Users who join the community early are privy to a variety of benefits as the project launches on mainnet.
Magpie XYZ Mainnet Launch
After running on testnet for weeks, Magpie is ready to launch on mainnet.
Magpie’s team extends its gratitude to its many supporters, from partners to every community member involved in its development and growth. Magpie has converted over 1.5 million WOM tokens (pre-launch) after joining the Wombat incubation program.
The platform has been audited by industry leader Peckshield. Magpie is laser-focused on building a safe, long-term sustainable protocol for users on BNB Chain. Check out the Magpie Gitbook for more information.
This article will cover the main functionalities that are now available in the platform as well as provide information about airdrops, giveaway incentives, and Magpie’s revenue distribution.
Mainnet Launch Functionalities
WOM UP Party – Users can convert WOM tokens into mWOM to receive 5 MGP tokens for each converted mWOM. Only available at the WOM UP Party. (Bonus available until 4 million WOM are converted).
mWOM staking – WOM holders that want to earn passive income can convert their WOM tokens into mWOM to earn high rewards on Magpie.
Stablecoins staking – Users can stake their stablecoins on Magpie to earn boosted yields on single-sided pools without the need to lock any WOM.
Side Pool – Users can stake unconventional stablecoins on Magpie to earn boosted yields without the need to lock any WOM. Currently the Side pool is composed by BUSD and HAY from Helio Protocol.
BNB Pool – Users can stake their BNB and their Liquid BNB no Magpie to earn boosted rewards without the need to lock any WOM. (BNBx/aBNBc/stkBNB).
Revenue Distribution Details
80% of (WOM) revenue Magpie generates from Wombat Exchange will be distributed to liquidity providers. 18% of WOM will be distributed to mWOM stakers before the MGP Token Generation Event. 2% will be distributed to treasury.
In order to bootstrap liquidity and reward our early supporters Magpie will offer 3% of the total supply as an airdrop after TGE. Take a look at how we will distribute $MGP tokens rewards for Magpie Mainnet Launch.
$MGP Token Airdrop Details (3% of Total Supply)
2% for WOM UP Party – Magpie’s main goal is to accumulate WOM tokens to boost yields and to own governance benefits on Wombat Exchange. Early WOM converters who participate in our WOM UP Party will receive 5 MGP tokens for every WOM token converted into mWOM. This 5 to 1 bonus only applies to the first 4M WOM converted.
0.30% for BAB holders – To support the BNB Chain community, Magpie will airdrop 3 million MGP Tokens to BAB Token holders. To qualify, users need to hold Magpie’s Mainnet Launch OAT + BAB token in their wallet. (300 MGP will be airdropped per user for 10,000 lucky Mainnet launch OAT holders).
0.20% for Magpie Liquidity Providers before Magpie TGE (Main pools, Side pools, BNB pools) – To reward Magpie liquidity providers that support the platform before TGE, Magpie will share a 2 million MGP token airdrop. The Magpie team will take several snapshots before TGE and the number of MGP airdrop rewards will be proportional to the TVL provided and deposit duration.
0.15% for Wombat Liquidity Providers including Main pools, Side pools, BNB pools) – To reward Wombat Exchange liquidity providers Magpie will share a 1.5 million MGP token airdrop for them. The Magpie team will take a snapshot 1 day before TGE and the number of MGP airdrop rewards for each users is proportional to the TVL provided.
0.10% for WOM holders (Including WOM/BUSD Liquidity providers on PancakeSwap) – To reward WOM holders Magpie will share a 1 million MGP token airdrop. The Magpie team will take a snapshot 1 day before TGE and the number of MGP airdrop rewards is proportional to the balance of WOM holding.
0.10% for veWOM holders – To reward long-term Wombat supporters Magpie will share a 1 million MGP token airdrop for them. The Magpie team will take a snapshot 1 day before TGE and the number of MGP airdrop rewards is proportional to the balance of veWOM holding.
0.10% for CoinMarketCap WOMwar Campaign – To raise awareness and maximize reach for users around the world Magpie will share a 1 million token airdrop for the CoinMarketCap Campaign.
0.05% for Testnet Early Bird OAT holders – To reward all users who minted our Testnet OAT Magpie shared a 500k MGP token giveaway for them – this event has ended.
BAB Token Holder Exclusive Giveaway
In our effort to support the BAB tokens adoption, we will offer an exclusive giveaway for users who already hold their SBT. In order to mint the Magpie Mainnet Launch OAT you must hold a BAB Token in your wallet.
Mainnet Launch Giveaway Details
Users wanting to qualify for these airdrops will need to mint the Magpie Mainnet Launch OAT:
10,000 BAB token and Mainnet launch OAT holders will each get a 300 $MGP airdrop.
2,000 users will share 6,000 $BUSD Lucky Draw – enter here.
20 BabySwap Lands – Lucky Draw airdrop shared by BurgerCities.
5 Mystery Boxes – Lucky draw airdrop.
$1,000 SPACE ID gift card – Lucky draw airdrop shared by 200 users.
1,000 $HAY Helio tokens giveaway – Lucky draw airdrop shared by 500 users.
100 Link3 whitelist – Lucky draw airdrop shared by 100 users.
MGP airdrop will be announced after TGE with a 12 month vesting schedule.
The 6000 BUSD Giveaway will be paid out instantly at the end of the campaign.
All other giveaway winners will be announced 3 days after the campaign ends.
Where to find Magpie XYZ:
Source : bsc.news
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