Magic Balancer

Magic Balancer I Rebalance Protocol on ETH and BSC Chain and Governance Tokens



Decentralized finance is a topic of discussion due to the innovative nature of their services, which include (everyone can get the same service without a minimum number of transactions), open source (transparent, everyone can contribute), not storage-related (service providers do) not storing data and does not have access to funds from customers) and does not have an intermediary because it is regulated by a smart contract, so it saves a lot of costs and has very flexible space for setting interest rates for both lenders and sponsors ...

introduction

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 compromises the entire supply, which means that growing MGB tokens will never be difficult. Every Magic Balancer protocol is 100% untrustworthy and requires no human intervention to work. 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 made sure that his refill costs continued to increase. This is done by temporarily removing a portion of the liquidity from the MGB / ETH pair, buying the MGB market for ETH, and then burning the remaining MGB. Basically, the balance of the Uniswap MGB / ETH pair is rebalancing and the MGB value increases 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 Balancer feature

Rebalancing With
each rebalancing the $ MGB token price can go up to% 2. This can happen hourly up to 24 times a day! In 1 week, the presale of this mechanism for 1 MGB worth of $ 4,000 will be finished.
Exchange
The Exchange is an Automated Market Maker (“AMM”) which allows you to exchange two tokens on the Binance Smart Chain and Ethereum Mainnet.
ETH ~ BSC Bridge
A mechanism that allows the exchange of tokens between cross-chains without losing volatility.

Token $ MGB

The KEY $ MGB mechanic ensures that uniswap prices continue to increase in value (assuming neutral market pressures). This is done by temporarily removing a portion of the liquidity from the $ MGB / ETH pair, buying the $ MGB market for ETH, and then burning the remaining $ MGB completely. Essentially, the Uniswap $ MGB / ETH pair rebalanced and increased the $ MGB value in relation to ETH.
This token is specially designed for integration into the Necromancer ecosystem.
The $ MGB token is very simple and serves only two purposes.

Function A
1% is added to liquidity on sales, purchases and transactions ~ This allows us to have liquidity at any time to carry out function B.
LP Rewards
~ Every time function 2 is called, all $ MGB from function 1 is allocated to the LP provider.
~ All you have to do to claim this prize is provide liquidity.
After the release of MagicSwap
All taxes go to the address which will later be added to $ MGB / rETH on MagicSwap.
Function B. The
buy and burn liquidity function
becomes available once an hour and can be called by anyone.
Callers of the function will receive 5% of $ MGB as an incentive to use fuel (% 1 for BSC).

When the function is called:

2% of liquidity is removed.
Liquidity is then divided into ETH and the
market buys ETH for MGB for MGB.
95% of the MGB was then burned.
5% MGB sent to function callers (to incentivize users to spend fuel, for BSC% 1)

Manage
Proposals on Snapshot

MGB tokens come from the community and are flexible, community driven projects. MGB is a community governance token, and future community governance can only be achieved through an MGB vote.
Recommended process for initiating a proposal:

  1. Put the draft proposal on our Telegram group chat.
  2. Do off-chain exploration after going through the discussion.
  3. Publish proposals on the gevernance forum and revise their content.
  4. Create governance contracts and campaigns to get votes in the MGB community.

Treasury Liquidity

MGB Liquidity is collected via pre-sale and if the hardcap reaches (150ETH) the amount is around 105 ETH (% 70).

70% of each amount collected in the pre-sale is automatically sent to the contract address.

Use the createUniswapPair developer function and register MGB tokens on uniswap with the liquidity collected. The LP token will replenish the LP token in addition to the MGB contract to ensure that the rebalancing function will continue to function for a certain period of time.

The Magic Balancing Roadmap

image.png
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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 purchases min, 3 ETH-30BNB Max.

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 -Sale
  • 85,000 MGB - Initial Liquidity
  • 35,000 MGB - Marketing, Promotion and Community Engagement.
  • 30,000 MGB - Team Tokens
  • Presale - 1 ETH = 999 MGB ($ 1.5 *)
  • 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.

based on a price of ETH $ 1500.00

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.

based on the BNB price of $ 250.00

Magic Balancing Community

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