Selasa, 06 April 2021

[DEFI] Magic Balancer $MGB

[DEFI]Magic Balancer $MGB Rebalance Protocol in ETH-BSC Chain

#MGB #MagicBalancer #crypto #blockchain #ETH #BNB

Introduction

Magic Balancer is a deflationary governance DEFI token which provides exceptional rewards to active users via Smart Contract protocols, while seamlessly incorporating transactional rewards with liquidity rebalancing features.

MGB token is designed to be sustainable and maximize its value by being truly deflationary and encouraging users to be active by offering exceptional rewards. Every reward MGB token distributes is never detrimental to the overall supply, this means that the growth of MGB token will never be hindered in any way.

Every Magic Balancer protocol is built to be 100% trustless and require no human interaction to keep them running. This ensures that all of Magic Balancer’s protocols can run forever and never be shut down by the result of human intervention. This also means that as a token holder you never have to place your trust in any human for any reason.

The only thing you can trust in the crypto space is code, it never lies and once its deployed it can never change the way it performs functions. The best projects in crypto are the ones that provide 100% trustless protocols and prove that fact with complete code transparency. This is exactly what Magic Balancer offers, this is our core belief and the only way we will ever release protocols.

The $MGB Token

MGB’s KEY mechanic ensures that it’s 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.

The MGB token is extremely simple and only has two functions.

Function A

1% added to liquidity on sells, buys and txn’s ~ This allows us to constantly have 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 provide liquidity.

Once MagicSwap 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.

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

When function is called:

~ 2% of liquidity is removed

~ the liquidity is then split into ETH and MGB

~ ETH market buys MGB

~ 95% of the MGB is then burned

~ 5% of MGB sent to caller of the function (to incentivize user spending gas, for BSC %1)

To call the Function its required the caller holds a minimum of 200 MGB

THE MGB TOKEN PROFIT MECHANISMS EXAMPLE

Example (if 30 ETH @ $1500.00 raised in presale)

~ $15,750(10,5 ETH) ~ 70% Liquidity On Listing

~ 2% LP Removed ~ $315

~ Split Into ~ $157,5 ETH & $157,5 MGB

~ 5% Of MGB Sent To Caller ~ $78,75

~ ETH Swaps For MGB~ $15,75

~ 90% Of MGB Burned ~ $283,5

Value Added (from example above)

~ $157,5 Eth Market Buy

~ $283,5 MGB Burned

~ $315 Total Capital Rebalanced

This is stats from only a single buyback, buybacks can happen up to 24 times per day.(with a minimum of 200 MGB tokens).

ROADMAP

Q1 2021

•   Develop tokenomics and features

•   Develop contract, front end website and dAPP

•   Write whitepaper

•   Presale

•   Launch MGB on Uniswap and Pancakeswap

•   Start influencer marketing campaign

•   Community growth and bounty campaigns for partnerships

Q2 2021

•   ETH ~ BSC bridge

•   Secure project partnerships

Q3 2021

•   MagicSwap Launch

•   Create MGB DAO for governance

•   Transfer contract ownership to governance contract

Q4 2021

•   Preparing a 2022 future roadmap

The Launch

Starts on March. 2rd at 19:00 UTC. No whitelist needed.

Held directly on magicbalancer.org, to participate simply connect your Metamask, enter the amount of ETH you wish to send and click buy. MGB tokens will be instantly returned via our presale contract. Metamask is preferred, do not use exchange accounts.

No min, 3 ETH-30BNB Max buy.

10% referral reward distributed instantly via presale contract. Click REFERRAL button on Presale section and copy your referral link(required to connect with wallet)

Tokenomics for ETH Chain

300,000 MGB — Total Supply https://etherscan.io/token/0xf4f3d6a60765bf705b27716f50fccba5f0ea0ca1

150,000 MGB — Presale

85,000 MGB — Initial Liquidity

35,000 MGB — Marketing, Promotions and Community Engagement.

30,000 MGB — Team Tokens

Presale — 1 ETH = 999 MGB ($1,5 *)

Presale Max Buy = 3 ETH ($4,500*)

Initial Listing — 1 ETH = 799 MGB ($1.88*) ~ %25 higher than presale

Presale Hardcap = 30 ETH ($45,000*)

70% ETH (21 ETH — $31,500*) provided towards liquidity.

20% ETH (6 ETH — $9,000*) provides future development, partnerships, marketing, community building, cex listing and expanding team.

10% ETH (3 ETH — $4,500*) presale referral rewards.

*based on ETH price of $1500.00

Tokenomics for BSC

300,000 MGB — Total Supply https://bscscan.com/token/0xf78839b9e972cf15014843a7ca5ebf1e321a284c

150,000 MGB — Presale

85,000 MGB — Initial Liquidity

35,000 MGB — Marketing, Promotions and Community Engagement.

30,000 MGB — Team Tokens

Presale — 1 BNB = 99 MGB ($2,5 *)

Presale Max Buy = 30 BNB ($7,500*) ~ No min amount

Initial Listing — 1 BNB = 79 MGB ($3,16*) ~ %25 higher than presale

Presale Hardcap = 300 BNB ($75,000*)

70% BNB (210BNB — $52,500*) provided towards liquidity.

20% BNB (60 BNB — $15,000*) provides future development, partnerships, marketing, community building, cex listing and expanding team.

10% BNB (30 BNB — $7,500*) presale referral rewards.

*based on BNB price of $250.00

Magic Balancer Presale successfully end Rebalance Protocol was Active!!!

Summary of Presale

190 BNB Sold 

50 BNB Liquidity added (more will add) (Locked Proof)

205,253 MGB Burned(Proof) 

Circulation on MGB 24,520 MGB

Every Rebalance ,token price will increase %2 (Proof)

%1 tx fee will be distributed LP holders. Just add liqudity and earn MGB. No need to stake!

Buy $MGB on PANCAKESWAP (Change %1 slippage tolerance)

For more information contact the Magic Balancer Project below:

AUTHOR:

Bitcointalk UserName: Wong linglong3

Bitcointalk Profil: https://bitcointalk.org/index.php?action=profile;u=1229230

Telegram Username : @Wonglinglong46

BEP20 wallet address: 0x38064F1795F260930C0459Bf0151aDa02aDbFa45

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