Magic DeFi Platform for Deflation Governance and Lots of prizes For # 1 active User
What is Deflation?
Cryptocurrencies like Bitcoin which are known to have a fixed supply by default experience deflation. This provides some unique insights into the dynamics of inflation versus deflation.
Cryptocurrencies with a steadily decreasing supply on its blockchain are called deflationary cryptocurrencies. Deflation can be achieved by burning a certain percentage of minted coins, buying back and burning, buying back and holding, and much more.
With Bitcoin , for example, flexible mining difficulties and partial events warrant a deflationary characteristic to its network. For example, if you buy an item today with an amount of BTC “X”, in the future, you will buy the same item at a lower price because of the way the deflationary model works.
Advantages of Deflation Cryptocurrency
1. This allows the company to avoid the circulation of unsold coins to the market
2. Maximizing profits
3. To improve the coin rating
4. To avoid circulation of coins created through errors made in their issuance at the address of the smart contract
What is the Magic Balancer Protocol?
Magic Balancer is a deflationary governance DEFI token that rewards active users via the Smart Contract protocol, while seamlessly combining transactional rewards with liquidity rebalancing features.
Every Magic Balancer protocol is built to be 100% untrustworthy and requires no human interaction to keep it running. This ensures that all Magic Balancer protocols can run forever and are never shut down by the results of human intervention. It also means that as a token holder you don’t have to put your trust in any human for any reason.
What is an MGB Token?
MGB tokens are designed to be sustainable and maximize their value by actually deflating and encouraging users to be active by offering amazing rewards. Each reward distributed by MGB tokens never hurts the overall supply, this means that the growth of MGB tokens will never be hindered in any way.
MGB Token feature
- The unique feature of MGB smart contracts allows certain addresses such as Uniswap pools or exchange wallets to be blocked from being charged.
- In essence, MGB charges a 1% transaction fee and redistributes the fee to existing MGB holders instantly and automatically at the time of each transaction.
- There is no team or central party to charge fees. There is no interface for claiming fees. You don’t need to take any action other than to store MGB in the wallet you control.
The MGB KEY 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 market MGB with ETH, then burning the entire remaining MGB. Basically rebalancing the Uniswap MGB / ETH pair and increasing the MGB value in relation to ETH.
The MGB token is very simple and has only two functions.
1% is added to liquidity on sales, purchases, and transactions. This allows us to continue to have liquidity to carry out Function B.
- Each time a function is called, all MGB of function one is distributed to the LP provider
- All you need to do to get this reward is provide liquidity.
- 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 as an incentive to spend Gas. (% 1 for BSC)
When the function is called:
- 2% of liquidity is removed
- liquidity is then broken down into ETH and MGB
- ETH market buys MGB
- 95% of the MGB was then burned
- 5% of MGB is sent to function callers (to incentivize the user’s exhaust gas, for BSC% 1)
To call the required Function the caller has a minimum of 200 MGB
MAGIC BALANCER ADVANTAGE MECHANISM
If 150ETH @ $ 1500.00 is raised at the presale
- $ 157,500 ~ 70% Liquidity On Listing
- 2% LP Removed ~ $ 3,150
- Split Into ~ $ 1,575 ETH & $ 1,575 MGB
- 5% Of MGB Sent To Callers ~ $ 78.75
- Convert ETH To MGB ~ $ 1,575
- 90% Of MGB Burnt ~ $ 2,835
- 1,575 Buy Market Eth
- 2,835 MGB Burned
- 3,150 Total Capital Rebalanced
These are the statistics of just one buyback, repurchases can occur up to 24 times per day. (With a minimum of 200 MGB tokens).
Why Binance Smart Chain Magic Balance?
Transaction fees are very low when compared to the same transaction fees on ethereum, a BSC transaction can be as low as 5 cents. Magic Balancer wants to give all MGB holders the opportunity to build a usable 2nd ecosystem despite the bottlenecks and costs that sometimes suffer when using the Ethereum blockchain.
BSC to ETH bridge on Magic Balancer:
Magic Balancer plans to launch its own MGB token bridge which will allow you to swap your BEP20 MGB for ERC20 MGB and vice versa. However, until this is done, you won’t be able to trade the entire chain.
Magic Balancer Swap Features:
- Zero Swap Fee
- 2% amount of slippage required
- Internal 90 days LP lockout, read “getUserLock” function then enter MGB contract address and click query for LP unlock time.
- Flashloan and Flashswap are protected, designed for user interaction only
- No liquidity required for functionality.
Token $ MGBThe 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 A1% added to liquidity when selling, buying and txn ~ This allows us to continue to have liquidity to carry out Function B.LP Prize~ 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 releasedAll taxes go to the address to then be added to $ MGB / rETH on MagicSwapFunction BBuy and Burn LiquidityThe 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 2021Tokomic development and functionsContract development, front site and dAPP.Writing white paperPre-saltLaunch of MGB at Uniswap and Pankeswap.Start an impactful marketing campaignCommunity Development and Partnership Generosity CampaignK2 2021
ETH ~ BSC BridgeReliable project partnershipsK3 2021
Launch of MagicSwapCreating MGB DAO for ManagementTransfer of ownership based on management agreementK4 2021
Prepare a road map for 2022
When the function is called:2% of liquidity is removedLiquidity is then divided into ETH and $ MGBETH market buys $ MGB95% of the MGB was then burned5% of MGB is sent to function callers (to incentivize the user’s exhaust gas, for BSC% 1)
Tokenomics for ETH Chain300,000 MGB – Total Supply https://etherscan.io/token/0xf4f3d6a60765bf705b27716f50fccba5f0ea0ca1 150,000 MGB – Pre -Sale85,000 MGB – Initial Liquidity35,000 MGB – Marketing, Promotion and Community Engagement.30,000 MGB – Team TokensPresale – 1 ETH = 999 $ MGB ($ 1.9)Presale Max Buy = 3 ETH ($ 5,700)Initial Listing – 1 ETH = 799 $ MGB ($ 2.38) ~ 25% higher than pre-salePresale 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 BSC300,000 MGB – Total Supply https://bscscan.com/token/0xf78839b9e972cf15014843a7ca5ebf1e321a284c 150,000 MGB – Pre -Sale85,000 MGB – Initial Liquidity35,000 MGB – Marketing, Promotion and Community Engagement.30,000 MGB – Team TokensPresale – 1 BNB = 99 $ MGB ($ 2,5)Presale Max Buy = 30 BNB ($ 7,500) ~ No minInitial Listing – 1 BNB = 79 $ MGB ($ 3.16) ~ 25% higher than presalePresale 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.Magic Balancing CommunityOfficial Site: http://magicbalancer.org/Whitepaper: https://github.com/MagicBalancer/Whitepaper/blob/main/whitepaperv1.pdfTelegram: https://t.me/magicbalancerGithub: https://github.com/magicbalancerMedia: https://wizarddefi.medium.com/Twitter: https://twitter.com/magicbalancerPhoto: https://vote.magicbalancer.org
by ; LordUdin link: https://bitcointalk.org/index.php?action=profile;u=2579436