Magic Birds Token price

MBT

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.

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.