Magic Balancer I Rebalance Protocol di ETH dan BSC Chain dan Governance Token
introduction
Greetings back my friends I want to give you a little picture of the coming of this extraordinary project that has given all of us a chance. And we all over the world know how difficult it has been to solve economic problems during the Covid pandemic to date. And in the midst of the Covid-19 pandemic, not all business sectors have been affected, but some are increasingly showing an increase in income. One of them is the DeFi project. This project was developed in 2019.
After the birth of cryptocurrency, DeFi tokens (decentralized financial tokens) have plagued the financial sector throughout 2020. While many projects are still in their early stages of development, DeFi tokens have emerged and caused frenzy in the crypto market which of course reminds us of the Bitcoin euphoria. , Ethereum, and others in 2017. Decentralized Finance or DeFi is a system that aims to provide financial services that are open, unlicensed, transparent and available to everyone without centralized authority.
This can be done by DeFi because the smart contract technology behind it allows developers to build functionality that is much more sophisticated than simply sending or receiving digital currency. DeFi can be a global alternative to any financial service in use today. For example, savings, loans, trade, insurance and others can be accessed by anyone in the world only by using a smartphone and an internet connection, so let's dig deeper into the world of DeFi through the strongest companies below:
About the Magic Balancing Project?
Magic Balancing
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. 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. Every Magic Balancer protocol is built to be 100% untrustworthy and requires no human interaction to keep it running.
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.
The unique feature of MGB smart contracts allows certain addresses such as Uniswap pools or exchange wallets to be blocked from being charged. Due to this, 100% of the fees generated go to token holders. The percentage of fees you write off is calculated by the percentage of MGB you have among token holders. This yields a much higher yield than is possible.
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.
Magic Balancer Features • 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 permanent loss. Magic Balancing Roadmap: K1 2021 Tokenomics development and Contract development functions , front site and dAPP. Writes the white paper of the MGB Pre-sale Launch at Uniswap and Pankeswap. Starting an influential marketing campaign, Community Development and Partnership Generosity Campaign Q2 2021 ETH ~ BSC Bridge Reliable project partnerships Q3 2021 Launch of MagicSwap Create MGB DAO for Management Ownership Transfer under management agreement Q4 2021 Prepare road map for 2022 • $ MGB token • KEY $ MGB mechanic ensures that uniswap prices continue to increase 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% is added to liquidity when selling, buying and txn ~ This allows us to continue to have liquidity to run Function B. LPS Rewards 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 provide liquidity. After MagicSwap is released All taxes go to the address to be added to $ MGB / rETH in MagicSwap (Function B) The Liquidity Buy and Burn 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) When function is called: 2% of liquidity is removed Liquidity is then divided into ETH and $ MGB ETH market buys $ MGB 95% of MGB then burns 5% of MGB sent to function caller (to incentivize exhaust gas users, for BSC% 1) • Tokenomics • Tokenomics for ETH Chain 300,000 MGB - Total Supply https://etherscan.io/token/0xf4f3d6a60765bf705b27716f50fccba5f0ea0ca1 150,000 MGB - Pre-Sales 85,000 MGB - Initial Liquidity 35,000 MGB - Marketing, Promotion and Community Engagement. 30,000 MGB - Presale Team Tokens - 1 ETH = 999 $ MGB (1.9 $) Presale Max Buy = 3 ETH ($ 5,700) Initial Listing - 1 ETH = 799 $ MGB ($ 2.38) ~ 25% higher than presale Hardcap = 30 ETH ($ 57,000) 70% ETH (21 ETH - $ 39,900) provided 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-Sales 85,000 MGB - Initial Liquidity 35,000 MGB - Marketing, Promotion and Community Engagement. 30,000 MGB - Presale Token Team - 1 BNB = 99 $ MGB ($ 2.5) Maximum Pre-sale Purchase = 30 BNB ($ 7,500) ~ No Minimum Initial Listing - 1 BNB = 79 $ MGB ($ 3.16) ~% 25 higher than presale Hardcap Presale = 300 BNB ($ 75,000) 70% BNB (210BNB - $ 52,500) is provided 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 Balancer Community • Official Site: 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
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