Magic Balancer

[DEFI] Magic Balancer $MGB Rebalance Protocol in ETH-BSC Chain

Introduction

Decentralized Finance DeFi (decentralized finance) is an economic and financial paradigm that has breathed new life into the digital currency industry. DeFi blockchain technology is a financial ecosystem without central control and intermediaries, where users interact via peer-to-peer and DAPP networks.

The main role of decentralized finance is to enable everyone to actually use payment systems and financial products, like those of classic banks, regardless of nationality or financial situation. In addition, DeFi’s significant advantages are the modular structure and interoperability between blockchains, which will allow the creation of the entire financial services market.

What is Magic Balancer ?

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.

Features

1. 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.

2. Exchange

The exchange is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain and Ethereum Mainnet.

3. ETH ~ BSC Bridge

Mechanism that enables token exchange between cross chains without any impermanent loss.

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

Token info

  • Ticker: MGB
  • Platform: Binance Chain, Ethereum
  • Token Type: Utility
  • Available for sale: 150,000 MGB (50%)
  • Total supply: 300,000 MGB

Financial

  • ICO Price: 1 MGB = 0.001 ETH
  • Accepting: ETH, BNB
  • Hard cap: 30 ETH

The Launch

1. 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.

2. 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

Magic Balancer 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

Conclusion

The decentralized finance protocol has been implemented on many platforms globally and allows crypto users to maximize brand profits in the crypto market through the various DeFi features provided. And Magic Balancer is a DeFi platform built based on Ethereum and BSC, providing exceptional rewards to active users via Smart Contract protocols and at the same time incorporating transactional rewards with liquidity rebalancing features. Magic Balancer operates without human intervention so that with or without humans, the Magic Balancer protocol will run forever and will not die. This makes Magic Balancer a profitable and safe platform for all participants.

For more information contact the Magic Balancer Project below:

AUTHOR:

Bitcointalk username: Jadon Sancho

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2954208

Telegram: @Jadonsancho09

ETH Address: 0x5541Bd8145965dFBE8CE3429898000605F689904

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