Magic Balancer $MGB Rebalance Protocol in ETH-BSC Chain

6 min readApr 3, 2021

About Magic Balancer

DeFi draws inspiration from blockchain, the development behind the high level money bitcoin, which allows a couple of components to hold a copy of a past loaded up with trades, which implies it isn't compelled by a single, central source. That is critical because concentrated systems and human watchmen can limit the speed and intricacy of trades while offering customers less quick control over their money. DeFi is undeniable considering the way that it develops the usage of blockchain from essential worth trade to more staggering money related use cases.

Magic Balancer is a deflationary organization DEFI token which gives amazing honors to dynamic customers by methods for Smart Contract shows, while perfectly solidifying contingent prizes with liquidity rebalancing features. MGB token is expected to be viable and grow its value by being truly deflationary and asking customers to be dynamic by offering extraordinary prizes. Each grant MGB token flows is never badly designed to the overall stock, this infers that the advancement of MGB token will not at any point be demolished in any way.

Every Magic Balancer show is attempted to be 100% trustless and require no human collaboration to keep them running. This ensures that all of Magic Balancer's shows can run everlastingly and never be shut somewhere near the eventual outcome of human mediation. This furthermore suggests that as an emblematic holder you never need to place your trust in any human for any reason. The solitary thing you can trust in the crypto space is code, it never lies and once its sent it can never change the way wherein it performs limits. The best endeavors in crypto are the ones that give 100% trustless shows and exhibit that reality with complete code straightforwardness. This is overall what Magic Balancer offers, this is our middle conviction and the single way we will anytime release shows.

At its middle, MGB charges a 1% trade cost and revises that charge to existing MGB holders promptly and thusly at the hour of each trade. Uncommon features of the MGB adroit agreement license certain will in general like the Uniswap pool or exchange wallets to be blocked from getting charges. Thusly, 100% of the charges made go to holders of the token. The degree of costs you acquire is dictated by the degree of MGB that you own among holders.

This makes much preferable return over would some way or another or another be possible. There is no gathering or central assembling that necessities to concede the charges. There is no interface to ensure the charges. No move ought to be made on your part other than to hold MGB in a wallet you control.

Why choose Binance Smart Chain?

With Ethereum gas costs galactic sometimes we expected to pass on a way to deal with assistance fight them with the ability to trade on the BSC blockchain. The trade costs are low when stood out from a comparative trade cost on ethereum, BSC trades can be just probably as low as 5 pennies. We expected to allow all MGB holders to manufacture a second organic framework that can be used paying little psyche to the obstruct and costs that are occasionally suffered while using Ethereum's blockchian. We are organizing dispatching our own MGB token framework that will allow you to trade your BEP20 MGB for ERC20 MGB and the reverse way around. At any rate until this is done you will not trade across the chains.

The BSC exchange we are using was solely worked by the headway gathering. It is best orchestrated to manage our custom representative estimations and give the best security. There is hidden LP locking on inside the exchange likewise so you can be ensured that all LP is rushed for 90 days at the same time. Current exchanges are incredibly limited in their abilities concerning dealing with trading with tokens that have custom estimations so we expected to develop our own exchange to interestingly oblige our mechanics. We also overhauled the buyback structure with our own exchange as we coded in the limit with respect to the buyback to have the choice to kill just the MGB entirety from LP, saving various methods during the time spent playing out a buyback.

At the point when we can add our exchange assessing to a site like Coingecko we will really need to then use ABI to do an outline on the exchange page. This will similarly allow the BEP20 transformation of MGB to have esteem following limit as well. For the current all BSC exchange limits are done clearly on our APP, this licenses customers the have the most fundamental time associating with our BSC natural framework.

The Launch

Starts on March. 2rd at 19:00 UTC. No whitelist required.
Held clearly on magicbalancer.org, to take an interest basically partner your Metamask, enter the proportion of ETH you wish to send and click buy. MGB tokens will be immediately returned through our presale contract. Metamask is preferred, don't use exchange accounts.
No min, 3 ETH-30BNB Max buy.
10% reference reward scattered rapidly by methods for presale contract. Snap REFERRAL button on Presale fragment and copy your reference link(required to connect with wallet)

The MGB Token

MGB's KEY expert ensures that it's uniswap cost is persistently extending in regard (Assuming Market pressures are fair). This is done by momentarily taking out a piece of liquidity from the MGB/ETH pair, market buying MGB with the ETH, by then devouring the entire of the extra MGB. Fundamentally rebalancing the Uniswap MGB/ETH pair and raising the assessment of MGB as indicated by ETH. This token is arranged expressly to be fused into Necromancer's natural framework. The MGB token is extraordinarily clear and simply has two limits.

Function A

1% added to liquidity on sells, buys and txn's
This licenses us to ceaselessly have liquidity to execute Function B.
LP Rewards
Each time work two is called, all MGB from work one is flowed to LP providers.
All you need to do to get these prizes is give liquidity.
Once MagicSwap is conveyed
All obligation goes to an area to later be added to MGB/rETH in MagicSwap

Function B

Liquidity Buy and Burn
Limit opens up once an hour and can be called by anyone. Visitor of the limit will get 5% of the MGB for inspiration to consume Gas.(%1 for BSC). Right when limit is called :
2% of liquidity is taken out
the liquidity is then part into ETH and MGB
ETH market buys MGB
95% of the MGB is then singed
5% of MGB delivered off visitor of the ability (to support customer spending gas, for BSC %1) To consider the Function its vital the visitor holds in any event 200 MGB
Tokenomics for ETH Chain
Hard and fast Supply : 300,000 MGB https://etherscan.io/token/0xf4f3d6a60765bf705b27716f50fccba5f0ea0ca1
Presale : 150,000 MGB
Starting Liquidity : 85,000 MGB
Publicizing, Promotions and Community Engagement : 35,000 MGB Team Tokens : 30,000 MGB
Presale — 1 ETH = 999 MGB ($1,5 *)
Presale Max Buy = 3 ETH ($4,500*)
Starting Listing — 1 ETH = 799 MGB ($1.88) ~ %25 higher than Presale Hardcap = 30 ETH ($45,000)
70% ETH (21 ETH — $31,500*) gave towards liquidity.
20% ETH (6 ETH — $9,000*) gives future unforeseen development, associations, advancing, neighborhood, cex posting and broadening gathering.
10% ETH (3 ETH — $4,500*) presale reference rewards. *based on ETH cost of $1500.00
Tokenomics for BSC
Complete Supply : 300,000 MGB https://bscscan.com/token/0xf78839b9e972cf15014843a7ca5ebf1e321a284c
Presale : 150,000 MGB
Initial Liquidity : 85,000 MGB
Displaying, Promotions and Community Engagement : 35,000 MGB Team Tokens : 30,000 MGB
Presale — 1 BNB = 99 MGB ($2,5 *)
Presale Max Buy = 30 BNB ($7,500*) ~ No min aggregate
Initial Listing — 1 BNB = 79 MGB ($3,16) ~ %25 higher than Presale Hardcap = 300 BNB ($75,000)