Magic Balancer is a deflationary governance DEFI token which provides exceptional rewards to active users via Smart Contract protocols, while seamlessly incorporating transactional rewards with liquidity rebalancing features.
MGB token is designed to be sustainable and maximize its value by being truly deflationary and encouraging users to be active by offering exceptional rewards. Every reward MGB token distributes is never detrimental to the overall supply, this means that the growth of MGB token will never be hindered in any way.
Every Magic Balancer protocol is built to be 100% trustless and require no human interaction to keep them running. This ensures that all of Magic Balancer’s protocols can run forever and never be shut down by the result of human intervention. This also means that as a token holder you never have to place your trust in any human for any reason.
Features
1. Rebalance
Every rebalance $MGB token price can raise up to %2. This can be happens every hour up to 24 times a day! After 1 week Presale end 1 $MGB worth of $4000 for this mechanism.
2. Exchange
The exchange is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain and Ethereum Mainnet.
3. ETH ~ BSC Bridge
Mechanism that enables token exchange between cross chains without any impermanent loss.
The $MGB Token
$MGB’s KEY mechanic ensures that it’s uniswap price is constantly increasing in value (Assuming Market pressures are neutral). This is done by temporarily removing a portion of liquidity from the $MGB /ETH pair, market buying $MGB with the ETH, then burning the entirety of the remaining $MGB. Essentially rebalancing the Uniswap $MGB /ETH pair and raising the value of $MGB in relation to ETH.
This token is designed specifically to be integrated into Necromancer’s ecosystem.
The $MGB token is extremely simple and only has two functions.
Function A
1% added to liquidity on sells, buys and txn’s ~ This allows us to constantly have liquidity to execute Function B.
LP Rewards
~ Each time function two is called, all $MGB from function one is distributed to LP providers.
~ All you need to do to get these rewards is provide liquidity.
Once MagicSwap is released
All tax goes to an address to later be added to $MGB /rETH in MagicSwap
Function B
Liquidity Buy and Burn
Function becomes available once an hour and can be called by anyone.
Caller of the function will receive 5% of the $MGB for incentive to spend Gas.(%1 for BSC)
When function is called:
2% of liquidity is removed
The liquidity is then split into ETH and $MGB
ETH market buys $MGB
95% of the MGB is then burned
5% of MGB sent to caller of the function (to incentivize user spending gas, for BSC %1)
BucksCake - DeFi Platform for Staking, Yield Farming, Cloud Mining and Exchange.
Decentralized finance - often called DeFi - refers to a shift from a traditional, centralized financial system to peer-to-peer finance made possible by decentralized technology built on top of the Ethereum blockchain.
Innovative projects consistently appear in the crypto industry with high return investments and a continuous trend, such as BucksCake is one of those projects that will attract large market investments. Why? because this project aims to create a safe and decentralized working model. BucksCake is the project you've been waiting for.
BKC is a DeFi protocol that aims to provide maximum drawback to the Ethereum ecosystem for everyone with access to the internet. BKC is unique in that it provides a completely secure and transparent experience as evidenced by smart contracts and a strong token system. BKC offers many services, ranging from staking and agricultural produce, which can be accessed by users on the unified BucksCake platform.
BucksCake privileges:
ULTRA - LIQUID
Users are interested in placing their tokens with liquidity provider Uniswap. Commissions from these tokens are processed. This commission percentage is distributed according to an autonomous strategy, such as the liquidity of LP tokens, and is converted into a buyback (ETH-BKC) (increasing the price). Every BKC token purchased will be sent to the staker / farmer.
RESISTANT INFLATION
BKC has a strong impact on every token. Every time BKC tokens are transferred, a small commission is charged directly by the farmers. This mechanism of action promotes maintenance and agriculture. The maximum number of BKC tokens is 450,000 units. And there will never be more of them.
COMMUNITY CONTROLLED
BKC holders will be able to vote on various proposals as long as they stake liquidity in the pool. The community will decide everything from developer fees and site design to access to certain farming options.
