Magic Balancer
deflationary governance DEFI tokens.
What is a Magic Balancer?
Magic Balancer is a deflationary governance DEFI token that rewards active users via a smart contract protocol, while seamlessly integrating transaction rewards with the liquidity rebalancing feature.
MGB tokens are designed to be sustainable and maximize their value by actually deflating and encouraging users to be active while offering great rewards. Each MGB allocated reward token never jeopardizes the entire supply, which means that MGB token growth will never be difficult. Every Magic Balancer protocol is created to be 100% distrustful and requires no human intervention to operate. This ensures that all Magic Balancer protocols can run forever and will never be disabled by human intervention. It also means that you, as the token holder, don't have to trust anyone for any reason. The only thing you can trust in the crypto space is the code, it never lies,
The best crypto projects are those that provide 100% unreliable protocols and attest to this fact with complete code transparency. This is what Magic Balancer has to offer, it is our core belief and the only way to release a protocol.
Magic Balancer ensures that the cost per refill continues to increase in value. This is done by temporarily removing a portion of the liquidity from the MGB / ETH pair, buying the MGB market with ETH, and then burning all the remaining MGB. Basically, the balance of the Uniswap MGB / ETH pair is being restored and the MGB value is increasing relative to ETH.
The MGB token comes from the community and is a flexible community driven project and future community governance can only be achieved through voting.
Magic Balancing Feature
- Rebalance
Each $ MGB token price rebalance can go up to% 2. This can happen every hour up to 24 times a day! After 1 week Presale expires $ 1 MGB worth of $ 4000 for this mechanism. - Exchange
Exchange is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain and Ethereum Mainnet.
ETH ~ BSC Bridge Mechanism that allows token exchange between cross chains without impermanent loss.
Token $ Mengapa Binance Smart Chain?
With the enormous Ethereum gas price, we wanted to provide a way to help combat them with the ability to trade on the BSC blockchain. Transaction fees are very low when compared to the same transaction fees on ethereum, a BSC transaction can be as low as 5 cents.
We want to give all MGB holders the opportunity to build a 2 and usable ecosystem despite the bottlenecks and costs that sometimes suffer when using the ethereum blockchain.
Is There a Code Difference Between the ETH-BSC Chain?
No, there is no fundamental difference between the two chains but there are minor value modifiers (eg% 1 reward funchion caller for BSC)
What is the difference between the BSC ecosystem and the ETH ecosystem?
Since each blockchain has its own ecosystem, the two chains have their own lives, this means that the prices in the BSC may not always be the same on the ETH blockchain.
Will there be a BSC to ETH bridge?
Yes, we are planning to launch our own MGB token bridge which will allow you to swap your BEP20 MGB for ERC20 MGB and vice versa. But until this is done, you won't be able to trade the entire chain.
How do I interact with the BSC contract at Magic Balancer?
Just change the network on your Metamask or use a BSC wallet to connect our site. For the BSC we are currently developing a magic balancer for the ethereum network.
Did the Magic Balancer Team develop its own BSC swap?
Yes, the BSC exchanges we use are tailor-made by the development team, who are best placed to handle our custom token metrics and provide the best possible security. There's a built-in LP lock inside the swap too so you can be sure that all LPs are locked for 90 days at a time. Swap is currently very limited in its ability to handle trades with tokens which have special metrics so we need to develop our own swaps to suit our mechanism. We also improved our repurchase structure with our own swaps as we coded the repurchase capability to be able to remove only the MGB amount from LP, saving a lot of steps in the repurchase process.
The KEY $ MGB mechanic ensures that uniswap prices continue to increase in value (Assuming neutral Market pressure). This is done by temporarily removing a portion of the liquidity from the $ MGB / ETH pair, buying the $ MGB market with ETH, then burning the entire remaining $ MGB. Essentially rebalancing Uniswap's $ MGB / ETH pair and increasing the $ MGB value in relation to ETH.
This token is specifically designed to be integrated into the Necromancer ecosystem.
The $ MGB token is very simple and has only two functions.
Function A
1% added to liquidity when selling, buying and txn ~ This allows us to continue to have liquidity to carry out Function B.
