Maxx Community]

Why price of a coin/token doesn't matter

Many people don't seem to understand the matter of supply and demand. For example;

People are losing their shit over the BTC that will be distributed to the MtGox customers. Yes there's a chance that some of this BTC will hit the market, dragging the price down (subsequently dragging the entire market with it). However, it's important to see the complete picture;

In a few short weeks we will see a further meltdown of ALL markets. Capital will behave like a rat, trying to flee to all the nooks and crannies that will pay out a decent yield. Crypto neatly fits in this category. Why are the "Big boys" entering this market, while were are freaking out and losing our shit?

Let some MtGox dudes sell their BTC! They have been eating shit for years and they deserve a break. There's enough demand for BTC and decent alts out there. So it's not all as bad as it seems my dudes!

[Maxx Community]

DeFi doom loop: supply and demand

The last few months of DeFi 1.0 meltdown has shown u just how quickly this space evolves and develops. We went from "food tokens" degen yield farming, to more serious purpose built platforms.

Aside from LUNA debacle, why did most DeFi platforms go to shit? Why do current airdrops suck? There's something fishy going on with supply and demand tokenomics. When you're dumpster-diving for the next "hot" altcoin, keep this in mind, because nobody has cancelled the good old laws of supply and demand yet.

No matter how cool and "sustainable" the project is, if there are no buyers on the other side, you're pretty much fucked! So it's pretty damn evident that the tokenomics and the real world use-case should reflect the very reason WHY anyone should buy and hodl the token you're researching. Currently most DeFi sucks! The good news is that from these ashes the DeFi 2.0 will emerge and take the world by storm in ways we can't even imagine.

Sounds like fantasy? Why do you think traditional financial institutions are licking their chops and getting into crypto? Lots to ponder here...

[Maxx Community]

MAXX Q3 August 2022



We are so close to launch that you can almost feel the staking rewards coming to you in the MAXX Ecosystem, The MAXX team which is currently at over 20 people strong is working in full effect. Just like any great story nothing comes easy and requires lots of diligence to keep pushing to the final product and during our process we have had its ups and downs but nothing can ever stop MAXX from launching!

MAXX is preparing to deploy! Amplifier Stage Imminent! Dont panic! But Buckle Up!

This past month the primary goal of MAXX Finance was to create the ‘product’ that we have cradled to this point. The carefully crafted tokenomics which has been backtested was finally programmed and smart contracts were delivered in August. So what now?



The next steps were to have the dashboard linked to the smart contracts while we build the UI/UX based on our mock-up design & specifications. But just like any wounderland fairytale you don't just run up into the castle & sweep the princess off her feet and lead her into the bedroom to take her pans off… you need to fight a few dragons & kiss a few frogs in the process. The dragons we fought and won! We were forced to pivot with the previous front end developer of the dashboard due to incompetency to meet deadlines which at first was a bit worrisome to say the least… Ultimatly we were able to find two private developers which are doing a better job than the first one would have ever done. Which is a win, win!

This is a reminder that anything that happens always happens for a good reason unknown to us. The job is being done in a better more experienced way and this only benefits MAXX the users of the ecosystem.

The smart contracts have been vigorously tested the past month and we are testing and working out the UI/UX of the dashboard panel. The goal is to have the fully functional product available and launched this month so we are not thinking about making a fancy front-end website but more about the functionality and user journey of the panel.

The main website and front-end dashboard panel can always be upgraded into V.2 and beyond versions but the V.1 version will be the one we launch with and we think the dashboard appeal is pretty good at this point. We plan to have the front end website redone by the end of the LA (Liquidity Amplifier)



The dashboard panel is going to be the user facing panel that does everything and interacts with the main contracts all of this is wired & ready to go. Even our simple front facing website is just there for information as the dashboard is the most important part, plus the smart contracts. So cut us some slack ;P

The next step is to do the Audit of the smart contracts & KYC process so that the community & users will be comfortable interacting with the contracts and our platform. With this we are going to be green lit to launch MAXX Finance!!!

