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Home All Events Magia Nodes Liquidity & Protocol Launch

Date

Feb 11 2022
Expired!

TimePacific Time

11:00 am

Your Time

  • Timezone: America/New_York
  • Date: Feb 11 2022
  • Time: 2:00 pm

Status

Active

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

Blockchain

AVAX

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