Distribution Tokens
The initial BKC will be distributed during the pre-sale event, where a portion of the ETH received will be exchanged for the BKC that delivers its first "price pump" project. After the pre-sale ends, unsold BKCs will be distributed among users as a one-time subsidy. As indicated earlier, BKC has no mining capability, the BKC limit (450,000) is fixed forever. There's no way to release more BKCs. The part of the unsold BKC will be used to add liquidity to other DEX platforms such as SushiSwap, and some of this will be distributed as an Airdrop to the first investors and media partners and some will be burned.
Staking
and The BKC staking protocol allows users to stake ETH, USDT, DAI, USDC, WBTC, BNB (ERC20) and of course BKC using a special Staking DApp. With a 72 hour lockout period, users can immediately control their own tokens. The BKC Staking DApp can be found at: ssilka Unlike other platforms, BKC offers a fixed% return on their staked assets rather than offering an introductory high APR, which usually diminishes over a period of time. Our cuts ensure long-term stability with the current state of the token structure and a limited amount of 450,000 BKC as there are no mint terms in our token contracts.
Staking on our platform is designed to be as fast and easy as possible. With a single lockout period of 72 hours, users can enjoy the benefits of staking on our platform. Users can withdraw their funds at any time after the end of the lockout period. The prizes earned can be collected without any commission, excluding current gas prices. The token staked on our platform will reduce the available circulating supply, which will have a positive impact on the BKC price.
Agricultural produce
Yield Farming, or as some call it Liquidity Mining, is a major pillar of DeFi's advancement in the blockchain space. Yield Farming is a way to collect income from invested funds. BKC Farming allows you to get rewarded for providing liquidity across multiple liquidity pools. Users will be given a guaranteed payment of the Uniswap commission. The amount of the prize depends on the number of tokens provided for pool liquidity. The more members who join the base, the less each member will receive in the long run. When you add liquidity to the pool, you receive UNIv2 tokens (BKC-ETH) for the wallet you use to add liquidity. This token is your access to the current farm pool on the BKC platform.
Vault Returns
User Section A: (UNI-V2 is kept by you, I contract the total balance of UNI-V2) For example if there are 9,000 UNI-V2 (BKC / ETH) tokens collected in this Vault, and the user deposits 1000 UNI-V2. The total balance of token contracts collected by UNI-V2 (BKC-ETH) is 10,000. And User A's share now is: 1000 / 10,000 = 10% If user "B" deposits another 10,000 UNI-V2 (BKC-ETH) Tokens collected into this vault, the total contract balance of UNI-V2 collected Tokens (BKC- ETH) to 20,000. User A's new share becomes: 1000 / 20,000 = 5% If 200 BETH2 tokens are distributed to this vault per month, User A's earnings will be 200 x his share in% In the 5% share, his earnings will be 200 x 5% = 10 BETH2
BKC token
BKC is an ERC20 token and is used in every service available at BucksCake. The maximum supply is 450,000 BKC tokens. The tokens are deflational and the burning mechanism will destroy the tokens that are being farmed and staked after a while, leaving the last token amount (450,000–90,000) of tokens. In total, up to 90,000 tokens will be removed from the ecosystem and reports will be published in our community.
TOKEN ALLOCATION
Pre-sale: 94,500 BKC — 21%
Community: 135,000 BKC — 30%
Staking: 90,000 BKC — 20%
Liquidity Lock: 90,000 BKC — 20%
Marketing: 9,000 BKC — 2%
Team: 22,500 BKC — 5%
Reserve: 9,000 BKC — 2%
To start earning you will need:
REGISTER AND MAKE A DEPOSIT
At BKC, ETH, WBTC, USDT, DAI, USDC or BNB.
CHOOSE YOUR MINING PLAN
Three Packages Available.
REACH YOUR PROFIT
Key Notes
BECOME ONE OF US
Don't lose the opportunity to buy BKCs in first rounds!
1st Round price is 2 USDT - 12th Round price will be 20 USDT.
