CryptocurrenciesTokensMagic Birds Token
MBT

Magic Birds TokenMBT

Rank # -
Token
On 694 watchlists

Status

Market data is untracked

This project is featured as an 'Untracked Listing'

For more details on the listing tiers, please refer to Listings Review Criteria Section B - (3)

Sponsored

MBT Price Live Data

What Is MAGIC BIRDS TOKEN (MBT)?

MagicBirdsTokenProtocol is a decentralized finance (DeFi) token. According to the MagicBirdsTokenwebsite, MagicBirdsTokenhas three functions that take place during each trade: Reflection, LP Acquisition and Burn. MagicBirdsTokenprotocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. According to an article, MagicBirdsTokenplans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps. With MagicBirdsTokenprotocol, token holders will earn more MAGİCBİRDSTOKEN depending on how many coins they have. This can be up to an 80% APY, which is staggering when compared to traditional interest accounts. MagicBirdsTokenprotocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency. MagicBirdsToken Protocol will be expanding to include an NFT marketplace and coin launchpad which will allow users to create their own cryptocurrencies via the platform. MagicBirdsTokenprotocol has an ambitious roadmap thanks to its growing popularity and they wish to be listed on the leading exchanges, launch a decentralized exchange (DEX), and increase their partnerships by the end of 2021. MagicBirdsTokenlaunched on 2021 with a MagicBirdsTokenprice of $0.000000000000010 and supply of 600 trillion MagicBirdsTokentokens. # What Makes MagicBirdsTokenUnique? The MagicBirdsTokenwhite paper notes that a big problem in the emerging DeFi industry is the existence of high APY LP-farms that don’t have easy access for newcomers to the space. With Magic Birds Token , they aim to use the idea of static rewards (making the reward conditional upon the volume of the token being traded) in order to remove any pressure on the token that could occur when tokens are sold. As well, the white paper notes that their “reflect mechanism” adds incentive for MagicBirdsTokenholders to keep their tokens for longer, or HODL. MBT’sAutomatic LP also adds stability to the protocol by providing a price floor/cushion for token holders. MBT’smanual burn strategy also helps MagicBirdsTokentoken holders in the long term, according to their white paper. # How Many MagicBirdsToken(MBT) Coins Are There in Circulation? The MagicBirdsTokenwhite paper describes the following: a total supply of 1,000,000,000,000,000, with 400,000,000,000,000 burned dev tokens and a fair launch supply of 600,000,000,000,000, The MagicBirdsTokenprotocol, according to the white paper, works in the following way: in each trade, the transaction is taxed with a fee of 10%, which is cut in half. While 5% of the fee is redistributed to all of the token holders at the time, the other 5% is then split in half again, with 50% sold by the contract into BNB, and the remaining 50% automatically paired with the aforementioned BNB and added to PancakeSwap as a liquidity pair. # How Is the MagicBirdsTokenNetwork Secured? The MagicBirdsTokenwhite paper has the following plan for the safety of its protocol: the developer burned all tokens in the Dev Wallet before launch, there was a fair launch on DxSale, the LP is locked on DxLocker for four year, and an LP is generated with every trade and locked on PancakeSwap.