MAGIC BALANCER

  DEFI Governance Deflation Token That Rewards Active Users Through the Smart Contract Protocol

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. MAGIC BALANCER FEATURES:

A. Balance back:

Each rebalance of the $ MGB token price can go up to% 2. This can happen hourly up to 24 times a day! After the 1 week Presale ended up with 1 $ MGB worth of $ 4000 for this mechanism.

b. Switching:

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

c. ETH ~ BSC Bridge:

A mechanism that allows the exchange of tokens between cross-chains without permanent loss.

d. Token $ MGB:

The KEY $ MGB mechanic ensures that uniswap prices continue 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 with ETH, then burning the entire remaining $ MGB. Essentially rebalancing Uniswap's $ MGB / ETH pair and increasing the $ MGB value in relation to ETH. This token is specifically designed to be integrated into the Necromancer ecosystem.

WHY CHOOSE BINANCE SMART CHAIN?

With the enormous Ethereum gas price, we wanted to provide a way to help combat them with the ability to trade on the BSC blockchain. Transaction fees are very low when compared to the same transaction fees on Ethereum; BSC transactions can be as low as 5 cents. We want to give all MGB holders the opportunity to build a 2 and usable ecosystem despite the bottlenecks and costs that sometimes occur when using the Ethereum Blockchain. Is there a Code Difference between the ETH-BSC chain? No, there is no fundamental difference between the two chains but there are small value modifiers (eg.% 1 caller function reward for BSC) What is the difference between a BSC ecosystem from an ETH ecosystem? Since each blockchain has its own ecosystem, both chains have a life of their own,

$ MGB TOKEN HAS ONLY TWO FUNCTIONS:

·         Function A:

1% added to liquidity on sell, buy, and txn ~ this allows us to continue to have liquidity to carry out Function B.

Hadiah LP

~ Every time function two is called, all $ MGB from function one is distributed to the LP provider.

~ All you need to do to get this reward is to provide liquidity.

After the Magic-Swap is released

All taxes go to the address to then be added to $ MGB / rETH on MagicSwap

·         Function B:

Buy and Burn Liquidity

The function is available once an hour and can be called by anyone.

Callers of the function will receive 5% of $ MGB in incentives to spend Gas. (% 1 for BSC)

Governance

The MGB token comes from the community and is a flexible community-based project. MGB is a community governance token, and future community governance can only be achieved through an MGB vote

The voting period for each proposal is 3 days. If the quorum reaches 20% and the support level reaches 66% at the end of the vote, the proposal is deemed to have passed.

Tokenomics for ETH Chain

• Total Supply - 300,000 MGB
• Presale – 150.000 MGB
• Initial Liquidity - 85,000 MGB
• Marketing - 35,000 MGB
• Token Tim – 30.000 MGB
• Presale - 1 ETH = 999 MGB ($ 1.5 *)
• Buy Maks Presale = 3 ETH ($ 4,500 *)
• Initial Listing - 1 ETH = 799 MGB ($ 1.88 *) ~% 25 higher than pre-sale
• Presale Hardcap = 30 ETH ($45,000*)
• 70% ETH (21 ETH - $ 31,500 *) is reserved for liquidity.
• 20% ETH (6 ETH - $ 9,000 *) provides future development, partnerships, marketing, community building, cex lists and expansion teams.
• 10% ETH (3 ETH - $ 4,500 *) pre-sale referral reward

Tokenomics for BSC

• Total Supply - 300,000 MGB
• Presale – 150.000 MGB
• Initial Liquidity - 85,000 MGB
• Marketing - 35,000 MGB
• Token Tim – 30.000 MGB
• Presale – 1 BNB = 99 MGB ($ 2,5 *)
• Presale Max Buy = 30 BNB ($ 7,500 *)
• Initial Listing - 1 BNB = 79 MGB ($ 3.16 *) ~% 25 higher than presale
• Presale Hardcap = 300 BNB ($ 75.000 *)
• 70% BNB (210BNB - $ 52,500 *) is 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.

ROADMAP

K1 2021

• Develop tokenomics and features

• Develop contract, front end website and dAPP

• Writing a whitepaper

• Presale

• Launched MGB at Uniswap and Pancakeswap

Start an influencer marketing campaign

• Community growth and bounty for partnership campaigns

K2 2021

• ETH ~ BSC Bridge

• Secure project partnerships

K3 2021

• Launch of MagicSwap

• Create a DAO MGB for government

• Transferring contractual ownership to a governance contract

K4 2021

• Prepare a road map for the future of 2022

Conclusion:

The only thing you can trust in the crypto space is code, it never lies and once implemented, it can never change the way it performs functions. The best projects in crypto are those that provide 100% trustless protocols and prove that fact with complete code transparency. This is what Magic Balancer has to offer, it is our core belief and the only way we will release a protocol.

Read more here:

Website:   https://magicbalancer.org

●  Telegram:  https://t.me/magicbalancer

●  Whitepaper:  https://github.com/MagicBalancer/Whitepaper/blob/main/whitepaperv1.pdf

● Twitter:  https://twitter.com/magicbalancer

● Governance:   https://vote.magicbalancer.org

● Github:  https://github.com/magicbalancer

by; Surakatah

link: : https://bitcointalk.org/index.php?action=profile;u=3198727