In this article, we will discuss the DeFi project again. The DeFi trend continues, initially this trend was in 2020. However, until now DeFi is still being adopted as the latest concept which is very profitable. Yaps, this is because many of the community of traders and small investors often play here to get more profit, from the concept of "DeFi" because DeFi has unique properties where everyone can add the so-called "Liquidity" to be able to trade on instant trades that are frequent. we call the AMM exchange. AMM exchange is very different from a Centralized Exchange like trading Spot. This exchange takes advantage of Liqudity to be able to exchange coins instantly. And people who add Liquidity will get a share of the profits from the "Shared Pool".
There is also something called Yield Farming. Where everyone can take advantage of this feature to invest in the short, medium, and long term. Farming is very popular with the cryptocurrency community today. because with this feature it often makes the Project assets increase many times, This makes two things profitable. The first is because of Yield Farming and because prices have gone up so high. Yield Farming utilizes Annual Precentage Rate (APR) and Annual Prcentage Yield (APY). The high income of Farming is scaled from APR, APY and user capital. The higher the more.
Well, in this article we will also learn and introduce a DeFi project called MagicBalancer . Before entering the discussion, I hope that we all also read the MagicBalancer Whitepaper.
What is MagicBalancer?
MagicBalancer is a DeFi token with DeFi deflation governance that provides amazing rewards to users active in the smart contract protocol, while smoothly loading transaction rewards with liquidity rebalancing fituers. MGB tokens are designed to be sustainable and maximize their value to be truly deflationary and encourage active users to offer amazing prizes. Each prize will be distributed via MGB tokens with a structured supply, this means that the growth of MGB tokens will not be hindered by anything.
Every MagicBalancer protocol is built to be 100% reliable and requires no human interaction to keep it running. This means all MagicBalancer protocols can run indefinitely and are never closed by the intervention results. This also means that as a token holder there is no need to place trust in anyone for whatever reason.
The only thing we can trust in the world of cryptocurrency is code, because code never lies and once ordered it cannot change the way it functions. The best dicrypto projects are those that provide 100% protocol and prove that fact with complete code transparency. This is what MagicBalancer has to offer, it is the core of the platform itself and the only way the team will release a protocol.
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 MGB smart contracts allows certain addresses such as a uniswap shared pool or exchange wallet to be blocked from earning charges.
therefore, 100% of the fees generated will go to the token holder. The percentage of fees you earn is calculated by the percentage of MGB we have among many holders. This yields a much higher yield. No team team or central party provides fees. There is no need for action on your part other than to detain the MGB in the wallet you control.
Magic Balancer Features Rebalance With each rebalance, the $ MGB token price can increase by up to% 2. This can happen hourly up to 24 times a day! In 1 week, the presale of this mechanism for 1 MGB worth of $ 4,000 will be finished. Exchange The Exchange is an Automated Market Maker (“AMM”) which allows you to exchange two tokens on the Binance Smart Chain and Ethereum Mainnet. ETH ~ BSC Bridge A mechanism that allows the exchange of tokens between cross-chains without losing volatility. The $ MGB Token The KEY $ MGB mechanism ensures that the uniswap price continues to increase in value (assuming neutral market pressure). This is done by temporarily removing a portion of the liquidity from the $ MGB / ETH pair, buying the $ MGB market for ETH, and then burning the remaining $ MGB completely. Essentially, the Uniswap $ MGB / ETH pair rebalanced and increased the $ MGB value in relation to ETH. This token is specially designed for integration into the Necromancer ecosystem. The $ MGB token is very simple and serves only two purposes. Function A 1% is added to liquidity on sales, purchases and transactions ~ This allows us to have liquidity at all times to carry out function B. LP Rewards ~ Each time function 2 is called, all $ MGB of function 1 is allocated to the LP provider. ~ All you have to do to claim this prize is provide liquidity. After the release of MagicSwap All taxes go to the address which will later be added to $ MGB / rETH on MagicSwap. Function B. The buy and burn liquidity function becomes available once an hour and can be called by anyone. Callers of the function will receive 5% of $ MGB as an incentive to use fuel (% 1 for BSC). When the function is called: 2% of liquidity is removed. Liquidity is then divided into ETH and the market buys ETH for MGB for MGB. 95% of the MGB was then burned. 5% MGB sent to function callers (to incentivize users to spend fuel, for BSC% 1) Magic Balancing Roadmap: K1 2021 Development of tokenomics and functions Contract development, front site and dAPP Writing white paper Pre-salt Launch of MGB at Uniswap and Pankeswap Start an influential marketing campaign Community Development and Generosity Partnership Campaign K2 2021 Bridge ETH ~ BSC Reliable project partnership K3 2021 Launch of MagicSwap Create DAO MGB for Management Transfer of ownership under management agreement K4 2021 Prepare road map for 2022When function is called: 2% of liquidity is removed Liquidity is then divided into ETH and $ MGB ETH market buys $ MGB 95% of MGB then burns 5% of MGB sent to function caller (to incentivize user spending gas, for BSC% 1) Tokenomics for ETH Chain300 .000 MGB - Total Supply https://etherscan.io/token/0xf4f3d6a60765bf705b27716f50fccba5f0ea0ca1150,000 MGB - Pre-sale 85,000 MGB - Initial Liquidity 35,000 MGB - Marketing, Promotion and Community Engagement 30,000 MGB - TimPresale Tokens - 1 ETH = 999 $ MGB ($ 1.9) Max Presale Purchase = 3 ETH ($ 5,700) Sign Up Initial - 1 ETH = 799 $ MGB ($ 2.38) ~ 25% higher than pre-sale Presale Hardcap = 30 ETH ($ 57,000) 70% ETH (21 ETH - $ 39,900) provided for liquidity.20% ETH (6 ETH - $ 11,400) provides future development, partnerships, marketing, community building, cex lists and expansion teams. 10% ETH (3 ETH - $ 5,700 *) pre-sale referral reward. Tokenomics for BSC300,000 MGB - Total Supply https://bscscan.com/token/0xf78839b9e972cf15014843a7ca5ebf1e321a284c150,000 MGB - Pre-sale 85,000 MGB - Initial Liquidity 35,000 MGB - Marketing, Promotion and Community Engagement 30,000 MGB - TimPresale Tokens - 1 BNB = 99 $ MGB ($ 2.5) Presale Max Buy = 30 BNB ($ 7,500) ~ No min amount Initial List - 1 BNB = 79 $ MGB ($ 3.16) ~% 25 higher than presale Presale Hardcap = 300 BNB ($ 75,000) 70% BNB (210BNB - $ 52,500) reserved for liquidity.20% BNB (60 BNB - $ 15,000) provides future development, partnerships, marketing, community building, cex lists and expansion teams. 10% BNB (30 BNB - $ 7,500 *) pre-sale referral reward.
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