![9.jpg](https://cdn.steemitimages.com/DQmU3inYsKfgpwcDYDhFaxnCuHyCYsRGCcHYKcRAKiq6p3H/9.jpg)

It is utilized in various transactions including exchange, buy/sell, multitrade, and aggregated DeFi and NFT. The development of QEX has a great potential for success in the cryptocurrency space. However, its main purpose is to facilitate developers and users to manage digital assets cross-chain.The Binance Smart Chain is a separate blockchain that runs in parallel with the Binance Chain. It is compatible with the Ethereum Virtual Machine and aims to lower transaction costs. Furthermore, it is designed to run smart contracts in a manner that maintains the high throughput of the Binance Chain while adding smart contracts. Ultimately, the Binance Smart Chain is an alternative, decentralized marketplace that is built on blockchain technology.The Binance Smart Chain is the second-most popular blockchain in the cryptocurrency industry. This is because it has a 21-validator system and has significant scalability. As a result, it has significantly lower transaction fees than the Ethereum blockchain. Despite the fact that it is a bit centralized, it boasts exceptional scalability and a low transaction fee. QEX is based on the Binance Smart Chain, which is the platform on which Binance operates. ![21.jpg](https://cdn.steemitimages.com/DQmZ8QV39qBRteVkCVdYGfSmWogpvTpATmwJrj27pZk5bAs/21.jpg)

Like the Binance Smart Chain, the PancakeSwap is based on the Binance Smart Chain

It uses an automated market maker model and liquidity pools to conduct trading. In exchange for allowing users to claim a share of the liquidity pool, the PancakeSwap system has fees that can range anywhere from 2% to 50% of the total price of the transaction. Its trading fees are lowered as well.A BEP-8 or BEP-20 is the standard for Binance Smart Chain assets. It uses the same functions as its Ethereum counterpart. To use this platform, you will need to install the Binance Smart Chain wallet on your computer. The Binance Chain Wallet is compatible with both Firefox and Chrome browsers. You can even use this wallet in your web browser to conduct trading on the network. It is highly recommended that you install the MetaMask for BSC to gain access to the Binance Smart Chain platform.

QEX is a fully featured crypto-asset created on the Binance Smart Chain protocol

The Binance Smart Chain also has an EVM compatible staking logic. The network also supports Ethereum DApps. It has a fully functional API and is compatible with Ethereum. There are white papers on both blockchains and a repository on GitHub.In addition to that, the Binance Smart Chain uses a Proof of Stake (PoS) consensus algorithm. This means that participants stake BNB to become validators. The validators receive transaction fees from the included transactions. Furthermore, the Binance Smart Chain is not inflationary. Instead, it periodically conducts coin burns.The Binance Smart Chain also enables users to earn rewards while staking digital assets such as stablecoins and non-fungible tokens. This system has been developed by a strong team of developers, including backend developers, full-stack developers, and technical architects. The team of developers is led by Milana Valmont, while Mateusz Grzelak is the CTO. Both have held prominent positions in the past at Settle Finance and Barclays. ![20.jpg](https://cdn.steemitimages.com/DQmbdUtNpYHQqB7CyuzHK1SewCtj2sRqxgD5D1DLoKq5Rue/20.jpg)

The NFT marketplaces on Binance and Qenetex are open to cryptocurrencies

The NFTs listed on Foundation are sold through auction, with the majority of auctions running for 24 hours after the first bid. In addition, the Foundation's interface is modern and clean. However, sellers need to pay a 15% service fee to use this service.Before listing your NFT on an exchange, you should have a crypto wallet compatible with the NFT network. Additionally, the listing time can be customized according to the seller's preference. The NFTs will be visible to buyers if they're correctly categorised. It's important to remember that it is possible to set a minimum bid and set a starting price.

✅ For more info

Website: https://www.Qenetex.com/ Twitter: https://twitter.com/qenetex Telegram: https://t.me/Qenetex Whitepaper: https://qenetex.com/wp.pdf Facebook: https://www.facebook.com/Qenetex Instagram: https://www.instagram.com/qenetex/ Reddit: https://www.reddit.com/user/QenetexWallet Medium: https://medium.com/@qenetex

✅ Writer

Bitcointalk Username: Hurs1965 Bitcointalk Profile Link: https://bitcointalk.org/index.php? action=profile;u=2252434;sa=summary Telegram Username:@Hurs2021 Qenetex Wallet Address: 0x378f91A1283084a5FDCD16BCFE778fb000de3DCC

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