Magic Balancer

Magic Balancer is a deflationary governance DEFI token

Blockchain is a hot topic and very interesting for 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, despite the aggressive trend of blockchain adoption, there has not been much discussion about its potential impact on transaction processes in various industrial sectors.

Blockchain is mentioned broadly in the context of discussing cryptocurrencies, but the true 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 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.

The unique feature of MGB smart contracts allows certain addresses such as Uniswap pools or exchange wallets to be blocked from being charged.

Because of this, 100% of the fees generated go to the token holders. The fee percentage you earn is calculated by the percentage of MGB you have between 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.

The Platform Used To Build The Magic Balancer

Binance smart chain is the platform of choice used by Magic Balancer. Since, the transaction fees are so low when compared to the same transaction fees on ethereum, BSC transactions 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.

Binance Smart Chain (BSC) at ETH

Magic Balancer plans to launch an MGB token bridge that will allow you to swap your BEP20 MGB for ERC20 MGB and vice versa. But until this is done, you won't be able to trade the entire chain.

Interacting with BSC Contracts on Magic Balancer

Just change the network on your Metamask or use a BSC wallet to connect our site. For the BSC we are currently developing a magic balancer for the ethereum network.

The Magic Balancer Team developed its own BSC swap

The BSC swaps we use are custom made by the development team. It is best placed to handle our custom token metrics and provide the best possible security. There's a built-in LP lock inside the swap too so you can be sure that all LPs are locked for 90 days at a time. The current swap is very limited in its ability to handle trades with tokens which have special metrics so we need to develop our own swaps to suit our mechanism. We also improved our repurchase structure with our own swaps as we coded the repurchase capability to be able to remove only the MGB amount from LP, saving many steps in the repurchase process.

Once we can add our swap rates to a site like Coingecko, we can then use the ABI to apply the chart on the swap page. This will also allow the MGB version of the BEP20 to have price tracking capabilities as well. For now all BSC exchange functions are performed directly on our APP, this allows users to have the simplest time to interact with our BSC ecosystem.

Launching

Starting in March. 2rd at 19:00 UTC. No need for a whitelist.

Held directly on magicbalancer.org, to participate simply connect your Metamask, enter the amount of ETH you want to send and click buy. MGB tokens will be returned immediately via our pre-sale contract. Metamask is preferred, don't use an exchange account.

No min, 3 ETH - 30 BNB Max buy.

10% referral prize is distributed instantly via a pre-sale contract. Click the REFERAL button in the Presale section and copy your referral link (required to connect to the wallet)

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 ($ 1.5)
Presale Max Buy = 3 ETH ($ 4,500)
Early Enrollment - 1 ETH = 799 MGB ($ 1.88) ~ 25% higher than presale
Hardcap = 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.
based on a price of ETH $ 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, Promotion and Community Engagement.
30,000 MGB -
Presale Token Team - 1 BNB = 99 MGB ($ 2.5)
Presale Max Buy = 30 BNB ($ 7,500) ~ No min
Initial Listing amount - 1 BNB = 79 MGB ($ 3.16) ~% 25 higher than
presale Presale Hardcap = 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.
based on the $ 250.00 BNB
Magic Balancer Community price

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
Snapshot:  https://vote.magicbalancer.org
Governance:  https://vote.magicbalancer.org

by ; djogjya

link: : https://bitcointalk.org/index.php?action=profile;u=2647348