Features

Anti Whale

Similar to the BSC version, Magma on Polygon will implement a 1% Anti Whale feature to ensure that there is no huge transaction at one go.

We will also be following RugDoctor's suggestion to implement a minimum amount (0.05%) to this Anti Whale feature. This way, we will be able to get the "Low Risk" rating from RugDoctor.

Max Supply

After listening to the advice of the community, we will be implementing a deflationary feature! There will be an Auto Emission Reduction by 50% every 2 weeks and eventually, emission will cease. The current emission will be 0.01 MAGMA/Block

The final supply will be 11,000 MAGMA tokens

VIP Capped Pool

To incentivise HODLING, we will be allocating a VIP pool that has a capped amount of $MAGMA staked. This means that the APR% will be FIXED and you get to enjoy that APR% since it will not be diluted.

To participate in the VIP Capped, you will need to hold MAGMA tokens. The actual requirement will be updated on our Telegram group closer to the pool's launch.

The harvest lockup period will be 6 days and harvest unlock will be 1 day. There will be a 0% deposit fee for MAGMA pool but 10% deposit fee for non-MAGMA pools since non-native users get to enjoy the high APR%.

Do note that you can still unstake your initial investment at any time.

Auto Liquidity

There will also be an 8% transfer tax to encourage HODLING instead of trading, similar to the BSC version

Harvest Lockup

Lastly, we will be following a 6 days harvest lock, 1 day harvest unlock schedule .

Emission Rate

The emission rate will be 0.01 MAGMA/Block. The team will be allocated 10% of the emission but will be burning 8% of the MAGMA received.