Magic Balanc
Get Rewards through 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.
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 value of MGB is increasing relative to ETH.
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 MGB token comes from the community and is a flexible project driven by the community and future community governance can only be achieved through voting.
Recommended process for initiating a proposal:
Send the draft proposal to our telegram group chat.
Conduct an off-chain survey after careful discussion.
Post proposals for governance forums and improve the content.
Create management contracts and run voting campaigns in the MGB community.
Magic Balancing Roadmap:
K1 2021
- Tokomic development and functions
- Contract development, front site and dAPP.
- Writing white paper
- Pra-garam
- 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
Token $ MGB
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% is added to liquidity when selling, buying, and txn ~ This allows us to continue to have liquidity to run Function B.
LP 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 to provide liquidity.
After MagicSwap is released
All taxes go to the address and then add it to $ MGB / rETH on 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 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 incentives on user expenditure gas, for BSC% 1)
Tokenomics
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
- Presale - 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.
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
by ; lezard link: https://bitcointalk.org/index.php?action=profile;u=2635414
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