To be notified about the launch of MAXX you must be signed up to our whitelist!

During this time we will be running all of our campaigns 360 degree marketing plan, livestreams, twitter spaces, club houses, and any other platform we can tell the world about our amazing project!

Some of the notable achievements we have reached:

Telegram: 9,500 Members
Twitter: 14K Followers
Engagements: over 1 Million views across our platforms

☑️ MAXX tokenomics programmed
☑️ Smart contracts were delivered
☑️ Smart Contracts vigorously undergoing testing
☑️ Final UI/UX mock-ups of the Dashboard done
☑️ Prelaunch Giveaway started
☑️ Community GEO expanded
☑️ New members adding into whitelist
☑️ New Engagement Channels Mix
☑️ Systemized content deployment
☑️ Dashboard vigorously tested

Although we are very close to launch we encourage you, the community to help contribute to the project! Talk about us and spread the word! We are launching soon! But don't panic!

[Maxx Community]

DeFi and Web 3.0 - The new financial system

In the past, the large institutions have openly criticised crypto and blockchain in the same way that many fossils used to criticise the internet.

Now apparently they are all moving in on the action. There’s now even open talks about the arrival of the CBDC’s that will be blockchain based of course!

It’s clear as day that Decentralised Finance and Web 3.0 is not going anywhere. In fact, it’s beginning to look like it will be the backbone of the entire financial system. Many traditional finance guys have a hard time understanding it. We see it very clearly!

Financial products like NFT’s, blockchain based currencies and the lot. I wonder how many “middlemen” will be kicked out of their cushy seats because of DeFi and Web 3.0. Do you see real estate agents, notaries and sales agents flipping burgers because their jobs became obsolete? I do.

What do you guys think about DeFi and Web 3.0 taking over the world?

[Maxx Community]

MAXX Finance now on CoinMarketCap & CoinGecko

Just like that the project which we have spent over a year planning is indexed on CoinMarketCap & CoinGecko. Just another milestone in the major things that are coming to this already amazing protocol is being able to publicly index it and have the world see the verifiable information from our blockchain staking protocol.

https://coinmarketcap.com/currencies/maxx-finance/
https://www.coingecko.com/en/coins/maxx-finance

MAXX Finance is very proud and pleased to have this opportunity and we are gearing up to launch the next stage which is the free claim & amplifier. Be sure to follow our socials to stay up to date with all the updates, we have lots coming almost daily!

Join the best crypto community! https://t.me/MaxxFinance
Twitter: https://twitter.com/MaxxFinance
Discord: https://discord.gg/XeQg8jt4WS
Linktree: https://linktr.ee/maxxfinance
Gitbook: https://docs.maxx.finance/

Website
www.MAXX.finance
Join Our Team https://t.me/maxxcommunity

[Maxx Community]

Will CEFI kill self custody?

The more noobs come into this market, the more they seem to forget the core principles of self custody that crypto was actually invented for.

Even the scammers are getting lazy. Most of these punks don’t even know what a fucking private key is.

Now that Blackrock is here to sodomize the entire crypto space and bring “mass adoption”, I’m wondering what will happen to self custody as we move along. We can go in 2 directions.

Crypto OG’s will win and self custody will be as mainstream as posting shit on social media ( whereby even your grandma can do it )

The new breed of centralized “crypto custodials” will pop up like mushrooms only to serve the function of the same old banks that we all came to “love” so much ( especially during 2008 )

What do you guys think will happen with self custody?

[Maxx Community]

Exploring the MAXX Ecosystem



With DeFi markets bouncing back from what was considered one of the most significant shifts in its history, there is clearly a lot to learn for projects going forward that are operating in this space. With MAXX Finance, a new paradigm in DeFi is emerging, one that is embodying the knowledge of the past and is laying a foundation for trust, transparency, and stability along with unique innovation.

