Magic Balancer 

Magic Balancer 

 ETH-BSC chain rebalancing protocol

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.

What is a Magic Balancer?

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 losses.

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.
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 and then add it to $ MGB / rETH on 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 is removed
• Liquidity is then divided into ETH and $ MGB
• ETH market buys $ MGB
• 95% of the MGB was then burned
• 5% of MGB is sent to function callers (to incentivize user exhaust gas, for BSC% 1)

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.

Recommended Process for Starting a Proposal:

---

Send the draft proposal to our telegram group chat. Conduct an off-chain survey after careful discussion. Post proposals for governance forums and improve their content. Create a management contract and run a voting campaign in the MGB community. 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 – Community Marketing and Engagement .
30,000 MGB –
Presale Team Tokens – 1 ETH = 999 MGB ($ 1.5  )
Presale Max Buy = 3 ETH ($ 4,500  )  Early Enrollment
– 1 ETH = 799 MGB ($ 1.88  ) ~ 25% higher than presale
Hard cap = 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.
based on
Tokenomics’ ETH $ 1500.00 price for BSC
300,000 MGB – Total Supply  https://bscscan.com/token/0xf78839b9e972cf15014843a7ca5ebf1e321a284c
150,000 MGB – Pre-sale
85,000 MGB – Initial Liquidity
35,000 MGB – Marketing, Promotion and Community Engagement.
30,000 MGB –
Presale Team Tokens – 1 BNB = 99 MGB ($ 2.5)
Presale Max Buy = 30 BNB ($ 7,500) ~ No minimum amount
Initial Listing – 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.
based on the BNB price of $ 250.00

Magic Balancing Roadmap:

K1 2021

• Tokomic development and functions
• Contract development, front site and dAPP.
• Writing white paper
• Pre-salt
• Launch of MGB at Uniswap and Pankeswap.
• Start an impactful marketing campaign
• Community Development and Partnership Generosity Campaign

K2 2021

• ETH ~ BSC Bridge
• Reliable project partnerships

K3 2021

• Launch of MagicSwap
• Creating MGB DAO for Management
• Transfer of ownership based on management agreement

K4 2021

• Prepare a road map for 2022

Magic Balancer Community
Official Website:  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
Governance:  https: // vote. magicbalancer.org

by ; zhenzei link: https://bitcointalk.org/index.php?action=profile;u=2579433