The Exchanges will list price after Pre-sale and it won't be less.
WHAT ARE THE POINTS OF INTEREST ON CONTRIBUTING BLOCKMEMBERS?
BlockMembers has made the main outright emblematic forefront that will move toward obvious impetuses on the Auto Construction industry that has as of late been pushed. The automated token, alluded to as Placeholder Participation (MP), is an ERC 20-like token with an expected starting conveyance of $ 0.10USD and restricted openness of 120 Million.
Our structures give an assortment of efficient power energy sunlight based with new structures.
Auto Construction upheld by AECROS upholds the improvement of new green advances to fabricate a superior future.
AECROS-controlled Auto Construction incorporates knowledge for a savvy and safe home for a superior future.
Our structures offer safe lodging in high danger storm zones. Everybody has the option to have a sense of security.
We mean to make and execute new and better strategies, rather than placing more assets into the messed up and inefficient frameworks of customary development rehearses.
Auto Construction upheld by AECROS gives Eco-Friendly arrangements all through the structure interaction.
The fast development of the AECROS building will give help with the occasion of a catastrophic event.
AECROS innovation empowers impermanent structures appropriate for the oil and gas area working in distant areas.
AECROS will comprise of a few zones which incorporate large scale manufacturing of MBU (Monetized Building Units)
Nonstop mechanical improvement to distantly fabricate structures all day, every day under any natural conditions.
Worldwide armada the board framework for constant checking of creation, down to site conveyance.
Square Members is the robot behind the machine. Empowering speedy, modest and moderate lodging for everybody is the explanation AECROS was made with auto development. Auto-Construction will join progressive offices to accomplish significance. This incorporates AECROS’ extraordinary square plans or MBU’s (Monetized Building Units) which have been being worked on by engineers everywhere on the globe since 2014. These MBU’s give outside to inside building properties including finishings, warming and electrical parts, plumbing, and protection in a solitary square accomplishing the most elevated contemporary guidelines today.
WHAT IS AUTO-CONSTRUCTION?
Auto-Construction is a new industry that seamlessly automates the end to end process of building property; From Real-Estate to Property Design through to all stages of Commercial and Residential construction.
THE FUTURE
AECROS will consist of multiple areas which includes mass-production of MBU’s (Monetized Building Units)
Continuous robotic development to construct buildings remotely 24/7 in any environmental conditions.
A global-fleet management system for real-time monitoring of manufacturing, through to site delivery.
1. CoinPayments
Pay with Ethereum, Bitcoin, Litecoin and others
We are offering a limited opportunity to be a part of the future of homebuilding. Limited Seed Round – Early Bird Incentive – First 1000 Participants Will Receive EXTRA 30% BONUS!
2. Minimum Purchase $200 / No Max
Disclaimer text: The Block Members program is not an investment and expressly excludes citizens of USA, Canada, and Macedonia. Participants from USA, Canada, and Macedonia may only participate under specific exemption rules. Contact us to speak with legal representative. Investor inquiry email: canada.usa@blockmembers.io.
3. CREDIT CARD
Visa, Mastercard, AMEX
If you would like to pay for your Membership using a credit card, please follow the link below, which will take you to our partner site AECROS.IO where you will be able to process your membership using regular currency via a credit card.
THE BLOCK TRADING PLATFORM
The first use of blockchain within AECROS is to build the Block ExchangeTrading DAPP. This enables traders to build block inventory (ie; member block holdings) on exchange. Physical block production parallels this exchange inventory, moving through the supply chain, and exiting the exchange into the physical market. Profits and results now become predictable and repeatable.
Membership Rewards Program
Will need a statement here to describe how these stages work:
Seed round of 10 Million Memberships in May/June, 2020
Given the opportunity to review the YFETH smart contract source code, we in the report outline our systematic approach to evaluate potential security issues in the smart contract implementation, expose possible semantic inconsistencies between smart contract code and design document, and provide additional suggestions or recommendations for improvement. Our results show that the given branch of YFETH can be further improved due to the presence of several issues related to either security or performance. This document outlines our audit results.
