Rank #1410
mgp Magpie
$ 0.03689
0.065398 BTC
53 satoshies
Market Cap
17,70 MLN. $
24 Hour Trading Vol
7,386.1325 $
Circulating Supply
479,91 MLN.
Total Supply
1,00 BN.
Max Supply
1,00 BN.
Fully Diluted Valuation
35,32 MLN. $
Low
Range
High
Info
Contract
0xd06716e1ff2e492cc5034c2e81805562dd3b
45fa
Website
Explorers
Community
Search on
API id
Source code
tags
1h
24h
7d
1m
1y
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Magpie Price Statistics
0.03689 $
0.03494 $ / 0.03699 $
7,386.1325 $
#1410
17,70 MLN. $
0.2107 $
-82.49%
18 December, 2024, (8 months ago)
0.007893 $
367.43%
12 February, 2023, (3 years ago)
Magpie Top Markets
#
Exchange
Pair
Price
24h Volume
Volume
Trust Score
Magpie Performance
Trading Pair
day
week
month
mgp
/
usd
2.65%
5.71%
-32.94%
mgp
/
btc
2.65%
5.71%
-32.94%
mgp
/
eth
2.65%
5.71%
-32.94%
About Coin
Magpie XYZ is a platform built on BNB Chain to boost yields for liquidity providers and governance token holders of veTokenomics protocols.
veTokenomics, introduced by Curve, is a tokenomics model in which users must lock the governance token to veToken (vote-escrowed token) for a fixed period of time to increase their voting power and claims on a protocol's governance token emissions. This helps the protocol to control the governance token inflation and distribute more governance tokens to long-term holders. However, veTokenomics still have room for improvement and many veTokenomics protocols face the following issues:
- Limited user base - The requirement to buy & lock governance tokens prevents many risk-averse liquidity providers to participate.
- Limited income for veToken holders - veToken holders can earn zero or limited passive income.
- Expensive voting power - Voters must buy and lock governance tokens in order to gain voting rights.
Magpie XYZ offers a solution that helps the veTokenomics protocols to solve the above issues. Essentially the platform incentivizes governance token holders and liquidity providers to pool their assets together so that the platform can acquire governance tokens, convert into veTokens, boost yield for liquidity providers, and in return share part of protocol revenues derived from liquidity providers’ boosted profits back to governance token holders. Magpie XYZ helps veTokenomics protocols to:
- Get a diverse user base - Risk-averse liquidity providers can get boosted yield without the need of holding veToken.
- Increase income for veToken holders - veToken holders can share part of Magpie XYZ’s revenue.
- Lower the voting bar - Magpie XYZ provides a cost-effective way to acquire voting rights on veTokenomics protocols by leveraging sufficient veToken balance Magpie XYZ accumulated.
Magpie XYZ starts from the integration with Wombat Exchange, and will expand to more veTokenomics protocols like PancakeSwap. In the long term,
Where is Magpie available for purchase?
You can exchange MGP tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Magpie is Ourbit, notably the MGP/USDT pair, which saw a trading volume of $ 9,414.71 in the past day. Additionally, PancakeSwap V3 (Arbitrum) and PancakeSwap V3 (BSC) are popular alternatives for trading tokens.
What is the highest value Magpie (MGP) has ever reached?
Magpie (MGP) reached its peak price at 0.2107 $ on 18 December 2024, approximately 8 months ago ago. Presently, the current price is -82.49% lower than this all-time high.
What is the historical minimum price for Magpie (MGP)?
The minimum price reached for Magpie (MGP) was 0.007893 $, documented on 12 February 2023, more than 3 years ago. In comparison, the current price is 367.43%, it above this historical low.
What is the fully diluted valuation of Magpie (MGP)?
The fully diluted valuation (FDV) of Magpie (MGP) stands at $ 35,32 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,000,000 MGP tokens. The realization of this FDV might take several years depending on the emission schedule of MGP tokens.
How to add Magpie (MGP) to MetaMask?
By integrating Magpie (MGP) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import MGP as a token. You can either manually import MGP by copying its contract address (0xd06716e1ff2e492cc5034c2e81805562dd3b45fa) or use MetaMask's Chrome extension to add MGP with a single click through P.CASH.
How to add Magpie (MGP) to TrustWallet?
Incorporating Magpie (MGP) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include MGP, you can either manually import it using the contract address (0xd06716e1ff2e492cc5034c2e81805562dd3b45fa) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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