Magic Balancer

Magic Balancing

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 reward 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.

Why is Binance Smart Chain?

With the enormous Ethereum gas price, we wanted to provide a way to help combat them with the ability to trade on the BSC blockchain. Transaction fees are very low when compared to the same transaction fees on ethereum, a BSC transaction can be as low as 5 cents.

We want to give all MGB holders the opportunity to build a 2 and usable ecosystem despite the bottlenecks and costs that sometimes suffer when using the ethereum blockchain.

Is There a Code Difference Between the ETH-BSC Chain?

No, there is no fundamental difference between the two chains but there are minor value modifiers (eg% 1 reward funchion caller for BSC)

What is the difference between the BSC ecosystem and the ETH ecosystem?

Since each blockchain has its own ecosystem, the two chains have their own lives, this means that the prices in the BSC may not always be the same on the ETH blockchain.

Will there be a BSC to ETH bridge?

Yes, we are planning to launch our own MGB token bridge which 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.

How do I interact with the BSC contract at 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.

Did the Magic Balancer Team develop its own BSC swap?

Yes, the BSC exchanges we use are tailor-made by the development team, who are 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. Swap is currently 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 a lot of steps in the repurchase process.

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

Starting in March. 17 at 19:00 UTC. No need for a whitelist. Two weeks max.

Held live on magicbalancer.org, to participate simply select which chain you want to buy, connect your Metamask, enter the amount of ETH-BNB 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, purchase 3 ETH-30 BNB 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)

Each $ MGB rebalance token price can go up to% 2. This can happen hourly up to 24 times a day!

After 1 week Presale expires $ 1 MGB worth of $ 4000 for this mechanism.

Example of one REBALANCE (if 300 BNB @ $ 250.00 are pooled in the presale)

$ 52,500 ~ 70% Liquidity On Listing

2% LP Removed ~ $ 1,050

Split Into ~ $ 525 BNB & $ 525 MGB

1% Of MGB Sent To Callers ~ $ 10.5

BNB Swaps For MGB ~ $ 525

90% Of MGB Burnt ~ $ 945

• Value Added (from the example above)

 $ 525 Buy BNB Market

$ 945 MGB Burned

$ 1,575 Total Capital Balanced

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 – Token Tim

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

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 – Token Tim

Presale - 1 ETH = 999 MGB ($ 1.5 *)

Buy Maks Presale = 3 ETH ($ 4,500 *)

Initial Listing - 1 ETH = 799 MGB ($ 1.88 *) ~% 25 higher than pre-sale

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 ETH $ 1500.00

UNSELLED TOKEN ARE BURNED AFTER THE PRESALE

Trade at Uniswap-Pancakeswap will expand instantly at the end of our presale.

All ETH-BNB allocated for initial liquidity is deposited directly into the MGB token contract. The MGB token contract has a “createUniswapPair” function which can be seen in contract write function # 6 at   https://etherscan.io/address/0xf4f3d6a60765bf705b27716f50fccba5f0ea0ca1#writeContract

This function ensures that all ETH-BNB provided for liquidity can only be used to create UNIswap trading pairs.

No withdrawal code is installed on the MGB token contract so ETH-BNB cannot be withdrawn and the LP token from the trading pair creation is locked for 90 days after the pre-sale!

INFORMATION

http://magicbalancer.org/
https://github.com/MagicBalancer/Whitepaper/blob/main/whitepaperv1.pdf
https://t.me/magicbalancer
https://github.com/magicbalancer
https://wizarddefi.medium.com/
https://twitter.com/magicbalancer
https://vote.magicbalancer.org

Username: Trenggalex Link: https://bitcointalk.org/index.php?action=profile;u=3198662