What is a Magic Balancer?
Magic Balancer is a deflation governance DEFI token that provides outstanding rewards to active users through a smart contract protocol, while seamlessly integrating transaction rewards with liquidity rebalancing features.
MGB tokens are designed to be sustainable and maximize their value by actually experiencing deflation and encouraging users to be active while offering incredible rewards. Each gift token allocated by MGB never jeopardizes the entire supply, which means that the growth of MGB tokens will never be difficult. Each Magic Balancer protocol is made for 100% disbelief 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, do not need to trust anyone for any reason. The only thing you can trust in the crypto space is the code, never lie,
The best crypto projects are those that provide a 100% unreliable protocol and prove this fact with complete code transparency. This is what Magic Balancer has to offer, this is our core belief and the only way to release the protocol.
Magic Balancer ensures that the cost per refill continues to increase in value. This is done by temporarily removing some of the liquidity from the MGB / ETH pair, buying the MGB market with ETH, and then burning all the remaining MGB. Basically, the equilibrium of the Uniswap MGB / ETH pair is being restored and the MGB value is increasing relative to the 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.
Will there be a BSC bridge to ETH?
Yes, we plan to launch our own MGB token bridge that allows you to exchange your BEP20 MGB for an ERC20 MGB and vice versa. But until this is done, you will not be able to trade across the chain.
How do I interact with BSC contracts in Magic Balancer?
Just change the network in your Metamask or use a BSC wallet to connect to our site. For BSC we are currently developing a magic balancer for ethereum networks.
Did the Magic Balancer Team develop its own BSC swap?
Yes, the BSC exchanges we use are custom made by the development team, which is best placed to handle our custom token metrics and provide the best scurity. There is a built -in LP locking in the swap as well so you can be sure that all LPs are locked for 90 days at a time. Swaps are currently so limited in their ability to handle trades with tokens that have special metrics that we need to develop our own swaps to fit our mechanism. We also improved the repurchase structure with our own swaps because we encoded the repurchase capability to be able to remove only the MGB amount from the LP, saving many steps in the repurchase process.
Magic Balancer 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 of Presale ends 1 $ MGB worth $ 4000 for this mechanism.
Exchange
Exchange is an automated market maker (“AMM”) that allows two tokens to be exchanged on Binance Smart Chain and Ethereum Mainnet. The
ETH ~ BSC Bridge mechanism
that enables token exchange between cross -chains without non -permanent loss.
$ MGB token
The $ MGB KEY mechanic ensures that the uniswap price continues to increase in value (Assuming neutral Market pressures). This is done by temporarily removing some liquidity from the $ MGB / ETH pair, buying the $ MGB market with ETH, then burning the entire remaining $ MGB. Basically rebalancing the $ MGB / ETH Uniswap pair and increasing the value of $ MGB in relation to ETH.
These tokens are 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 the liquidity when selling, buying, and txn ~ This allows us to continue to have liquidity to run Function B.
LP Reward
~ Whenever 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.
Once MagicSwap is released
All taxes go into the address to then be added to $ MGB / rETH in the
MagicSwap Function Function B
Buy and Burn Liquidity is
available once in an hour and can be called by anyone.
Callers of the function will receive 5% of $ MGB in incentives to spend on Gas. (% 1 for BSC)
When a function is called:
2% of liquidity removed
Liquidity is then divided into ETH and $ MGB
market ETH buys $ MGB
95% of MGB then burns
5% of MGB sent to function caller (to provide incentives on user expenditure gas, for BSC% 1)
Magic Balancer Road Map
Launch
Starting in March. 2rd at 19:00 UTC. No need to whitelist.
Held directly at magicbalancer.org, to participate simply connect your Metamask, enter the amount of ETH you want to send and click buy. MGB tokens will be immediately refunded through our pre-sale contract. Metamask is preferred, do not use an exchange account.
No min purchase, 3 ETH-30BNB Max.
10% of the reference gift is distributed instantly through a pre-sale contract. Click the REFERAL button in the Presale section and copy your referral link (required to connect to the wallet)
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 - Team Token
Presale - 1 ETH = 999 MGB ($ 1.5 *)
Buy Max Presale = 3 ETH ($ 4,500 *)
Initial List - 1 ETH = 799 MGB ($ 1.88 *) ~ 25% higher than pre -sales
Hardcap Presale = 30 ETH ($ 45,000 *)
70% ETH (21 ETH - $ 31,500 *) is provided for liquidity.
20% ETH (6 ETH - $ 9,000 *) provides future development, partnerships, marketing, community building, checklists and expansion teams.
10% ETH (3 ETH - $ 4,500 *) pre -sale reference gift.
based on the ETH price of $ 1500.00
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 - Team Token
Presale - 1 BNB = 99 MGB ($ 2.5 *)
Presale Max Buy = 30 BNB ($ 7,500 *) ~ Without 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 *) is provided for liquidity.
20% BNB (60 BNB - $ 15,000 *) provides future development, partnerships, marketing, community development, checklists and expansion teams.
10% BNB (30 BNB - $ 7,500 *) pre -sale reference gift.
based on the BNB price of $ 250.00
The Magic Balancer Community
Official Website: http://magicbalancer.org/
Whitepaper: https://github.com/MagicBalancer/Whitepaper/blob/main/whitepaperv1.pdf
Telegram: https://t.me/magicbalancer
Github: https://github.com/magicbalancer
Media: https://wizarddefi.medium.com/
Twitter: https://twitter.com/magicbalancer
Photo: https://vote.magicbalancer.org
Governance: https://vote.magicbalancer.org
Discord: Coming soon
AUTHOR: HAYZED8
https://bitcointalk.org/index.php?action=profile;u=1293373
ETH ADDRESS :0x35e29f9ddf79baad0cd41a8943d038bbed2ceceb