How & where to buy Magpie (MGP) cryptocurrency
The Magpie coin is hard enough to get, because of the shortage of crypto trading platforms that list it. The 2 exchanges offer two pairs: MGP/BUSD and 0XD067.../BUSD. Full details is located above.
Where to buy Magpie
Step 1You need an account with a cryptocurrency exchange that supports Mgp token. All of them provided on our site. Register it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
PancakeSwap (v2) | 0.25 / 0.25 | MEDIUM | No | $4578 |
|
Bilaxy | 0.2 / 0.2 | MEDIUM | Yes | $122 |
Buy or transfer with P2P one of this coins: BUSD or BUSD.
Step 3Go to spot trading on your trading platform and type the coin name in search box. Select from available trading pairs, then set order and push Buy MGP button.
Congratulations!
After clicking buy, the Mgp token will be deposited in your account on the crypto exchange. Keep in mind that only moving your coins off cryptocurrency exchange to offline crypto wallet like Trezor or Ledger Nano, you can improve protection of your investments. It ain't just scale down your risk if your trading platform or account gets cracked, but if you transfer a “cold,” or offline, wallet, your Mgp coin turn into safe assets. Only disadvantage is, usually have to pay a small withdrawal fee to move your coins off of the cryptocurrency exchange.
What is Magpie
Magpie XYZ is a platform built on BNB Chain to boost yields for liquidity providers and governance token holders of veTokenomics protocols. 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. 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. Magpie XYZ starts from the integration with Wombat Exchange, and will expand to more veTokenomics protocols like PancakeSwap
Video Review
WHAT IS MGP - MAGPIE - WILL IT 100X - WOMBAT EXCHANGE - WOM - $MGP - CRYPTO
Statistics and Externals
Concepts of hashing algorithm doesn't apply in case of Mgp coin.
Price and supply
The current total supply is 1000 millions, with a circulating supply of 0 MGP as of Nov 2024. The max amount of coins that will ever exist in the lifetime of the Magpie is 1000000000000000.
The price of Mgp crypto is $0.0000000003 as of 11:21 AM. The price was declined on 0% over the past 24 hours. The recent price action left the token's market capitalization at 0 USD. Thus far last 30 days, the Magpie token was declined on 0%.
FAQ
What cryptocurrency exchange can I buy Magpie coin?
Magpie crypto can be bought from 2 trading platforms. Some of them: Bilaxy and PancakeSwap (v2).
Is Mgp token a good investment?
The Magpie coin is a risky asset that has strong potential to become abandoned. Due to the high volatility of all cryptocurrency market you should understand: unexpected changes in market can lead to sharp and sudden moves in price, you can lose all of your invested funds and learn the risks before you start trading. The other side of that it's chance to become rich by investing in crypto.
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About the author
Qayyum Rajan, CFA is a fintech entrepreneur with multiple exits. He started his startup and blockchain career in 2017 building software to automate securities issuance on Ethereum, and never stopped building.
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