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Decentralized applications (dapp) are becoming a popular technology in the investment market, especially when it comes to cryptocurrency. What makes dapp different is that even though they offer a similar layout and functionality to a standard phone and web application, they do not run on corporate servers.
Instead, dapps run on a blockchain or peer-to-peer network. Thus, no single company or user is controlling them as they are community-driven. With no central authority running the dapps, this platform is independent of interference by corporations, governments, and individuals.
Moreover, decentralized applications eliminate the downtime, meaning if a server shuts down, another network takes up the load and keeps the dapp working. Therefore, the Decentralized Finance (DeFi) ecosystem is majorly dependent on dapps these days. They have been a game-changer for the Blockchain world.
BNBMatrix For Yield Farming
Every day a new dapp offers new earning opportunities and numerous benefits to crypto investors. Now, with multiple dapps out there, one stands out as the best, i.e., BNBMatrix.io – a yield farming smart contract on the Binance Smart Chain (BSC).
Yield farming is one of the biggest growth drivers of the Defi sector and, currently, the hottest topic in the crypto space. So, what is yield farming? It’s an investment strategy to grow crypto and earn more.
DeFi Yield Farming continues to boom in the crypto space and so far in 2021, the investors have gained over 60% returns! (Source: Medium)
The Idea Behind BNBMatrix
BNBMatrix.io is a Smart Contract-based platform on the Binance Smart Chain (BSC). It promises high ROI (Return on Investment) in minimal time and resources. You can get high profits on daily investments of as low as 0.01 BNB. As the name suggests, this dapp allows you to deposit only one type of crypto asset, BNB, to earn high interest.
Return On Investment on BNBMatrix
BNBMatrix yield farming gives the users the opportunity to earn daily rewards. They can generate a daily return on their deposits from 7.8% to 17% depending upon the deposit period they choose – 7 to 30 days. Thus, the total ROI ranges from 119%-234%!
Key Features of BNBMatrix
1. High-Profit Margins
The users can earn a daily ROI of 7% to 17% and a total ROI of 119% to 234% based on the deposit period (7 to 30 days). For example, if you lock your BNB for 7 days, you get a 17% ROI. With such high-profit margins, BNBMatrix is one of the highest ROI yield farms on BSC.
BNBMatrix has a simple, clean, and uncluttered user interface, making it an easy-to-use dapp.
3. Quick Deposit and Withdrawals
The deposit and withdrawal processing is super quick and hassle-free. All you have to do is connect your decentralized wallet by scanning the QR code or logging on to the desktop. BNBMatrix supports 4 different BNB wallets on desktop browsers, including Ledger Live, Infinity Wallet, Encrypted Ink, and Wallet 3. Whereas, it supports 64 different wallets on mobile browsers.
4. Safe and Secure
BNBMatrix seems too good to be true but it is 100% legit. The platform has been thoroughly audited by Haze Crypto. The audit reported no backdoors, vulnerabilities, and scam scripts. Thus, declaring BNBMatrix a safe and secure platform for yield farming in the BSC network.
5. 24/7 Customer Support
BNBMatrix has round-the-clock customer service available to assist the users. Users can reach the support staff through live chat on their Telegram and other social media channels for any queries and concerns.
6. Referral Program
BNBMatrix also has a 5-level referral program. After investing, users will receive a referral link to share with friends. Then, they get a percentage of the referral’s deposit amount (ranging from 5% for Level 1 to 0.5% for Level 5). The increased referral rewards will add to the investor’s deposited amount – more deposits mean more ROI!
Is BNBMatrix Worth the Hype?
Yield farming is laden with Smart Contract risks, liquidation fraud, and exit scams. BNB Matrix Smart Contract is supposed to be safe and impenetrable from all such risks. Moreover, the clean user interface, quick processing, and high ROI have gained BNBMatrix record-breaking deposits of over 2000 BNB in just the first ten days. So, is BNBMatrix worth the hype? It seems so as so far, there is no indication to say otherwise. However, as always, don’t forget to do your own due diligence before investing in any platform.