 | Magma Finance (MAGMA)Magma Finance is a innovative AMM using incentive-alignment to keep the liquidity flowing hot and glowing bright on Mantle. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Magma Finance
Magma Finance aims to serve protocols and users with deep and efficient liquidity that facilitates the best swap rates with our flagship AMM (automatic market maker).
Our vision is to create the best possible experience for traders, liquidity providers, and protocol owners, balancing the needs of all groups. Inspired by the vote-escrow model of Solidly, veMAGMA holders will control and direct oMAGMA emissions allocated to liquidity pool gauges, while receiving the trading fees and bribes for votes.
This model rewards long-term supporters, and aligns stakeholders interests by incentivizing rewards to active pools that show user demand and generate fees.
MAGMA - the ERC-20 utility token of the Magma Finance protocol.
DetailsToken supply: 100,000,000 MAGMALegalBlockchain Platform: MantleRegistration year: 2023 | Token infoTicker: MAGMAType: Utility-token Token standard: ERC-20 Token distribution: 25% - the team 25% - partner protocols 20% - ecosystem fund 15% - airdropped to users 15% - initial raise and LGE |
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