Dark Magic is a utility token with a 1.5% transaction fee and price floor mechanics via its unique, locked liquidity pool wrapper token: Drax.. As products and partnerships are made where Dark Magic has functionality in its own and other ecosystems, the volume and transfers of Dark Magic increases. This increase also uplifts the amount of transaction fees that go towards yield farming rewards, future development, and burning where tokens are removed from supply forever. As more tokens are locked into the liquidity pool and tokens are burned, the price floor of Dark Magic increases over time, creating an exponential growth curve. As liquidity is locked, any paired tokens to Dark Magic beneath the price floor can be accessed via a call function and "swept out" to use for the benefit of the project such as creating additional yield farms and rewards for other products and actions.
What is the highest value Dark Magic (DMAGIC) has ever reached?
Dark Magic (DMAGIC) reached its peak price at 1.69 $ on 27 May 2021, approximately 4 years ago ago. Presently, the current price is -96.39% lower than this all-time high.
What is the historical minimum price for Dark Magic (DMAGIC)?
The minimum price reached for Dark Magic (DMAGIC) was 0.05959 $, documented on 13 September 2024, more than a year ago. In comparison, the current price is 2.21%, it above this historical low.
What is the fully diluted valuation of Dark Magic (DMAGIC)?
The fully diluted valuation (FDV) of Dark Magic (DMAGIC) stands at $ 243,678. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 4,000,000 DMAGIC tokens. The realization of this FDV might take several years depending on the emission schedule of DMAGIC tokens.