About Yfswap?
Yfswap is an AMM based Dex created with the intention of providing a one stop solution,DeFi farming, staking and a Dex Exchange all in one. YFBTC and YFETH will be using LP pools from Uniswap until the LP pools has grown large enough. A migration will be voted by users if users would want the full benefits of earning the swapping fees at YFSwap. Uniswap shares its swap fees with its own core investors, while YFSwap users will be able to earn full amount of the swap fees. Even more than Sushiswap.
YFBTC & YFETH are a non-inflationary cryptocurrency that follows the same principles of its legacy with it being completely decentralized. YFETH is the native to YFSwap for AMM Pool rewards.
As food-meme DeFi tokens slowly shows that it is not sustainable with it unlimited farming, YFBTC and YFETH is the solution for users to confidently hold for long term. Giving alternative to ETH and BTC users to hold a non-inflationary cryptocurrency while farming.
Methodology
To standardize the evaluation, we define the following terminology based on OWASP Risk Rating Methodology:
• Likelihood represents how likely a particular vulnerability is to be uncovered and exploited in the wild;
• Impact measures the technical loss and business damage of a successful attack;
• Severity demonstrates the overall criticality of the risk.
YFBTC (21,000 Total Supply)
UNISWAP address of DeFi Bitcoin YFBTC DeFi Yield farming will be at YFBTC.net
• The number of YFBTC Free Claim is 1,000. YFBTC will end the airdrop and tokens can be claimed by the 18th Oct 2020 with each user claiming 0.1 YFBTC, and is now listed on Uniswap decentralized exchange. Potential additional exchanges to be listed are Hotbit and Bilaxy.
• In order to start the Uniswap trading process, 1% of 21,000 YFBTC (210 YFBTC) will be sold in Uniswap in 3 stages, and 950 YFBTC is for initial private contributors that help fund the initial phase for YFSwap. Before purchasing, please confirm it is the correct YFBTC Contract address.
TOTAL DISTRIBUTION OF YFBTC
• YFBTC will be distributed in the spirit of YFI, only 5.5% Pre-mine, no Founder shares, no VC interest. simply equal-opportunity staking distribution to attract a broad and vision-aligned community to steward the future of the protocol and token. The total amount of YFBTC is 21,000.
YFETH (75,000 Total Supply)
WE DO NOT ENCOURAGE PURCHASE OF YFETH. BUT BETTER THAN RUG PULLS OR FOOD DEFI. But if you still want to proceed, click on participate in Campaign.
• To qualify for the airdrop, your metamask wallet must EITHER have “300 UNI, 300 BITTO, 0.5 YFI, 300 BAL, 300 LINK, 300 BNB, 300 HT, 300 OKB, 300 BAND, 300 NXM”. YOU will be eligible for FREE 3 YFETH tokens.
• Use your Metamask wallet to send ETH to the crowdfunding address, Do NOT SEND FROM EXCHANGE.
• YFETH will be automatically sent to your source address according to the source address of your ETH via smart contract.
• Multiple ETH can be transferred, automatically aggregated
• The initial amount of YFETH is 75,000, and the number of YFETH Free airdrops is 39,125. Another 35,875 YFETH will be allocated for Crowdfunding to help maintain server and project sustainability and future development. But any YFETH left from crowdfunding will be burned and will NOT be kept by team or developers to ensure maximum decentralization of YFETH supply.
• YFETH will end the airdrop and tokens must be claimed before 16th Oct 2020. YFETH will also be listed on Uniswap decentralized exchange. Potential additional exchanges to be listed are Hotbit and Bilaxy.
CROWDFUNDING RULES
• The total amount of the first phase of crowdfunding is 8,500 YFETH, and the crowdfunding time: Starts Stage 1 from 7th Oct 2020 (UTC+8) to end at the 16th Oct 2020 (UTC+8) or until 550th ETH received.
