Magic Balancer - Rebalance Protocol in ETH and BSC Chain. Governance Token

 


Cryptocurrencies such as Bitcoin that are known to have fixed supplies are deflationary by default. It provides some unique understanding of the dynamics of inflation versus deflation.

A cryptocurrency with a continuously depreciating supply in its blockchain is called a deflationary cryptocurrency. Deflation can be accomplished through burning some percentage of a coin being minted, buyback and burn, buyback and hold, and many more.

With Bitcoin, for example, the flexible mining difficulty and halving events guarantee a deflationary characteristic to its network. For instance, if you buy an item today for “X” amount of BTC, in the future, you will buy the same item for a lesser amount because of how the deflationary model works.

Advantages of Deflationary Cryptocurrencies

1. It enables companies to avoid circulating unsold coins to the market

2. Maximizes the profit

3. To increase the valuation of the coin

4. To avoid circulating the coins created through an error made on its issuance on the smart contract address

What is Magic Balancer Protocol?

Magic Balancer is a deflationary governance DEFI token that provides exceptional rewards to active users via Smart Contract protocols, while seamlessly incorporating transactional rewards with liquidity rebalancing features.

Every Magic Balancer protocol is built to be 100% trustless and requires no human interaction to keep them running. This ensures that all of Magic Balancer’s protocols can run forever and never be shut down by the result of human intervention. This also means that as a token holder you never have to place your trust in any human for any reason.

What is MGB Token?

MGB token is designed to be sustainable and maximize its value by being truly deflationary and encouraging users to be active by offering exceptional rewards. Every reward MGB token distributes is never detrimental to the overall supply, this means that the growth of MGB token will never be hindered in any way.

Features of MGB Token

  • Unique features of the MGB smart contract allow certain addresses like the Uniswap pool or exchange wallets to be blocked from earning fees.
  • At its core, MGB charges a 1% transaction fee and re-distributes that fee to existing MGB holders instantly and automatically at the time of each transaction.
  • There is no team or central party that has to award the fees. There is no interface to claim the fees. No action needs to be taken on your part other than to hold MGB in a wallet you control.

MGB’s KEY mechanic ensures that its uniswap price is constantly increasing in value (Assuming Market pressures are neutral). This is done by temporarily removing a portion of liquidity from the MGB /ETH pair, market buying MGB with the ETH, then burning the entirety of the remaining MGB. Essentially rebalancing the Uniswap MGB /ETH pair and raising the value of MGB in relation to ETH.

The MGB token is extremely simple and only has two functions.

Function A

1% added to liquidity on sells, buys and transactions This allows us to constantly have the liquidity to execute Function B.

LP Rewards

  1. Each time function two is called, all MGB from function one is distributed to LP providers
  2. All you need to do to get these rewards is provide liquidity.

Function B

  1. Liquidity Buy and Burn
  2. Function becomes available once an hour and can be called by anyone.
  3. The caller of the function will receive 5% of the MGB for an incentive to spend Gas.(%1 for BSC)

When the function is called:

  1. 2% of liquidity is removed
  2. the liquidity is then split into ETH and MGB
  3. ETH market buys MGB
  4. 95% of the MGB is then burned
  5. 5% of MGB sent to caller of the function (to incentivize user spending gas, for BSC %1)

To call the Function its required the caller holds a minimum of 200 MGB

PROFIT MECHANISMS OF MAGIC BALANCER

If 150ETH @ $1500.00 raised in 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 Caller ~ $78,75
  • ETH Swaps For MGB~ $1,575
  • 90% Of MGB Burned ~ $2,835

Value Added

  • 1,575 Eth Market Buy
  • 2,835 MGB Burned
  • 3,150 Total Capital Rebalanced

This is stats from only a single buyback, buybacks can happen up to 24 times per day.(with a minimum of 200 MGB tokens).

Why Magic Balance Binance Smart Chain?

The transaction fees are very low when compared to the same transaction cost on ethereum, BSC transactions can be as low as 5 cents. Magic Balancer wanted to provide all MGB holders the opportunity to build a 2nd ecosystem that can be used regardless of the congestion and costs that are sometimes suffered when using Ethereum's blockchain

BSC to ETH bridge on Magic Balancer:

Magic Balancer planning to launch its own MGB token bridge that will allow you to trade your BEP20 MGB for ERC20 MGB and vice versa. However, until this is completed you will not be able to trade across the chains.

Magic Balancer Swap Features:

  • Zero Swap Fees
  • 2% required slippage amounts
  • Built-in 90 days LP locking, read function "getUserLock" then input MGB's contract address and click query for LP unlock time.
  • Flashloan and Flashswap protected, designed for user interaction only
  • No liquidity providing necessary for functionality.

Governance

MGB token originates from the community and is a flexible community-driven project. MGB is the governance token of the community, and future community governance can only be achieved through MGB voting

The voting period of each proposal is 3 days. If the quorum reaches 20% and the support rate reaches 66% at the end of the voting, the proposal is deemed as passed.


Tokenomics for ETH Chain

  • Total Supply - 300,000 MGB
  • Presale - 150,000 MGB
  • Initial Liquidity - 85,000 MGB
  • Marketing - 35,000 MGB
  • Team Tokens - 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 presale
  • Presale Hardcap = 30 ETH ($45,000*)
  • 70% ETH (21 ETH — $31,500*) provided towards liquidity.
  • 20% ETH (6 ETH — $9,000*) provides future development, partnerships, marketing, community building, cex listing and expanding team.
  • 10% ETH (3 ETH — $4,500*) presale referral rewards

Tokenomics for BSC

  • Total Supply - 300,000 MGB
  • Presale - 150,000 MGB
  • Initial Liquidity - 85,000 MGB
  • Marketing - 35,000 MGB
  • Team Tokens - 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*) provided towards liquidity.
  • 20% BNB (60 BNB — $15,000*) provides future development, partnerships, marketing, community building, cex listing and expanding team.
  • 10% BNB (30 BNB — $7,500*) presale referral rewards.

ROADMAP

Q1 2021

• Develop tokenomics and features

• Develop contract, front end website and dAPP

• Write whitepaper

• Presale

• Launch MGB on Uniswap and Pancakeswap

• Start an influencer marketing campaign

• Community growth and bounty campaigns for partnerships

Q2 2021

• ETH ~ BSC bridge

• Secure project partnerships

Q3 2021

• MagicSwap Launch

• Create MGB DAO for governance

• Transfer contract ownership to governance contract

Q4 2021

• Preparing a 2022 future roadmap

Conclusion:

The only thing you can trust in the crypto space is code, it never lies and once its deployed it can never change the way it performs functions. The best projects in crypto are the ones that provide 100% trustless protocols and prove that fact with complete code transparency. This is exactly what Magic Balancer offers, this is our core belief and the only way we will ever release protocols.

Website: https://magicbalancer.org/
Whitepaper: https://github.com/MagicBalancer/Whitepaper/blob/main/whitepaperv1.pdf
Telegram: https://t.me/magicbalancer
Twitter: https://twitter.com/magicbalancer
Governance: https://vote.magicbalancer.org/#/
Github: https://github.com/magicbalancer

Bttt UserName : gulsoom2020
Profile BTT : https://bitcointalk.org/index.php?action=profile;u=2543035


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