MAGIC BALANCER

kevinvaonav (57)in CryptoDog • 4 years ago

IDENTIFICATION

MAGIC BALANCER IS a DEFI token that has given tremendous rewards to all active users through the Smart Protocol contract.

MGB tokens are designed to be sustainable and maximize their value by truly deflating and encouraging users to do so actively by offering extraordinary rewards. each reward distributed by MGB tokens never hurts the overall supply, this means the growth of MGB tokens will never be hindered in any way.

every Magic Balancer protocol is built to be 100% untrustworthy and requires no human interaction to keep it running. This ensure that all Magic Balancer protocols can run forever and are never closed by humans intervention. it also means that as a token holder you don't have to put your trust in any human being for any reason.

the only thing you can trust in crypto space is code, it never lies and once used, it can never change its ways. the best project in crypto is the one that provides 100% trustless protocol and proves that fact with complete code transparency. this is what Magic Balancer has to offer, this is our core belief and the only way we will release a protocol.

The unique feature of MGB smart contracts allows specific addresses such as Uniswap pools or exchange wallets
blocked from getting charged. The fee percentage you earn is calculated by the percentage of MGB you have between holders.

there is no team or central party to charge. There is no interface for claiming fees. No action required
taken on your side in addition to holding MGB in the wallet you control.

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WHY BINANCE SMART CHAIN?

With the Ethereum gas price is very large at the time we want to provide a way to help combat them with ability
trade on the BSC blockchain. Low transaction fees.

we want to give all MGB holders the opportunity to build a second, usable ecosystem no matter what the bottlenecks and fees sometimes suffered when using blockchian Ethereum.

IS THERE A CODE DIFFERENCE BETWEEN ETH-BSC CHAIN?

No, there is no fundamental difference between the two chains but there are minor value changes (eg call function
reward% 1 for BSC)

WHAT IS THE DIFFERENCE OF A BSC ECOSYSTEM WITH ETH ECOSYSTEM?

Because each blockchain has its own ecosystem, both chains have a life of their own, this means the price in the BSC may not always the same on the ETH blockchain.

WILL THERE BE A BSC BRIDGE TO ETH?

Yes, we are planning to launch our own MGB token bridge which will allow you to swap your BEP20 MGB for ERC20 MGB and vice versa. But until this is done, you won't be able to trade the entire chain.

HOW DO I INTERACT WITH THE BSC CONTRACT IN MAGIC BALANCER?

Just change the network in your Metamask or use the BSC wallet to connect our site. For our current BSC developed the same as magic balancer for the ethereum network.

DOES MAGIC BALANCER TEAM DEVELOP ITS OWN BSC SWAP?

Yes, the BSC exchanges we use are custom made by the development team. The best place to handle our customs token metrics and provide the best security. There's a built-in LP lock in the swap too so you can be sure of that all LPs are locked for 90 days at a time. The current swap is very limited in its ability to handle trades with tokens that have special metrics, so we need to develop our own swap to fit our mechanism.

We also improve the buyback structure with our own swaps because we coded the buyback ability to be able to fairly remove them amount of MGB from LP, saving you a lot of steps in the repurchase process. after we can add the price

GOVERNMENT

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

RECOMMENDED PROCESS FOR INITIATING A PROPOSAL:

Put the draft proposal in our Telegram group chat.
Conduct an off-chain survey after thorough discussion.
Publish the proposal in the governance forum and revise its content.
Create governance and campaign contracts.

to get votes in the MGB community, the voting period for each proposal is 3 days. If the quorum reaches 20% and the support level reaches 66% at the end
voting, the proposal is deemed passed.

LAUNCHING

Starting in March. 2rd at 19:00 UTC. No need for a whitelist. held live on
magicbalancer.org , to participate simply connect your Metamask, enter the amount of ETH you want send and click buy. MGB tokens will be returned immediately via our pre-sale contract. Metamask preferably, don't use exchange accounts.

No min, maximum purchase of 3 ETH-30BNB.
10% referral prize is distributed instantly via a pre-sale contract. Click the REFERRAL button in the Presale section and copy the file referral link (required to connect with the wallet).