• Crowdfunding price 1 ETH = 100 YFETH
• The end of the first round of crowdfunding is subject to the 85th ETH received by the crowdfunding address.
• The total amount of the second phase of crowdfunding is 12,375 YFETH, and the crowdfunding time: the 250th ETH received by the crowdfunding address to 11th Oct 2020 (UTC+8)
• Crowdfunding price 1 ETH = 75 YFETH
• The total amount of the second phase of crowdfunding is 12,375 YFETH, is subject to the 250th ETH received by the crowdfunding address.
• Crowdfunding price 1 ETH = 50 YFETH
• The total amount of the third phase of crowdfunding is 15,000 YFETH, is subject to the 550th ETH received by the crowdfunding address or until 16th Oct 2020 (UTC+8) whichever comes first
The quota is sorted by time, and tokens are issued, the earlier the participation, the greater the success rate. If the crowdfunding is completed you will receive YFETH. The purchase will be refunded automatically if the purchase is not successful. 1 address can only purchase up to 25 ETH to avoid monopolization and ensure decentralization of YFETH assets
• The initial amount of YFETH is 75,000, and the number of YFETH Free airdrops is 39,125. Another 35,875 YFETH will be allocated for Crowdfunding to help maintain server and project sustainability and future development. If there is any YFETH left from crowdfunding or airdrops, it will be burned and will NOT be kept by team or developers to ensure maximum decentralization of YFETH supply. YFETH follows Constantinople ETH upgrade protocol.
• We reserve the right to cancel airdrops to users who we deem abusing the system. We hope to reserve this opportunity for other users.
• This airdrop enables machine learning to identify cheating. Those who are identified as cheaters will cancel the airdrop, and those who participate in the recognition will return ETH
YFETH DeFi ROI ESTIMATION
This is based on the Scenario of USDT/ETH, DAI/ETH
YFETH is $5
Per Block Yield Farming rewards are 0.4 YFETH ( First month)
15,000 YFETH will be used for yield farming(currently, only around 8000 distributed. 1st rank contract holding will all be burned after 18th) What this means is that the ROI will be higher than stated.
This is based on the Scenario of YFBTC at the value of $400
Per Block the Yield Farming rewards are 0.004559 YFBTC
Assuming 4.75 weightage = 0.004559/4.75 = 0.0010
150 YFBTC will be used for yield farming (Based on current amount placed in Uniswap)
150 @ $400 = $60,000. LP is a pair of same value. so each side of the pair is valued at $60,000*2 = $120,000 total LP pair value
Per block 0.0010*240(4 blocks a minute * 60 minutes an hour)= 0.24(Total Block reward per hour)*$400 YFBTC Value= $96 is the estimated reward in YFBTC VALUE per hour.
ESTIMATION FARMING YFBTC PER HOUR ROI ACCORDING TO THE ABOVE SCENARIO
Take note this is an estimation. Value may differ based on the variables mentioned.
You can calculate using the hourly ROI % above and obtain ROI MULTIPLIED BY DAILY, MONTHLY OR YEARLY with a figure.
Example 0.12% hourly on (wBTC/wETH) pairing with 200 USD locked assets on monthly.
0.12% * 24 hours * 30 days = 86.4% * 200 USD = 172 USD after 1 month.
Team rewards
We are an anonymous group of developers who believe in the future of decentralized autonomous organizations (DAO). We do not believe in pre-sale or tokens pre-reserved for the team. The team will receive a relatively low share of rewards during the entire YFETH & YFBTC farming period, which is 2.5%.
Conclusion
In this audit, we thoroughly analyzed the YFETH design and implementation. Overall, YFETH presents an evolutional improvement based on Uniswap and provide extra incentives to liquidity providers. Our impression is that the current code base is well organized. Meanwhile, we need to emphasize that smart contracts as a whole are still in an early, but exciting stage of development. To improve this report, we greatly appreciate any constructive feedbacks or suggestions, on our methodology, audit findings, or potential gaps in scope/coverage
To get clearer information, please visit the link below:
