Magic Balancing

Magic Balancing

Decentralized Finance is a topic of conversation because of the innovative character of its services which are inclusive (everyone can get the same service, without minimum transactions), open source (transparent, everyone can contribute), non-custodial (service providers do not store data and do not have access to funds from customers) and does not have an intermediary because it is regulated by a smart contract so that it saves a lot of costs and has very flexible space in determining interest rates for both lenders and lenders.

introduction

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 community driven project and future community governance can only be achieved through voting.

Magic Balancing Feature

Rebalance
Each $ MGB token price rebalance can go up to% 2. This can happen every hour up to 24 times a day! After 1 week Presale expires $ 1 MGB worth of $ 4000 for this mechanism.
Exchange
Exchange is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain and Ethereum Mainnet.
ETH ~ BSC Bridge Mechanism
that allows token exchange between cross chains without impermanent loss.

$ MGB token

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.
The $ MGB token is very simple and has only two functions.

Function A
1% is added to liquidity when selling, buying, and txn ~ This allows us to continue to have liquidity to run Function B.
LP Rewards
~ 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 MagicSwap is released
All taxes go to the address to be added to $ MGB / rETH in the
MagicSwap B Function
Buy and Burn Liquidity B 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)

• Magic Balancer Features •

Rebalance
Each $ MGB token price rebalance can go up to% 2.  This can happen every hour up to 24 times a day! After 1 week Presale expires $ 1 MGB worth of $ 4000 for this mechanism.

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

ETH ~ BSC Bridge  Mechanism  that allows token exchange between cross chains without impermanent loss.

Magic Balancing Roadmap:

K1 2021

Tokomics development and
Contract development, front site and dAPP functions.
Writes the white paper 
of the
MGB Pre-sale Launch at Uniswap and Pankeswap.
Starting an influential marketing campaign,
Community Development and Partnership Generosity Campaign
Q2 2021

ETH ~ BSC Bridge
Reliable project partnership
Q3 2021

Launch of MagicSwap
Creating MGB DAO for
Transfer of Management  Ownership  based on management agreement
Q4 2021

Preparing roadmap for 2022
• $ MGB token •

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.
The $ MGB token is very simple and has only two functions.

(Function A)
1% added to liquidity when selling, buying and txn ~ This allows us to continue to have liquidity to carry out Function B.
LP Rewards

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 provide liquidity.
After MagicSwap is released
All taxes go to the address to be added to $ MGB / rETH in MagicSwap
(Function B) The
Liquidity Buy and Burn 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)

When the function is called:

2% of liquidity removed
Liquidity is then divided into ETH and $ MGB
ETH market buys $ MGB
95% of MGB then burnt
5% of MGB sent to function callers (to incentivize user spending gas, for 1% BSC)
Tokenomics •

Tokenomics for ETH Chain

300,000 MGB - Total Supply  https://etherscan.io/token/0xf4f3d6a60765bf705b27716f50fccba5f0ea0ca1
150,000 MGB - Pre-Sales
85,000 MGB - Initial Liquidity
35,000 MGB - Marketing, Promotion and Community Engagement.
30,000 MGB -
Presale Team Tokens - 1 ETH = 999 $ MGB ($ 1.9)
Presale Max Buy = 3 ETH ($ 5,700)
Initial Listing - 1 ETH = 799 $ MGB ($ 2.38) ~ 25% higher than presale
Hardcap = 30 ETH ($ 57,000)
70% ETH (21 ETH - $ 39,900) is reserved 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 BSC

300,000 MGB - Total Supply  https://bscscan.com/token/0xf78839b9e972cf15014843a7ca5ebf1e321a284c
150,000 MGB - Pre-sales
85,000 MGB - Initial Liquidity
35,000 MGB - Marketing, Promotion and Community Engagement.
30,000 MGB -
Presale  Token Team  - 1 BNB = 99 $ MGB ($ 2.5)
Maximum Pre-sale Purchase = 30 BNB ($ 7,500) ~ No
Initial Listing minimum amount - 1 BNB = 79 $ MGB ($ 3.16 ) ~ 25% higher than presale
Hardcap Presale = 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.

Magic Balancing Community •

Official Site:  http://magicbalancer.org/
Whitepaper:  https://github.com/MagicBalancer/Whitepaper/blob/main/whitepaperv1.pdf
Telegram:  https://t.me/magicbalancer
Github:  https: // github .com / magicbalancer
Medium:  https://wizarddefi.medium.com/
Twitter:  https://twitter.com/magicbalancer
Snapshot:  https://vote.magicbalancer.org

Username: Lautaromartines Link: https://bitcointalk.org/index.php?action=profile;u=3122437