MAGIC BALANCER: ETH-BSC Chain Rebalancing Protocol

 

General Overview Of The Magic Balancer:

Magic Balancer is a deflationary governance DEFI token that provides exceptional rewards to active users through smart contract protocols, while seamlessly integrating transaction rewards with liquidity rebalancing features. The MGB token is designed to be sustainable and maximize its value by being truly deflationary and encouraging users to be active while offering exceptional rewards. Every reward token that MGB allocates never compromises the overall supply, which means that the growth of the MGB token will never be difficult. Each Magic Balancer protocol is built to be 100% distrustful and does not require human intervention to operate. This ensures that all Magic Balancer protocols can run forever and will never be disabled by human intervention. This also means that you, as a token holder, will never have to trust anyone for any reason. The only thing you can trust in the crypto space is the code, it never lies.

Magic Balancer ensures that its cost per recharge is constantly increasing in value. This is done by temporarily removing some of the liquidity from the MGB / ETH pair, market buying MGB with ETH, and then burning all the remaining MGB. Essentially, the balance of the Uniswap MGB / ETH pair is being restored and the value of the MGB increased relative to ETH. The MGB token comes from the community and is a flexible community-driven project and the future governance of the community can only be achieved through voting.

After the birth of cryptocurrency, DeFi tokens (decentralized financial tokens) have disrupted the financial sector throughout 2020. While many projects are still in their early stages of development, DeFi tokens have surfaced and caused a craze in the crypto market which of course reminds us of the euphoria of Bitcoin. , Ethereum, and others in the past 2017. Decentralized Finance or DeFi is a system that aims to provide financial services that are open, unlicensed, transparent and available to everyone without a centralized authority.

MAGIC BALANCER FEATURES:

1. Rebalance:

Every rebalances $MGB token price can raise up to %2. This can happen every hour up to 24 times a day! After 1-week Presale end 1 $MGB worth of $4000 for this mechanism.

1. Exchange:

The exchange is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain and Ethereum Main Net.

1. ETH ~ BSC Bridge:

A mechanism that enables token exchange between crosses chains without any impermanent loss.

1. The $MGB Token:

$MGB’s KEY mechanic ensures that its uniswap price is constantly increasing in value (Assuming Market pressures are neutral). This is done by temporarily removing a portion of liquidity from the $MGB /ETH pair, market buying $MGB with the ETH, then burning the entirety of the remaining $MGB. Essentially rebalancing the Uniswap $MGB /ETH pair and raising the value of $MGB in relation to ETH. This token is designed specifically to be integrated into Necromancer’s ecosystem.

WHY CHOOSE BINANCE SMART CHAIN?

With Ethereum gas prices astronomical at times we wanted to deliver a way to help combat them with the ability to trade on the BSC blockchain. The transaction fees are very low when compared to the same transaction cost on Ethereum; BSC transactions can be as low as 5 cents. We wanted to provide all MGB holders with the opportunity to build a 2and ecosystem that can be used regardless of the congestion and costs that are sometimes suffered when using Ethereum Blockchain. Is there any Code Difference between the ETH-BSC chains? No, there is no fundamental difference between the two chains but there is a minor value changer (e.g. caller function reward %1 for BSC) What Is the BSC ecosystem different from the ETH ecosystem? Since each blockchain has its own ecosystem, both chains have their own life, this means that price on BSC may not always equal the same on ETH blockchain.

THE $MGB TOKEN HAS ONLY TWO FUNCTIONS:

• Function A:

1% added to liquidity on sells, buys and txn’s ~ this allows us to constantly have the liquidity to execute Function B.

LP Rewards

~ Each time function two is called, all $MGB from function one is distributed to LP providers.

~ All you need to do to get these rewards is to provide liquidity.

Once Magic-Swap is released

All tax goes to an address to later be added to $MGB /rETH in MagicSwap

• Function B:

Liquidity Buy and Burn

Function becomes available once an hour and can be called by anyone.

The caller of the function will receive 5% of the $MGB for incentive to spend Gas. (%1 for BSC)

MAGIC BALANCER TOKEN INFORMATION:

Ticker: MGB

Platform: Binance Chain, Ethereum

Token Type: Utility

Available for sale: 150,000 MGB (50%)

Total supply: 300,000 MGB

FINANCIAL:

ICO Price: 1 MGB = 0.001 ETH

Accepting: ETH, BNB

Hard cap: 30 ETH

MAGIC BALANCER ROADMAP:

Q1 2021:

Development of tokenomics and functions

Development of the contract, front-site and dAPP.

Writing white paper

Pre-sale:

Launch of MGB at Uniswap and Pankeswap.

Start an influential marketing campaign

Community Development and Partnership Generosity Campaign

Q2 2021:

ETH ~ BSC bridge

Reliable project partnership

Q3 2021:

MagicSwap launch

Creating an MGB DAO for Management

Transfer of ownership under a management agreement

Q4 2021:

Preparing a roadmap for 2022

For More Information On This Project, Please Kindly Visit The Links Below:

Website: https://magicbalancer.org

Whitepaper: https://github.com/MagicBalancer/Whitepaper/blob/main/whitepaperv1.pdf

Twitter: https://twitter.com/magicbalancer

Telegram: https://t.me/magicbalancer

Medium: https://wizarddefi.medium.com/

Github: https://github.com/MagicBalancer

Snapshot: https://vote.magicbalancer.org

AUTHOR: HAYZED8

https://bitcointalk.org/index.php?action=profile;u=1293373

ETH ADDRESS :0x35e29f9ddf79baad0cd41a8943d038bbed2ceceb