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Author Topic: 🔵[ANN] MAGIC BALANCER | $MGB | Options for Decentralized Finance | PRESALE LIVE  (Read 426 times)
WizardDeFi (OP)
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March 02, 2021, 07:35:05 PM
Last edit: March 03, 2021, 01:53:06 PM by WizardDeFi
 #1

Magic Balancer


WEBSITE     AFFILIATE     TELEGRAM     TWITTER     WHITEPAPER


Introduction
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. This also means that as a token holder you never have to place your trust in any human for any reason.
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.

The $MGB Token

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


THE MGB TOKEN PROFIT MECHANISMS EXAMPLE

Example (if 30 ETH @ $1500.00 raised in presale)
~ $15,750(10,5 ETH) ~ 70% Liquidity On Listing
~ 2% LP Removed ~ $315
~ Split Into ~ $157,5 ETH & $157,5 MGB
~ 5% Of MGB Sent To Caller ~ $78,75
~ ETH Swaps For MGB~ $15,75
~ 90% Of MGB Burned ~ $283,5
Value Added (from example above)
~ $157,5 Eth Market Buy
~ $283,5 MGB Burned
~ $315 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).


ROADMAP

Q1 2021
•   Develop tokenomics and features
•   Develop contract, front end website and dAPP
•   Write whitepaper
•   Presale
•   Launch MGB on Uniswap and Pancakeswap
•   Start 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

The Launch

Starts on March. 2rd at 19:00 UTC. No whitelist needed.
Held directly on magicbalancer.org, to participate simply connect your Metamask, enter the amount of ETH you wish to send and click buy. MGB tokens will be instantly returned via our presale contract. Metamask is preferred, do not use exchange accounts.
No min, 3 ETH-30BNB Max buy.
10% referral reward distributed instantly via presale contract. Click REFERRAL button on Presale section and copy your referral link(required to connect with wallet)

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 ($1,5 *)
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.
*based on ETH price of $1500.00


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.
*based on BNB price of $250.00


UNSOLD TOKENS ARE BURNED AFTER PRESALE

Additional Resources
● Website: https://magicbalancer.org
● Telegram: https://t.me/magicbalancer
● Twitter: https://twitter.com/wizarddefi
● Governance: https://vote.magicbalancer.org
● Github: https://github.com/magicbalancer
● Discord: Coming soon

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WizardDeFi (OP)
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March 02, 2021, 10:51:20 PM
 #2

Why is the token under BSC is more expensive than your token under ETH network? And also, with many DeFi platforms already, I don't know if your platform has solid backing of other companies. Do you have private investors here other than relying from the community to buy your tokens?
It constantly changes even if you do start the same price because ETH/BNB pair. We are planning launch our 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.
Also we have private investors for MGB we will get hardcap before presale ends.

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March 02, 2021, 10:59:13 PM
Last edit: March 05, 2021, 12:55:20 AM by mandor
 #3

Since the presale has started, it should be the whitepaper already written, but I can't find it. Is it skipped for the sake of making a sale? If we go according to the roadmap that has been created. It's quite impossible to feel on forgetting the roadmap that you have designed yourself.

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WizardDeFi (OP)
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March 03, 2021, 12:13:39 AM
 #4

Since the presale has started, it should be the roadmap already written, but I can't find it. Is it skipped for the sake of making a sale? If we go according to the roadmap that has been created. It's quite impossible to feel on forgetting the roadmap that you have designed yourself.
You can see roadmap on this thread and whitepaper. Please don't just write to write! also i will share medium and twitter for everyone to see

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March 03, 2021, 12:54:55 AM
 #5

Secondbtc.com welcome your project in our exchange
contactus from twitter for listing

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March 03, 2021, 08:22:44 AM
 #6

Why is the token under BSC is more expensive than your token under ETH network? And also, with many DeFi platforms already, I don't know if your platform has solid backing of other companies. Do you have private investors here other than relying from the community to buy your tokens?
It constantly changes even if you do start the same price because ETH/BNB pair. We are planning launch our 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.
Also we have private investors for MGB we will get hardcap before presale ends.
So for the time being the chains between the two different networks have different pricing speculations too you mean? and for the future plans will be aligned? and what is your main goal of making 1 token in 2 networks?

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March 03, 2021, 10:29:51 AM
 #7

Project is in its very beginning, so many work need to be done in the near future. I think team will do a hell of a job till this project will be competitive
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March 03, 2021, 11:08:40 AM
 #8

Pretty good and stable combination between technologies with ethereum and binance smart chain. It is like standard of quality in our days Wink
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March 03, 2021, 05:04:21 PM
 #9

does this project has a soft cap and hard cap mate ?
or this project will run with all the money collected during the crowdsale stage, even if this project collected low funds
because i read if unsold token are burned after presale
regards
WizardDeFi (OP)
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March 03, 2021, 05:26:41 PM
 #10

does this project has a soft cap and hard cap mate ?
or this project will run with all the money collected during the crowdsale stage, even if this project collected low funds
because i read if unsold token are burned after presale
regards
No soft cap 30 ETH/300BNB hardcap , we already collected 11 BNB a day. project can run this liquidity but I'm sure we'll sale more token during presale. I am started AFFILIATE program to raise fund. You can join here ; https://bitcointalk.org/index.php?topic=5321242.msg56476997#msg56476997

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March 04, 2021, 02:09:25 AM
 #11

What about the details of the token sale time, when it starts and when it ends?
Then what about the development of the project and marketing? I don't see any updates on the Wizard twitter account, just 2 twets about your site and the presale starts
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March 04, 2021, 12:22:55 PM
 #12

I think this is quite an interesting project with a low total supply and has a reliable partner. but I haven't seen the transparency of your team. I searched your website and whitepaper, but haven't found it yet. will there be a bounty campaign program for this?

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...The Open..............
...Lending Platform...
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.SMARTFI..████
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...Join the SmartFi.....
...Token Sale...
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March 05, 2021, 04:22:55 AM
 #13

does this project has a soft cap and hard cap mate ?
or this project will run with all the money collected during the crowdsale stage, even if this project collected low funds
because i read if unsold token are burned after presale
regards
No soft cap 30 ETH/300BNB hardcap , we already collected 11 BNB a day. project can run this liquidity but I'm sure we'll sale more token during presale. I am started AFFILIATE program to raise fund. You can join here ; https://bitcointalk.org/index.php?topic=5321242.msg56476997#msg56476997

DeFi is slowing down already. Do you think you can still survive in this market? Your attaining small numbers here. Hopefully, this will not end bad for those investors of your project. How can you assure that this project will live longer so they can still get their initial investments and their profits at least?
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April 10, 2021, 11:29:32 AM
 #14

nice projekt,
You must have 200 MGB at least for rebalance.
will we need always 200 mgb s for rebalance, or will it change when price up
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