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 today's price of Magpie (MGP)?

The live price is ₱0.9156201713855254080000, reflecting a price movement over the last 24 hours of 2.32%. This number is recalculated every few seconds to reflect real-time trading across global markets.

How many tokens of MGP are in circulation?

The circulating supply of MGP is 506135298.0714094, representing the amount currently held by the public. Circulating supply affects price discovery and market capitalization, especially for emerging assets.

How many holders currently own Magpie?

There are an estimated -- unique holders of MGP across the supported network(s). A growing holder count generally indicates rising adoption and long-term interest in the asset.

What is the market cap of Magpie today?

The market capitalization stands at ₱463427608.80534612120000, positioning Magpie at rank #1746 worldwide. Market cap helps investors understand the relative size and maturity of the asset compared to others.

How actively is MGP being traded today?

Over the past 24 hours, the token recorded ₱-- in trading volume. Higher volumes often correlate with stronger liquidity and higher trader participation.

What is driving the recent movement of Magpie?

The recent price movement of 2.32% over the last 24 hours is influenced by market sentiment, investor behavior, category-wide performance within BNB Chain Ecosystem,Arbitrum Ecosystem,Binance Alpha Spotlight, and updates from the -- ecosystem. Hot news or rising trading interest may also contribute.