HOW Magic Balancer WORKS?

INTRODUCTION

Decentralized finance (DeFi) is an open monetary system (open finance) built on blockchain technology that is decentralized and immutable. One of the motivations for the development of the Decentralized Finance system is that many people around the world still lack access to financial services. Although the current conventional financial system plays a role in building wealth for the world's population, it has not yet reached the lower class population.

Decentralization means there is not a single point of failure, as the same records are stored on multiple computers / nodes via a peer to peer network. Due to the permissionless nature of the blockchain network, it is open to anyone, regardless of how much funds they have, where they live. Unlike banks or payment companies that can close accounts from customers who do not meet the requirements, the character of blockchain is censorship resistant.

 #MGB #MagicBalancer #crypto #blockchain

What is a Magic Balancer?

Magic Balancer is a deflationary governance DEFI token that rewards active users via a smart contract protocol, while seamlessly integrating transaction rewards with the liquidity rebalancing feature.

MGB tokens are designed to be sustainable and maximize their value by actually deflating and encouraging users to be active while offering great rewards. Each MGB allocated bounty token never jeopardizes the entire supply, which means that MGB token growth will never be difficult. Every Magic Balancer protocol is created to be 100% distrustful and requires no human intervention to operate. This ensures that all Magic Balancer protocols can run forever and will never be disabled by human intervention. It also means that you, as the token holder, don't 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 attest to this fact with complete code transparency. This is what Magic Balancer has to offer, it is our core belief and the only way to release a protocol.

Magic Balancer ensures that the cost per refill continues to increase in value. This is done by temporarily removing a portion of the liquidity from the MGB / ETH pair, buying the MGB market with ETH, and then burning all the remaining MGB. Basically, the balance of the Uniswap MGB / ETH pair is being restored and the MGB value is increasing relative to ETH.

The MGB token comes from the community and is a flexible community driven project and future community governance can only be achieved through voting.

Magic Balancing Feature

• Rebalance
• Each $ MGB token price rebalance can go up to% 2. This can happen every hour up to 24 times a day! After 1 week Presale expires $ 1 MGB worth of $ 4000 for this mechanism.
• Exchange
• The exchange is an automated market maker ("AMM") that allows two tokens to be exchanged on the Binance Smart Chain and Ethereum Mainnet.
• ETH ~ BSC Bridge Mechanism
• which allows for the exchange of tokens between cross-chains without any impermanent losses.

$ MGB token

The KEY $ MGB 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 $ MGB market with ETH, then burning the entire remaining $ MGB. Essentially rebalancing Uniswap's $ MGB / ETH pair and increasing the $ MGB value in relation to ETH.

This token is specifically designed to be integrated into the Necromancer ecosystem.

The $ MGB token is very simple and has only two functions.

Function A

1% is added to liquidity when selling, buying, and txn ~ This allows us to continue to have liquidity to carry out Function B.

LP Prize

~ Every time function two is called, all $ MGB from function one is distributed to the LP provider.

~ All you need to do to get this reward is to provide liquidity.

After MagicSwap was released

All taxes go to the address to then be added to $ MGB / rETH on MagicSwap

Function B Function

Buy and Burn Liquidity

available once an hour and can be called by anyone.

Callers of the function will receive 5% of $ MGB in incentives to spend Gas. (% 1 for BSC)

When the function is called:

2% of liquidity is removed

Liquidity is then divided 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)

Tokenomics

Tokenomics for ETH Chain

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

150,000 MGB - Pre-sale

85,000 MGB - Initial Liquidity

35,000 MGB - Marketing, Promotion and Community Engagement.

30,000 MGB - Team Tokens

Presale - 1 ETH = 999 $ MGB (1.9 $)

Presale Max Buy = 3 ETH ($ 5,700)

Initial Listing - 1 ETH = 799 $ MGB ($ 2.38) ~ 25% higher than pre-sale

Presale Hardcap = 30 ETH ($ 57,000)

70% ETH (21 ETH - $ 39,900) is reserved for liquidity.

20% ETH (6 ETH - $ 11,400) provides future development, partnerships, marketing, community building, cex lists and expansion teams.

10% ETH (3 ETH - $ 5,700 *) pre-sale referral reward.

Tokenomics for BSC

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

150,000 MGB - Pre-sale

85,000 MGB - Initial Liquidity

35,000 MGB - Marketing, Promotion and Community Engagement.

30,000 MGB - Team Tokens

Presale - 1 BNB = 99 $ MGB (2.5 $)

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

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.

Magic Balancing Roadmap:

• K1 2021
• Tokomic development and functions
• Contract development, front site and dAPP.
• Writing white paper
• Pre-salt
• Launch of MGB at Uniswap and Pankeswap.
• Start an impactful marketing campaign
• Community Development and Partnership Generosity Campaign
• K2 2021
• ETH ~ BSC Bridge
• Reliable project partnerships
• K3 2021
• Launch of MagicSwap
• Creating MGB DAO for Management
• Transfer of ownership based on management agreement
• 8K4 2021
• Prepare a road map for 2022
•  #MGB #MagicBalancer #crypto #blockchain

Magic Balancer Community Official Site: https://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

WRITHER

BTC USER NAME: oladirano23

BTC LINK: https://bitcointalk.org/index.php?action=profile;u=2100363

 ETH ADRESS: 0xcbb84f339bab430a0894fd9d6daaf292cdf61669

telegram user name : @oladirano23