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.
The MGB token comes from the community and is a flexible project driven by the community and future community governance can only be achieved through voting.
Recommended process for initiating a proposal:
Send the draft proposal to our telegram group chat.
Conduct an off-chain survey after careful discussion.
Post proposals for governance forums and improve their content.
Create management contracts and run voting campaigns in the MGB community.
Magic Balancing Tokenomics:
Binance Smart Chain Tokenomics:
Total supply: 300,000 MGB
Presale: 150,000 MGB
Initial liquidity: 85,000 MGB
Marketing: 35,000 MGB
Team Coins: 30,000 MGB
Awarded for liquidity: 70% BNB
Provides future development, partnerships, marketing, community building, shareholding and team expansion: 20% BNB
Reference Prize: 10% BNB
** Tokenomic ETH **
Presale: 150,000 MGB
Initial liquidity: 85,000 MGB
Marketing, Promotion & Community Engagement: 35,000 MGB
Team Coins: 30,000 MGB
Provided for liquidity: 70% ETH
Provides future development, partnerships, marketing, community building, sex job listings and team expansion: 20% ETH
Referral prize: 10% ETH
Magic Balancing Roadmap:
K1 2021
Tokomic development and functions
Contract development, front site and dAPP.
Writing white paper
Pre-sale
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
K4 2021
Prepare a road map for 2022
More information about this project:
Website: https://magicbalancer.org
Whitepaper: https://github.com/MagicBalancer/Whitepaper/blob/main/whitepaperv1.pdf
Twitter: https://twitter.com/magicbalancer
Telegram: https: //t.me/magicbalancer
Github: https://github.com/MagicBalancer
Snapshot: https://vote.magicbalancer.org
BTT: https://bitcointalk.org/index.php?action=profile;u=1011357
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