Magic Balancer ~ Rebalance Protocol on ETH & BSC Chain.
What is the Magic Balancer Protocol?
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.
Every Magic Balancer protocol is built to be 100% untrustworthy and requires no human interaction to keep it running. This ensures that all Magic Balancer protocols can run forever and are never shut down by the results of human intervention. It also means that as a token holder you don't have to put your trust in any human for any reason.
What is an MGB Token?
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.
MGB Token feature
The unique feature of MGB smart contracts allows certain addresses such as Uniswap pools or exchange wallets to be blocked from being charged.
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.
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.
The MGB KEY 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 market MGB with ETH, then burning the entire remaining MGB. Basically rebalancing the Uniswap MGB / ETH pair and increasing the MGB value in relation to ETH.
The MGB token is very simple and has only two functions.
Function A
1% is added to liquidity on sales, purchases, and transactions. This allows us to continue to have liquidity to carry out Function B.
LP Prize
Each time a function is called, all MGB of function one is distributed to the LP provider
All you need to do to get this reward is provide liquidity.
Function B
Buy and Burn Liquidity
The function is available once an hour and can be called by anyone.
Callers of the function will receive 5% of MGB as an incentive to spend Gas. (% 1 for BSC)
When the function is called:
- 2% of liquidity is removed
- liquidity is then broken down into ETH and MGB
- ETH market buys MGB
- 95% of the MGB was then burned
- 5% of MGB is sent to function callers (to incentivize user exhaust gas, for BSC% 1)
- To call the required Function the caller has a minimum of 200 MGB
MAGIC BALANCER ADVANTAGE MECHANISM
- If 150ETH @ $ 1500.00 is raised at the presale
- $ 157,500 ~ 70% Liquidity On Listing
- 2% LP Removed ~ $ 3,150
- Split Into ~ $ 1,575 ETH & $ 1,575 MGB
- 5% Of MGB Sent To Callers ~ $ 78.75
- Swap ETH For MGB ~ $ 1,575
- 90% Of MGB Burnt ~ $ 2,835
Value added
- 1,575 Buy Market Eth
- 2,835 MGB Burnt
- 3,150 Total Capital Rebalanced
These are the statistics of just one buyback, repurchases can occur up to 24 times per day. (With a minimum of 200 MGB tokens).
Why Binance Smart Chain Magic Balance?
Transaction fees are very low when compared to the same transaction fees on ethereum, a BSC transaction can be as low as 5 cents. Magic Balancer wants to give all MGB holders the opportunity to build a usable 2nd ecosystem despite the bottlenecks and costs that sometimes suffer when using the Ethereum blockchain.
BSC to ETH bridge on Magic Balancer:
Magic Balancer plans to launch its own MGB token bridge which will allow you to swap your BEP20 MGB for ERC20 MGB and vice versa. However, until this is done, you won't be able to trade the entire chain.
Magic Balancer Swap Features:
- Zero Swap Fee
- 2% amount of slippage required
- Internal 90 days LP lock, read "getUserLock" function then enter MGB contract address and click query for LP unlock time.
- Flashloan and Flashswap are protected, designed for user interaction only
- No liquidity required for functionality.
Governance
The MGB token comes from the community and is a flexible community-based project. MGB is a community governance token, and future community governance can only be achieved through an MGB vote
The voting period for each proposal is 3 days. If the quorum reaches 20% and the support level reaches 66% at the end of the vote, the proposal is deemed to have passed.
Tokenomics for ETH Chain
- Total Supply - 300,000 MGB
- Presale - 150,000 MGB
- Initial Liquidity - 85,000 MGB
- Marketing - 35,000 MGB
- Team Token - 30,000 MGB
- 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 pre-sale
- Hardcap Presale = 30 ETH ($ 45,000 *)
- 70% ETH (21 ETH - $ 31,500 *) is reserved for liquidity.
- 20% ETH (6 ETH - $ 9,000 *) provides future development, partnerships, marketing, community building, cex lists and expansion teams.
- 10% ETH (3 ETH - $ 4,500 *) pre-sale referral reward
Tokenomics for BSC
- Total Supply - 300,000 MGB
- Presale - 150,000 MGB
- Initial Liquidity - 85,000 MGB
- Marketing - 35,000 MGB
- Team Token - 30,000 MGB
- Presale - 1 BNB = 99 MGB ($ 2.5 *)
- Presale Max Buy = 30 BNB ($ 7,500 *)
- Initial Listing - 1 BNB = 79 MGB ($ 3.16 *) ~% 25 higher than presale
- Presale Hardcap = 300 BNB ($ 75,000 *)
- 70% BNB (210BNB - $ 52,500 *) is 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
- Develop tokenomics and features
- Develop contract, front end website and dAPP
- Writing a whitepaper
- Presale
- Launched MGB at Uniswap and Pancakeswap
- Start an influencer marketing campaign
- Community growth and bounty for partnership campaigns
K2 2021
- ETH ~ BSC Bridge
- Secure project partnerships
K3 2021
- Launch of MagicSwap
- Create an MGB DAO for the government
- Transferring contract ownership to a governance contract
K4 2021
- Prepare a road map for the future of 2022
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