Blockchain is a hot topic and is of great interest to many people nowadays. Blockchain technology is considered capable of solving various problems related to technology, professional and personal. Blockchain is seen as an elegant and secure solution, which can open up a wide range of transaction possibilities. However, although the trend of blockchain adoption is quite aggressive, there has not been much discussion about its potential impact on transaction processes in various industrial sectors.
Blockchain is widely mentioned in the context of discussing cryptocurrencies, but the real strength of blockchain is in its transactional flexibility, and its utility is much broader than just currency exchange.
On this occasion, I would like to get to know a blockchain project called Magic Balancer.
What is a Magic Balancer?
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.
Unique features of the MGB smart contract allow certain addresses like the Uniswap pool or exchange wallets to be blocked from earning fees.
Because of this, 100% of the fees generated go to holders of the token. The percentage of fees you earn is calculated by the percentage of MGB that you own among holders. This generates a much higher yield than would otherwise be possible.
There is no team or central party that has to award the fees. There is no interface to claim the fees. No action needs to be taken on your part other than to hold MGB in a wallet you control.
The Platform Used To Build Magic Balancer
The Binance smart chain is the platform of choice used by Magic Balancer. Because, The transaction fees are very low when compared to the same transaction cost on ethereum, BSC transactions can be as low as 5 cents.
Magic Balancer wanted to provide all MGB holders the opportunity to build a 2nd ecosystem that can be used regardless of the congestion and costs that are sometimes suffered when using Ethereum's blockchain.
Binance Smart Chain (BSC) to ETH bridge
Magic Balancer planning launching MGB token bridge that will allow you to trade your BEP20 MGB for ERC20 MGB and vice versa. However until this is completed you will not be able to trade across the chains.
Interact With BSC Contracts On Magic Balancer
Simply change the network on your Metamask or using BSC wallet to connect our site. For BSC we are currently developed the same as magic balancer for ethereum network.
Magic Balancer Team develop it's own BSC swap
The BSC swap we are using was custom built by the development team. It is best situated to handle our custom token metrics and give the best security. There is built in LP locking on inside the swap as well so you can be assured that all LP is locked for 90 days at a time. Current swaps are very limited in their abilities when it comes to handling trading with tokens that have custom metrics so we needed to develop our own swap to custom fit our mechanics. We also enhanced the buyback structure with our own swap as we coded in the ability for the buyback to be able to remove just the MGB amount from LP, saving many steps in the process of performing a buyback.
Once we are able to add our swap pricing to a site like Coingecko we will be able to then use ABI to implement a chart on the swap page. This will also allow the BEP20 version of MGB to have price tracking ability as well. For now all BSC swap functions are done directly on our APP, this allows users the have the most simple time interacting with our BSC ecosystem.
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 - 30 BNB 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 ($1,500*)
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
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 ($2,50*)
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 Website: https://magicbalancer.org/
Whitepaper: https://github.com/MagicBalancer/Whitepaper/blob/main/whitepaperv1.pdf
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=924920
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