Magpie

Hello Magpies! Today, full of joy and excitement, we officially announce our Mainnet launch.After running on testnet for weeks, Magpie is ready to launch on Mainnet! Big thanks to all of our amazing supporters, from our partners to every community member let’s continue to grow #BNB. We have already converted &#43;1.5 million WOM tokens (Pre-launch) after joining the Wombat incubation program and the platform has been audited by industry leader Peckshield. Magpie is laser-focused on building a safe, long-term sustainable protocol for users on BNB Chain. Check out our Gitbook for more information.In this article we will cover the main functionalities that are now available in the platform as well as provide information about airdrops, giveaway incentives and Magpie’s revenue distribution.Mainnet Launch Functionalities:<ul><li>WOM UP Party — Users can convert WOM tokens into mWOM to receive 5 MGP tokens for each converted mWOM. Only available at the WOM UP Party. Every WOM UP Party participant will get 10% extra bonus in MGP airdrop. (Rewards available until 4 million WOM are converted)</li><li>mWOM staking — WOM holders that want to earn passive income can convert their WOM tokens into mWOM to earn high rewards on Magpie.</li><li>Stablecoins staking — Users can stake their stablecoins on Magpie to earn boosted yields on single-sided pools without the need to lock any WOM.</li><li>Side Pools — Users can stake other stablecoins on Magpie to earn boosted yields without the need to lock any WOM. Currently available: BUSD and HAY.</li><li>BNB Pool — Users can stake their BNB and their Liquid BNB on Magpie to earn boosted rewards without the need to lock any WOM. Currently available: BNBx/aBNBc/stkBNB</li></ul>Revenue Distribution Details:80% of (WOM) revenue Magpie generates from Wombat Exchange will be distributed to liquidity providers. 18% of WOM will be distributed to mWOM stakers before the MGP Token Generation Event. 2% will be distributed to treasury.In order to bootstrap liquidity and reward our early supporters Magpie will offer 3% of the total supply as an airdrop after TGE. Take a look at how we will distribute $MGP tokens rewards for Magpie Mainnet Launch.$MGP Token Airdrop Details (3% of Total supply)<ul><li>2% for WOM UP Party — Magpie’s main goal is to accumulate WOM tokens to boost yields and to own governance benefits on Wombat Exchange. Early WOM converters who participate in our WOM UP Party will receive 5 MGP tokens for every WOM token converted into mWOM. This 5 to 1 ratio only applies to the first 4M WOM converted. On top of that, every user that participate will receive 10% MGP bonus for every WOM converted. The team will take a snapshot at Nov 1st 14:00 UTC.</li><li>0.30% for BAB holders — To support the BNB Chain community, we will airdrop 3 million MGP Tokens to BAB Token holders. To qualify, users need to hold Magpie’s Mainnet Launch OAT &#43; BAB token in their wallet. (300 MGP will be airdropped per user for 10,000 lucky Mainnet launch OAT holders). The team will take a snapshot at Nov 1st 14:00 UTC and conduct the lucky draw.</li><li>0.20% for Magpie Liquidity Providers before Magpie TGE (Main pools, Side pools, BNB pools) — To reward Magpie liquidity providers that support the platform before TGE we will share a 2 million MGP token airdrop. Magpie team will take several snapshots before TGE and the number of MGP airdrop rewards will be proportional to the TVL provided and deposit duration.</li><li>0.15% for Wombat Liquidity Providers including Main pools, Side pools, BNB pools) — To reward Wombat Exchange liquidity providers we will share a 1.5 million MGP token airdrop for them. Magpie team will take a snapshot before TGE and the number of MGP airdrop rewards for each users is proportional to the TVL provided.</li><li>0.10% for WOM holders (Including WOM/BUSD Liquidity providers on PancakeSwap) — To reward WOM holders we will share a 1 million MGP token airdrop for them. Magpie team will take a snapshot before TGE and the number of MGP airdrop rewards is proportional to the balance of WOM holding.