Hadiah LP
~ Every time function two is called, all $ MGB from function one is distributed to the LP provider.
~ All you need to do to get this reward is to provide liquidity.
After MagicSwap was released
All taxes go to the address to then be added to $ MGB / rETH on MagicSwap
Function B
Buy and Burn Liquidity
The function is available once an hour and can be called by anyone.
Callers of the function will receive 5% of $ MGB in incentives to spend Gas. (% 1 for BSC)
Magic Balancing Roadmap:
K1 2021
Tokomic development and functions
Contract development, front site and dAPP.
Writing white paper
Pre-sale
Launch of MGB at Uniswap and Pankeswap.
Start an impactful marketing campaign
Community Development and Partnership Generosity Campaign
K2 2021
ETH ~ BSC Bridge
Reliable project partnerships
K3 2021
Launch of MagicSwap
Creating MGB DAO for Management
Transfer of ownership based on management agreement
K4 2021
Prepare a road map for 2022
When the function is called:
2% of liquidity is removed
Liquidity is then divided into ETH and $ MGB
The ETH market buys $ MGB
95% of the MGB is then burned
5% of the MGB is sent to the function caller (to provide an incentive on user expenditure gas, for BSC% 1)
Tokenomics for ETH Chain
300,000 MGB - Total Supply https://etherscan.io/token/0xf4f3d6a60765bf705b27716f50fccba5f0ea0ca1
150,000 MGB - Pre -Sale
85,000 MGB - Initial Liquidity
35,000 MGB - Marketing, Promotion and Community Engagement.
30.000 MGB - Token Tim
Pre-sale - 1 ETH = 999 $ MGB (1.9 $)
Beli Maks Presale = 3 ETH (5,700)
Initial Listing - 1 ETH = 799 $ MGB ($ 2.38) ~ 25% higher than pre-sale
Presale Hardcap = 30 ETH ($ 57.000)
70% ETH (21 ETH - $ 39,900) is reserved for liquidity.
20% ETH (6 ETH - $ 11,400) provides future development, partnerships, marketing, community building, cex lists and expansion teams.
10% ETH (3 ETH - $ 5,700 *) pre-sale referral reward.
Tokenomics for BSC
300,000 MGB - Total Supply https://bscscan.com/token/0xf78839b9e972cf15014843a7ca5ebf1e321a284c
150,000 MGB - Pre -Sale
85,000 MGB - Initial Liquidity
35,000 MGB - Marketing, Promotion and Community Engagement.
30.000 MGB - Token Tim
Presale - 1 BNB = 99 $ MGB ($ 2,5)
Presale Max Buy = 30 BNB ($ 7,500) ~ No min
Initial Listing - 1 BNB = 79 $ MGB ($ 3.16) ~ 25% higher than presale
Presale Hardcap = 300 BNB ($ 75.000)
70% BNB (210BNB - $ 52,500) is reserved for liquidity.
20% BNB (60 BNB - $ 15,000) provides future development, partnerships, marketing, community building, cex lists and expansion teams.
10% BNB (30 BNB - $ 7,500 *) pre-sale referral reward.
Roadmap:
K1 2021
Tokomic development and functions
Contract development, front site and dAPP.
Writing white paper
Pre-sale
Launch of MGB at Uniswap and Pankeswap.
Start an impactful marketing campaign
Community Development and Partnership Generosity Campaign
K2 2021
ETH ~ BSC Bridge
Reliable project partnerships
K3 2021
Launch of MagicSwap
Creating MGB DAO for Management
Transfer of ownership based on management agreement
K4 2021
Prepare a road map for 2022
Magic Balancing Community
Magic Balancer Community : http://magicbalancer.org/
Whitepaper: https://github.com/MagicBalancer/Whitepaper/blob/main/whitepaperv1.pdf
Telegram: https://t.me/magicbalancer
Github: https: //github.com/magicbalancer
Medium: https://wizarddefi.medium.com/
Twitter: https://twitter.com/magicbalancer
Snapshot: https://vote.magicbalancer.org
Kopisusu 4000
https://bitcointalk.org/index.php?action=profile;u=1953415
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