Magpie Price (MGP)

Unlisted

What is Magpie about?

Magpie XYZ is a platform built on BNB Chain to boost yields for liquidity providers and governance token holders of veTokenomics protocols.

What makes Magpie unique?

veTokenomics, introduced by Curve, is a tokenomics model in which users must lock the governance token to veToken (vote-escrowed token) for a fixed period of time to increase their voting power and claims on a protocol's governance token emissions. This helps the protocol to control the governance token inflation and distribute more governance tokens to long-term holders. However, veTokenomics still have room for improvement and many veTokenomics protocols face the following issues: - Limited user base - The requirement to buy & lock governance tokens prevents many risk-averse liquidity providers to participate. - Limited income for veToken holders - veToken holders can earn zero or limited passive income. - Expensive voting power - Voters must buy and lock governance tokens in order to gain voting rights. Magpie XYZ offers a solution that helps the veTokenomics protocols to solve the above issues. Essentially the platform incentivizes governance token holders and liquidity providers to pool their assets together so that the platform can acquire governance tokens, convert into veTokens, boost yield for liquidity providers, and in return share part of protocol revenues derived from liquidity providers’ boosted profits back to governance token holders.

What's the history of Magpie?

Magpie XYZ starts from the integration with Wombat Exchange, and will expand to more veTokenomics protocols like PancakeSwap.

What can Magpie be used for?

Magpie XYZ helps veTokenomics protocols to: - Get a diverse user base - Risk-averse liquidity providers can get boosted yield without the need of holding veToken. - Increase income for veToken holders - veToken holders can share part of Magpie XYZ’s revenue. - Lower the voting bar - Magpie XYZ provides a cost-effective way to acquire voting rights on veTokenomics protocols by leveraging sufficient veToken balance Magpie XYZ accumulated.

What is the current market price of Magpie?

Magpie is valued at ₹1.020079247546531520000, moving -0.73% over the last 24 hours. This reflects the most recent state of supply and demand across global crypto markets.

How many unique holders does MGP have?

There are -- on-chain holders, indicating the distribution and community adoption of MGP. A rising holder count is often considered a signal of strengthening network participation or increased long-term interest.

How active is Magpie on its native blockchain?

As a token on --, activity is influenced by wallet interactions, network fees, staking behavior, and smart contract usage. Elevated activity may correlate with higher trading volume or emerging ecosystem developments.

What is the total circulating supply of MGP?

The circulating supply stands at 567972917.8919094, which directly affects token scarcity and valuation. Supply changes can occur due to emissions, burns, or unlock schedules.

What's the 24-hour volume for Magpie?

Magpie generated ₹-- in trading volume during the past day, demonstrating how actively the asset is being traded and its liquidity depth.

How does MGP perform relative to BNB Chain Ecosystem,Arbitrum Ecosystem,Binance Alpha Spotlight competitors?

Compared to other assets in the BNB Chain Ecosystem,Arbitrum Ecosystem,Binance Alpha Spotlight segment, MGP's momentum is influenced by market sentiment, investor adoption, and on-chain metrics tied to --.