Magic Balancer
IntroductionMagic 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 TokenMGB’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 A1% 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 BLiquidity 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 EXAMPLEExample (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).
ROADMAPQ1 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 LaunchStarts 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 Chain300,000 MGB — Total Supply
https://etherscan.io/token/0xf4f3d6a60765bf705b27716f50fccba5f0ea0ca1150,000 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 BSC300,000 MGB — Total Supply
https://bscscan.com/token/0xf78839b9e972cf15014843a7ca5ebf1e321a284c150,000 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
