DEFI Governance Deflation Token That Rewards Active Users Through the Smart Contract Protocol
About the Magic Balancing Project?
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. 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 being for any reason. Feature1. Balance is back
Each $ MGB rebalance token price can go up to% 2. This can happen hourly up to 24 times a day! After 1 week Presale expires $ 1 MGB worth of $ 4000 for this mechanism.
2. Exchange
The exchange is an automated market maker (“AMM”) which allows two tokens to be exchanged on the Binance Smart Chain and Ethereum Mainnet.
3. ETH ~ BSC Bridge
A mechanism that allows the exchange of tokens between cross-chains without permanent loss.
$ MGB Token The KEY $ MGB mechanism ensures that the uniswap price continues 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. Basically rebalancing the Uniswap $ MGB / ETH pair and increasing the $ MGB value in relation to ETH. This token is specially designed to be integrated into the Necromancer ecosystem. The $ MGB token is very simple and only has two functions. The A1% function is added to liquidity when selling. , buy, 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 to be added to the $ MGB / rETH on MagicSwap 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 the liquidity is removed Liquidity is then divided into ETH and $ MGB The ETH market buys $ MGB 95% of the MGB then burns 5% of the MGB sent to the function caller (to incentivize the user's expenditure gas, for 1% BSC)
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 proposals: Send draft proposal to our telegram group chat. Conduct off-chain survey after discussion Post proposals for governance forums and improve their content. Create management contracts and run voting campaigns in the MGB community. Magic Balancing Roadmap:K1 2021 Development of tokenomics and functions Development of contracts, front sites and dAPP Writing white paper Pre-salt Launch of MGB at Uniswap and Pankeswap Start an influential marketing campaign Community Development and Partnership Generosity Campaign K2 2021 Bridge ETH ~ BSC Reliable project partnerships K3 2021 Launch of MGB MGB Management ManagementK4 2021 Preparing roadmap for 2022 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 A 1% is added to liquidity when selling, buying, and txn ~ This allows us to continue to have liquidity to carry out 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 to be added to $ MGB / rETH on MagicSwap Function B The Buy and Burn Liquidity 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 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-Sales85,000 MGB - Initial Liquidity 35,000 MGB - Marketing, Promotion and Community Engagement 1.30,000 MGB - Tokens ETH = 999 $ MGB ($ 1.9 ) Max Presale Purchase = 3 ETH ($ 5,700 ) Initial Listing - 1 ETH = 799 $ MGB ($ 2.38 ) ~% 25 higher than Presale Hardcap pre- sale = 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 prize.Tokenomics for BSC300,000 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 - TimPresale Tokens - 1 BNB = 99 $ MGB ($ 2.5 ) Presale Max Buy = 30 BNB ($ 7,500 ) ~ No min amount Initial List - 1 BNB = 79 $ MGB ($ 3.16 ) ~% 25 higher than presale Presale Hardcap = 300 BNB ($ 75,000 ) 70% BNB (210BNB - $ 52,500 ) 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/
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