Magicbalancer.org - Options For Decentralized Finance

By Yolo Review | Cryptoinforman | 31 Mar 2021

source : magicbalancer.org

Greetings again friends with me piqulhdt28 I want to give a little idea about the arrival of a very extraordinary project that has given us all an opportunity. And we all around the world know how difficult it is to solve economic problems during the Covid pandemic to date. And in the midst of the Covid-19 pandemic, not all business sectors have been affected, but some are increasingly showing an increase in income. One of them is the DeFi project. This project was developed in 2019.

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DeFi tokens (decentralized financial tokens) have disrupted the financial sector throughout 2020. While many projects are still in their early stages of development, DeFi tokens have surfaced and caused craze in the crypto market which of course reminds us of the euphoria of Bitcoin, Ethereum, and others in the past 2017. Decentralized Finance or DeFi is a system that aims to provide financial services that are open, unlicensed, transparent and available to everyone without a centralized authority.

DeFi can be a global alternative to any financial service in use today. For example, savings, loans, trade, insurance and others can be accessed by anyone in the world using only a smartphone and an internet connection

Perform a function The best project in crypto is one that provides 100% trustless protocol and proves that fact with complete code transparency. This is what Magic Balancer offers, it is the core belief of Magic Balancer and the only way of Magic Balancer will release the protocol.

Magic Balancer is a deflationary governance DEFI token which provides exceptional rewards to active users via Smart Contract protocols, while seamlessly incorporating transactional rewards with liquidity rebalancing features. 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. Every Magic Balancer protocol is built to be 100% trustless and require 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.

In essence, MGB tokens charge a 1% fee and the return fee is distributed to existing MGB holders instantly and automatically on every transaction. The unique feature of the MGB smart contract allows addresses certain items such as uniswap shared pools or exchange wallets are blocked from cost of income.

Unique features of the MGB smart contract allow certain addresses like the Uniswap pool or exchange wallets to be blocked from earning fees. Bicause of this, 100% of the fees generated go to holders of the token. The percentage of fees you earn is calculated by the percentage of MGB that you own among holders. This generates a much higher yield than would otherwise be possible.

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Rebalance
Every rebalance $MGB token price can raise up to %2. This can be happens every hour up to 24 times a day! After 1 week Presale end 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 that enables token exchange between cross chains without any impermanent loss.

Example (if 150ETH @ $ 150000 is raised in presale)

$ 157,500: 70% Liquidity on an exchange
2% liquidity Pool removed: $ 3,150
Divided into: $ 1,575 ETH and $ 1,575 MGB
5% of MGB shipped to celler: $ 78.85
Eth swap for MGB: $ 1,575
90% of MGB burned: $ 2,835

Value added (from the example above)

$ 1,575 ETH buy market
$ 2,835 MGB burned
$ 3,150 total capital balanced

This is one of the buyback statistics, buybacks can occur up to 24 times a day. with a minimum of 200 MGB tokens.

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$MGB’s KEY mechanic ensures that it’s 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. This token is designed specifically to be integrated into Necromancer’s ecosystem.
The $MGB token is extremely simple and only has two functions :

Function A
1% added to liquidity on sells, buys and txn’s ~ This allows us to constantly have liquidity to execute Function B.
LP Rewards
Each time function two is called, all $MGB from function one is distributed to LP providers.
All you need to do to get these rewards is provide liquidity.
Once MagicSwap is released
All tax goes to an address to later be added to $MGB /rETH in MagicSwap.
Function B
Liquidity Buy and Burn
Function becomes available once an hour and can be called by anyone.
Caller of the function will receive 5% of the $MGB for incentive to spend Gas.(%1 for BSC)

When function is called:

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

Tokenomics for ETH Chain

300,000 MGB — Total Supply https://etherscan.io/token/0xf4f3d6a60765bf705b27716f50fccba5f0ea0ca1
150,000 MGB — Presale
85,000 MGB — Initial Liquidity
35,000 MGB — Marketing, Promotions 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 presale
Presale Hardcap = 30 ETH ($57,000)
70% ETH (21 ETH — $39,900) provided towards liquidity.
20% ETH (6 ETH — $11,400) provides future development, partnerships, marketing, community building, cex listing and expanding team.
10% ETH (3 ETH — $5,700*) presale referral rewards.

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, Promotions and Community Engagement.
30,000 MGB — Team Tokens
Presale — 1 BNB = 99 $MGB ($2,5 )
Presale Max Buy = 30 BNB ($7,500) ~ No min amount
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.

UNSOLD TOKENS ARE BURNED AFTER PRESALE
The trading on Uniswap-Pancakeswap will progress instantly at the end of our presale.

All ETH-BNB allocated for initial liquidity is instantly deposited into the MGB token contract. The MGB token contract has a “createUniswapPair” function which can be seen on 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 the UNIswap trading pair.

There is no withdrawal codes installed on the MGB token contract so ETH-BNB cannot be withdrawn and LP tokens from creating the trading pair are locked for 90days after presale!