The MAXX team came together with one common goal in mind — to bring a fair and trustworthy protocol to market with a utility-focused token, backed by an ecosystem with sustainable yield.

The primary function of MAXX is to allow users the ability to stake $MAXX tokens and earn pre-programmed yields through smart contract-powered certified deposits.

Fair Launch Liquidity Amplifier

In previous years, communities have been burned by whale investors removing token liquidity due to unfair initial token distribution. MAXX avoids the possibility of whales entirely through an innovative approach to the initial token distribution.

Through our Liquidity Amplifier stage, where users can reserve tokens before launch, 40% of the supply is going to be sold during this 60-day stage. This allows us to fairly distribute a large portion of the public tokens to all participants at a fair price, avoiding any whales accumulating a disproportionate amount of tokens. Once this stage is complete, users have the ability to claim the reservations made for these tokens over 60 days and start interacting with the main staking smart contract.

Through this method, we are able to create a singular and level playing field for all MAXX users without the risk of downward pressure on our supportive community.

Sustainable Yield

Many individuals approaching the DeFi market are now more risk-averse, making MAXX an approachable and safe option for newcomers as well as those who are experienced in the DeFi space. Without a sustainable yield mechanism in place for those staking their cryptocurrency, the door remains open to heightened risk.

Our sustainable yield and transparent protocol structure ensure a stable ecosystem for staking that don’t fall victim to the mistakes of so many previous protocols. We’ve carefully researched countless projects and have learned from the mistakes of the past to safeguard staking in the future.

Utility Focused

DeFi has been flooded with tokens and projects with no tangible utility, leading to stifled project growth and slow undignified failure. What’s worse, communities are losing out on the promises of these failed ecosystems, leaving distrust and apprehension around entering the market.

With MAXX Finance we have focused on bringing real utility to our token and protocol by allowing users to protect the price of $MAXX as well as the protocol by staking and trading within the ecosystem, expanding its functionality as time progresses. With multiple revenue-generating mechanisms infused into our protocol, we have a formula for a stable and thriving economic loop. Aside from that, MAXX team is activelly participating in setting up full nodes and supporting different proof of stake chains, ensuring a constant revenue stream for the community and keeping the project solvant and growing at all times.

[Maxx Community]

How bigt will Defi and Web 3.0 be?

If you watch and listen to mainstream media, you probably think that DeFi and Web 3.0 are not that big of a deal. A passing phase or just a gimmick like NFT’s.

However, the objective reality is much different. DeFi and Web 3.0 is literally the backbone of an etirely new system. It will be even bigger than the internet itself. All you have to do is just look at how this space is evolving.

In just 5 to 10 years time we all will be “techno-boomers” because we won’t be able to keep up with the ever increasing rate of innovation.

DeFi and Web 3.0 is THE REAL DEAL! All you have to do to see it, is to pull your head out of your ass, switch off the TV and think for yourself.

[Maxx Community]

How to get free $MAXX

During the bear market many people who don't have any coins and tokens left. MAXX Finance got you covered!

We have reserved 2.000.000.000 $MAXX for our early adopters. We will kick off our Free Claim system very soon! If you have have native coins on ETH, FTM, AVAX, BNB, MATIC and CRO chains, you will get free $MAXX.

For every 1usd on any of the 6 chains, you will be eligible for 200 $MAXX!

If you want to boost your Free Claim amount you can use our referral system and invite friends and family to join the MAXX party!

WARNING! The Free Claim stage lasts for 60 days and it will be conducted on the first-come, first-served basis. Join our social media (and news) channels to have a front row seat to all the action! 

Screw the moon! We're flying to the rings of Saturn!!!

[Maxx Community]

How stable is USDC?

By now, we all know the Tornado Cash story. What happened is basically a kick in the balls to decentralization and freedom in general.

