Magic Balancer

introduction

Good evening to all cryptocurrency lovers, I would like to give a little insight into the coming of this very 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?

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Magic Balancing

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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 following are the features provided by Magic Balancer:

• Rewards: As previously explained, Magic Balancer is a platform that encourages users to be active, so they get rewards according to their participation.

• Built on BSC: Magic Balancer is built on the foundation of the Binance Smart Chain which enables it to become a safe and reliable DeFi platform for users.

• Liquidity Treasury: 70% of each amount collected in the pre-sale is automatically sent to the contract address and the developer will list the MGB token on uniswap with the liquidity collected. In the future, this liquidity to maintain the rebalance function will continue to work for a long time.

• Governance: Allows users to participate in the Magic Balancer platform development process using voting.

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.

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 released
All taxes go to the address and then added to the $ MGB / Reth in
Function  MagicSwap  Function B
Liquidity Buy and Grill
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 Gas. (% 1 for BSC)

When the function is called:

2% of liquidity removed
Liquidity is then divided into ETH and $ MGB
ETH market buys $ MGB
95% of MGB then burnt
5% of MGB sent to function callers (to incentivize user expenditure gas, for 1% BSC)

 

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) 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-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
Initial Listing minimum amount - 1 BNB = 79 $ MGB ($ 3.16 ) ~ 25% higher than presale
Hardcap Presale = 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.

 

Roadmap:

K1 2021

Tokomics development and
Contract development, front site and dAPP functions.
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 partnership
Q3 2021

Launch of MagicSwap
Creating MGB DAO for
Transfer of Management  Ownership  based on management agreement
Q4 2021

Prepare a road map for 2022

 

Profit Mechanism
Example REBALANCE (if 300 BNB @ $ 250.00 collected in presale)

$ 52,500 ~ 70% Liquidity On Listing

2% LP Removed ~ $ 1,050

Split Into ~ $ 525 BNB & $ 525 MGB

1% Of MGB Sent To Callers ~ $ 10.5

BNB Swaps For MGB ~ $ 525

90% Of MGB Burnt ~ $ 945

Value Added (from the example above)

$ 525 Buy BNB Market

$ 945 MGB Burned

$ 1,575 Total Capital Balanced

This is the statistic of only one Rebalance, Rebalance can occur up to 24 times per day. (With a minimum of 200 MGB tokens).

 

Magic Balancing 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 Photo
:   https://vote.magicbalancer.org

AUTHOR: HAYZED8

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

ETH ADDRESS :0x35e29f9ddf79baad0cd41a8943d038bbed2ceceb