DegenMaxi (DMAX) is the ultimate deflationary and reflection token on smartBCH that rewards you with CST daily just by holding the token in your wallet.
The project was launched on March 15, 2022, by the same team behind the CryptoSorted Token (CST).
However, I suggest you continue reading to learn the specifics of the project, how it works, and how you can maximize your gains.
DMAX started with a total supply of 23,674,000,000. But on April 25 2022, more than 97% of the supply was been burned to drop the supply to just 500,000,000.
Thus the current total supply of DMAX is 500 million.
The team has no allocations, and all 500 million tokens would be used to reward liquidity providers, facilitate community growth, or BURNED!
DMAX tokenomics is designed to put tight control on inflation, maximize burn, and handsomely reward long term holders and liquidity providers.
Daily reflections (holders reward)
To qualify for the daily CST reflections, you need to hold 50,000 DMAX or more. The more DMAX you HODL, the bigger your share of the reward.
Additionally, you need to have bought a minimum of 50,000 DMAX in a single transaction, so as not to be excluded from the reward list.
We’re working to make it possible for anyone with 50k+ DMAX to qualify for the CST reflections regardless of whether they bought it in single or multiple transactions.
But until then, please first buy at least 50,000 or more DMAX in a single transaction. This will guarantee that you’ll be eligible for the daily CST reflections.
Furthermore, when you’re selling DMAX, you need to use a 15% slippage due to the selling tax. There’s no tax for buying, so you can use the default slippage setting on the DEX, usually 0.5% or 1%.
Recommended DMAX investment strategy
The 4 best ways to invest in DMAX are:
- Buy a minimum of 50,000 DMAX and HODL in your wallet to receive daily CST reflections (true passive income).
- Provide liquidity and stake your DMAX-WBCH LP token on BenSwap to earn more DMAX with a base APR of 300%.
- Harvest your farm rewards to earn CST reflections on them.
- Sell your CST reflections and DMAX staking rewards to BCH or flexUSD as a profit-taking strategy.
PS: This is certainly not financial advice. You can do whatever you want with your tokens, and you alone are responsible for your financial decisions.
We GROW together! Join us and become a part of our success story.
Contract Address (CA): 0x138c0F41DfAc5783D20b4672A7511003C18d11AF