Minimax — an aggregator of staking and profitable farming opportunities with stop loss and take profit. The platform allows you to enjoy the great benefits of DeFi (high APY and ease of asset manipulation) without worrying about its risks.
How does Minimax work?
In Minimax you will be able to set stop loss and take profit parameters for your staking and farm deposits (both parameters are optional). To ensure the best possible gas fees and the lowest possible slippage, all operations (unstaking, exchanging cryptocurrency and depositing BUSD to your wallet) are completed in one transaction through smart contracts. In one betting pool, you can open several positions with different stop loss and take profit levels. For example, you can set a stop loss level of 95% for half of your bet and 90% for the other half. To use Minimax, you will need a wallet that supports Binance Smart Chain (BSC), CAKE tokens and some BNB to pay for transactions.
DeFi features:
| 1 | Binance Smart Chain (BSC) native tokens, including BNB and CAKE, are BEP20 compliant. |
| 2 | When using DeFi platforms on the BSC network, you will need BNB to pay for gas. |
| 3 | This fee is charged every time you make a DEX exchange, deposit your crypto into staking or lending pools, etc. |
At Minimax, you will need the CAKE token to create a vault position and BNB to pay the gas fees, associated with opening and managing positions. You can buy BNB and CAKE on a centralized exchange (such as Binance, Kucoin, etc.) and transfer the tokens to your smartphone or desktop wallet. Be sure to use the BEP-20 transfer type or your funds may be lost.
Minimax uses an individual proxy smart contract for each position, created by the client to ensure that stop loss, take profit and profit events are handled correctly and funds are transferred to the correct accounts. You can create multiple positions for the same vault by setting different stop loss and take profit values for each position.
MMX tokenomics
Starting from the launch date, 75% of the remaining supply will be distributed equally for each block (2 MMX per block):
- 54 % — reward for staking MMX in individual MMX asset pools.
- 18% — reward for providing liquidity in the Pancakeswap MMX-BNB pool.
- 3% — airdrops, while 0.3% of the tokens are distributed every 3 months.
The distribution of tokens is distributed among the clients of our platform, depending on the amount of funds, deposited during the previous three-month period. MMX emissions will halve after 12 months from launch and halve again after 24 months from launch.