</li><li>0.10% for veWOM holders — To reward long-term Wombat supporters we will share a 1 million MGP token airdrop for them. Magpie team will take a snapshot before TGE and the number of MGP airdrop rewards is proportional to the balance of veWOM holding.</li><li>0.10% for Coinmarketcap WOMwar Campaign — To raise awareness and maximize reach for users around the world we will share a 1 million token airdrop for Coinmarketcap Campaign.</li><li>0.05% for Testnet Early Bird OAT holders — To reward all users that hold our Testnet OAT we will share a 500k MGP token giveaway for them (this event has ended). The team will take a snapshot at Nov 1st 14:00 UTC.</li></ul>For BAB Token holders onlyIn our effort to support the Binance Account Bound token adoption, we will offer an exclusive giveaway for users who hold their SBT. In order to mint the Magpie Mainnet Launch OAT you must hold a BAB Token in your wallet. <a href="https://www.binance.com/en/support/faq/bacaf9595b52440ea2b023195ba4a09c" rel="noopener noreferrer nofollow">Here</a> is how to mint a BAB token in case you don’t already have one.Mainnet Launch Giveaway Details:To qualify for these airdrops, you need to<a href="https://galxe.com/magpiexyz/campaign/GCptnUt1Mz" rel="noopener noreferrer nofollow"> mint the Magpie Mainnet Launch OAT</a>:<ul><li>10,000 lucky BAB Token &#43; Mainnet Launch OAT holders will each receive a 300 MGP token airdrop. ( snapshot taken 2022–11–01 14:00 UTC)</li><li>2,000 users will share 6,000 $BUSD - Lucky Draw <a href="https://app.quest3.xyz/quest/696122072431067579" rel="noopener noreferrer nofollow">enter here</a></li><li>20 BabySwap Lands — Lucky Draw airdrop shared by 20 users</li><li>BurgerCities — 5 Gen0 Hero Mystery Boxes Lucky draw airdrop &#43; 2500 fashion crystal fragments</li><li>$1,000 SPACE ID gift card — Lucky draw airdrop shared by 200 users</li><li>1,000 $HAY Helio token giveaway — Lucky draw airdrop shared by 500 users</li><li>100 Link3 whitelist — Lucky draw airdrop shared by 100 users</li></ul>Results:<ul><li>MGP airdrop will be announced after TGE with a 12 month vesting schedule. ( <a href="https://docs.google.com/spreadsheets/d/1ZM3sL5x2gRqV3ieWbyujlNvhUzgHwEOIXaXBvMapnI4/edit#gid&#61;939243398" rel="noopener noreferrer nofollow">list with 10k winners</a>)</li><li>The 6000 BUSD Giveaway will be paid out instantly at the end of the campaign</li><li>All other giveaway winners will be announced 3 days after the campaign ends</li></ul>About Magpie XYZ: Magpie XYZ is a platform built on BNB Chain to boost yields for liquidity providers and governance token holders of veTokenomics protocols .Essentially the platform incentivizes governance token holders and liquidity providers to pool their assets together so that the platform can acquire governance tokens, convert them into veTokens, boost yield for liquidity providers, and in return share part of the protocol revenues derived from liquidity providers’ boosted profits back to governance token holders.<a href="https://www.magpiexyz.io/" rel="noopener noreferrer nofollow">Website</a> / <a href="https://twitter.com/magpiexyz_io" rel="noopener noreferrer nofollow">Twitter</a> / <a href="https://discord.com/invite/magpiexyz" rel="noopener noreferrer nofollow">Discord</a> / <a href="https://t.me/magpiexyz_io" rel="noopener noreferrer nofollow">Telegram</a> / <a href="https://docs.magpiexyz.io/" rel="noopener noreferrer nofollow">Gitbook</a> / <a href="https://link3.to/magpiexyz" rel="noopener noreferrer nofollow">Link3</a> / <a href="https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Magpie-v1.0.pdf" rel="noopener noreferrer nofollow">Peckshield Audit</a> / <a href="https://github.com/zokyo-security/audit-reports/blob/main/Magpie_Zokyo%20audit%20report.pdf" rel="noopener noreferrer nofollow">Zokyo Audit</a>

Magpie XYZ Mainnet Launch and Airdrop Details!

Magpie XYZ

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