USDC addresses got blacklisted. Let’s be realistic, we know that this can happen! However this time it sets a very dangerous precedent for the future of DeFi and financial freedom itself. Looks like USDC is a prime example of how CBDC’s will look like in the future.

Since privacy is a fundamental human right, it’s more important than ever to help build and develop parallel running systems that can be an alternative to CDBC’s and legacy financial institutions. Only by doing so there’s a chance of defeating this dystopian future.

[Mongoll]

What do you think about The Merge?

[Maxx Community]

What do you think about The Merge?

Time will tell how successful it will be

[Maxx Community]

MAXX Finance Staking Explained



The MAXX Staking Ecosystem is specifically designed to benefit the end user of the staking class. We estimate that only about 5–10% of the ecosystem will be part of this ‘staking’ class. This means if you become part of the 5–10% of users staking you will reap the rewards from the whole 100% supply inflation. Being part of this ecosystem will allow you to earn rewards from our whole blockchain project. There will be a few things you will have to know prior to staking.

Here are the simple steps you need to take to get into the staking ecosystem!

1 — You will want to join the liquidity amplifier & free claim airdrop to mint your own MAXX way before the project launched on a DEX. The benefit of being early is the fact that you will have the ability to choose what day and how much you want to sacrifice to become a MAXX holder.

2 — Once the staking contracts are rolled out you will have the ability to use your $MAXX tokens to send to a contract based on the parameters you set. Don’t forget no one ever holds on to your tokens and you are the one who chooses how much & how long you want to stake for. Once you set the time and length of the stake you will earn daily interest until the stake matures.

Supply & Demand

The staking class receives rewards in the form of $MAXX tokens by staking, this gives the MAXX ecosystem the ability to fule the ‘utility’ and ‘revenue’ stream back into the MAXX Vault. By creating a MAXX stake you will be able to lock in and remove the supply from circulation thus sending the price pressure to the upside. Less supply = More Demand!

Easy To Use Web3 Dashboard

MAXX team has developed a unique one-of-a-kind web3 dApp system where you can do all in one from joining the liquidity amplifier — to swapping tokens — to creating stakes or even using the many other cool features we have and plan on having on the website. Below is an interface preview of the unreleased dashboard. This is where you will spend most of your time interacting with the ‘MAXX Ecosystem’.



Gamified Ecosystem To Reward Users

NFT & Bonuses

The MAXX team has added tons of fun perks & features into the protocol to encourage users to try the $MAXX ecosystem absolutely free with the ‘Freeclaim Airdrop’. To having awesome bonuses & rewards through the Genesis NFT & MAXXBoost.

There is also gamified features in the staking contract which will encourage users to stake for longer & bigger as well as penalties to make the protocol self sufficient.

Longer Pays Better & Bigger Pays Better Bonus

The longer & bigger the stake the more rewards you receive so when creating a stake pay attention to how long and how much you stake to receive the MAXX rewards!

Early Withdrawl

If a user decides to withdraw their stake early, they will be penalized an amount of their principal+interest earned so far.

The penalty amount is proportionate to the time remaining / original duration of the stake.

For example, if the stake is 100 days long, but the user has only served 80 days and unstakes early with 20 days remaining, they will lose 20% of their Principal+Interest.

Late Withdrawal

Once a stake reaches maturity, the user has a 14-day grace period to withdraw their stake without any penalty. If for some reason, they do not withdraw it until a later date, they will be penalized depending on how late it is withdrawn.

The penalties start on day 15 after maturity, at a rate of 100/365 (0.273972602739726)% per day.

Stake Transfer

MAXX has innovated a system that will allow users to avoid early-end staking penalties by transferring the stake. We will be rolling out a timeline for a marketplace very shortly but the stakes will be available to transfer from the start of the launch. Transferring a stake is a very powerful tool and can create a whole new ecosystem for our users who will want to trade the stakes.

These are just to name a few of the most innovative staking systems which will blow the competition out of the ecosystem! Join our whitelist and telegram group today to be a part of our project.

