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,
The best crypto projects are those that provide 100% unreliable protocols and prove this fact with complete code transparency. This is exactly what Magic Balancer offers, this is our core belief and the only way to ever release protocols.
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.
Recommended process for initiating a proposal:
- Submit the draft proposal to our telegram group chats.
- Conduct an off-chain survey after careful discussion.
- Post a proposal for a governance forum and improve its content.
- Draw up a management contract and conduct a voting campaign in the MGB community.
Magic Balancer Tokenomics:
Binance Smart Chain Tokenomics:
- Total supply: 300,000 MGB
- Presale: 150,000 MGB
- Initial liquidity: 85,000 MGB
- Marketing: 35,000 MGB
- Team Coins: 30,000 MGB
- Provided for liquidity: 70% BNB
- Provides future development, partnerships, marketing, community building, stock listing and team expansion: 20% BNB
- Referral Reward: 10% BNB
** ETH Tokenomics **
- Presale: 150,000 MGB
- Initial liquidity: 85,000 MGB
- Marketing, Promotion & Community Engagement: 35,000 MGB
- Team Coins: 30,000 MGB
- Provided for liquidity: 70% ETH
- Provides future development, partnerships, marketing, community building, sex work listing and team expansion: 20% ETH
- Referral reward: 10% 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
More information about the project:
Website: https://magicbalancer.org
Whitepaper: https://github.com/MagicBalancer/Whitepaper/blob/main/whitepaperv1.pdf
Twitter: https://twitter.com/magicbalancer
Telegram: https://t.me/magicbalancer
Author :
Username: piqulhdt28
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1793127
ETH: 0x9E5793c693D083c84C460315E146db84A8064479
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