Magia Nodes Liquidity & Protocol Launch

UNIV fork on Avalanche.

No contracts.

The team says they will not KYC but they will use a timelock and multi-sig. No evidence of either is available at this time.

The team has held a vote as to when to launch and the majority voted for 7-8pm UTC on February 11. As such, I’ve set this launch to 7pm UTC.

DETAILS

• Private presale price: 1 MIM / 1.3 MAGIA
• Presale price: 1 MIM / 1.15 MAGIA
• No vesting
• Listing price: $1 @ Trader Joe
• Hardcap was 50,000 MIM, they raised $35,000
• Initial total supply: 500,000 MAGIA
  • 300,000 to liquidity (this doesn’t make sense with a hardcap of 50k MIM and only using presale funds to provide liquidity, so something is off with their numbers)
  • 150,000 to presale (again, doesn’t make sense with a 50k MIM hardcap @ 1 MIM / 1.15 MAGIA)
  • 22,500 to private presale
  • 15,000 to marketing
  • 12,500 to giveaways
  • Unsold tokens to be burnt
• 10 MAGIA to create a node
  • 7 to the rewards pool
  • 2 to liquidity
  • 1 to marketing & development
  • The figures above are from the docs, in the FAQ’s in the Dashboard page, the totals add up to 105% so again, something is off with the numbers
• Compounding tiers (there is no info in the % bonus the compounding tiers provide):
  • Phlegm (lowest tier)
  • Black Bile
  • Yellow Bile
  • Blood
• No info on fees