[Maxx Community]

MAXX Dashboard Overview



This is an introduction to the dashboard, designed and built specifically for the MAXX protocol. This dashboard is unique and unlike anything available in the DeFi world.

First, we will notice the sleek user-friendly design, easy-to-access web3.0 integration, and 100% safe & secure. The protocol interacts with pre-verified and audited smart contracts on the polygon network.

The website does not require any account creation or KYC. You simply connect your Web3 wallet such as MetaMask, TrustWallet, or hundreds of other supported wallets.

The dashboard will display all of your personal statistics, as well as global stats for the token. You will also see a recent activity stream where you can monitor live on-chain activity.



The MAXX Token statistics will give you live up-to-date information about the activities & on-chain data.




You will be able to view & monitor your $MAXX liquid & staked balances and see your interest grow over time directly in the dashboard panel.



The dashboard also displays the social statistics to monitor the engagement of our community across multiple different platforms.



Launch Stages

Stage 1 — Freeclaim

At the start of the project rollout, you will be able to claim absolutely free $MAXX tokens through the Free Claim Airdrop

You will be able to claim your free $MAXX tokens by simply hitting the ‘Claim Now’ button. This will check your address and its balance against a snapshot of all wallets across 6 major EVM networks and allow you to claim your share. For more info please check our documentation here.



Stage 2 — Liquidity Amplifier

Shortly after we will have the Amplifier stage, which will give anyone the ability to sacrifice $MATIC in return for $MAXX tokens.

This stage lasts 60 days and allows users to secure a fair distribution of 40% of the supply. By contributing $MATIC to the liquidity amplifier you essentially are claiming your utility tokens to be able to interact with the $MAXX Ecosystem.



After the 60-day amplifier period, there will be a short gap before we progress to stage 3, which is the ‘mainnet’ launch.

At this stage, any users who sacrificed $MATIC will be able to withdraw their reserved $MAXX tokens. Tokens can be withdrawn as liquid straight to your wallet, or they can be staked directly for an additional bonus. Staking earns up to 80% APY.



Stage 3 — Mainnet launch! 🚀

The Mainnet launch will see the token deployed and liquidity added to Uniswap, which is our DEX of choice to launch with. This will allow trading & price action to begin, and the staking features to start being used. At this stage, the $MAXX protocol will officially be launched!



The staking features will be unlocked and allow users to begin creating their stakes. You will be able to monitor active stakes and see an overview of your account in the staking portal.



If you ever need to swap, or bridge tokens you can simply do this by visiting the ‘Trade’ section in the dashboard. This section will allow you to swap any tokens into $MAXX, and likewise sell your $MAXX into other tokens.



One of the most important and powerful features is the referral system. This will allow you to earn completely free $MAXX tokens, simply by sharing your unique link with your friends & followers.



Anyone who uses your link to collect their FreeClaim or make an Amplifier sacrifice will receive a 10% bonus. You will also earn a 5–10% commission for anyone who uses your link.

In the referral section, you will see the total amount of referrals you have made, and be able to monitor how much free $MAXX you have earned!



The remaining features of the protocol will come later, and more information will follow in due course.




MAXX Vault

The MAXXVault page will be live once we start adding validators, providing liquidity, and showcasing our partnerships. It will allow the community to monitor this, and also vote on how to use the funds through the DAO system.

MAXXPlay

The MAXX Play feature will be rolled out after the platform launches. We have the smart contracts already developed for this, but we want to wait so that we don’t roll everything out at once. This will be a nice update immediately following the launch!

NFT Collection

Monitor the MAXX NFT Collection of your NFTs and trade them!



We hope you enjoyed this in-depth look at our dashboard panel and will continue to bring more information and content on each and every section and how it works! We are excited to launch & want to make sure that you are well prepared for the protocol once it becomes live!

Be sure to stay up to date and follow our Telegram & Twitter. We are happy to have you on board and welcome to MAXX Finance!