Log in/ Sign up

About MGP

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. In the long term, Magpie XYZ envisions to offer veTokenomics as a service to help other protocols to easily transform into veTokenomics model and enjoy the maximum benefits of this fantastic tokenomics design.

Magpie (MGP) is a cryptocurrency launched in 2022. MGP has a current supply of 1.00Bn with 451.36M in circulation. The last known price of MGP is 0.105291887199 USD and is -0.002071047884 over the last 24 hours. It is currently trading on active market(s) with $44,826.64 traded over the last 24 hours. More information can be found at https://www.magpiexyz.io/.

Official Website

Social Media

MGP Price Statistics
MGP’s Price Today
24h Price Change
-$0.0020710478841.93%
24h Volume
$44,826.6473.69%
24h Low / 24h High
$0 / $0
Volume / Market Cap
0.000943231478
Market Dominance
0.00%
Market Rank
#738
MGP Market Cap
Market Cap
$47.52M
Fully Diluted Market Cap
$105.29M
MGP Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
MGP Supply
Circulating Supply
451.36M
Total Supply
1.00Bn
Max Supply
1.00Bn
Updated Jan 13, 2025 6:19 pm
image
MGP
Magpie
$0.105291887199
$0.002071047884(-1.93%)
Mkt Cap $47.52M
There's nothing here for now
70-Year-Old Woman Loses All Her Life Saving After Her Crypto Wallet And Private Key Burn Up In Flames In the California Wildfire
70-Year-Old Woman Loses All Her Life Saving After Her Crypto Wallet And Private Key Burn Up In Flames In the California Wildfire
The glowing red sky from the fires that has devoured Southern California has taken everything from residents; homes, offices and memories. But a 70-year-old woman has lost more than her home; she had lost all her life savings after discovering that both her crypto wallet and private keys were both stored at home. Since no backup or recovery phrase was created, the woman is now locked out of her crypto assets. The 70-year-old woman's nephew took to social media to describe the family's plight, writing "Most of her savings were in crypto and she lost her wallet and seed phrase, and doesn't have backups. I feel sick. This is all she had." Sparked a conversation on crypto wallet protection This tragic event has highlighted how crucial it is to securely store both the wallet and private key separately. The private key serves as the gateway to a crypto wallet, and without it, there is no way to regain access to the funds. In this instance, the absence of a robust backup system has led to the permanent loss of her savings, highlighting a critical vulnerability that crypto holders must address. While this is a unfortunate event for the family, but it also acts as a precautionary tale for crypto owners to adopt secure storage practices. Experts have recommend keeping seed phrases offline and in multiple secure locations, with many advocating for storage solutions designed to withstand fire or water damage, such as metal backup plates. With the emergence of newer technologies, like seedless wallets and multi-signature systems, it also offers users with a more advanced and reliable way to safeguard their digital assets. Crypto companies also suffered losses from the fire But this 70-year-old woman is not the only person who have lost their valuable digital asset in this fire. Similarly, a few crypto companies in the city have also suffered severe losses after they found themselves in the pathway of the flames. Swan Bitcoin, which has employees based near Santa Monica, and blockchain infrastructure provider BlockDaemon, headquartered in Los Angeles, both reported significant losses, including the destruction of hardware wallets containing valuable cryptocurrency assets after their companies were unfortunately struck by the incoming fire. In the past, we would hardly associate natural disasters with digital assets. But this saga has proved otherwise, and that our digital assets can be vulnerable to fires as well if they are not properly protected. This incident serves as a wake-up call for cryptocurrency holders to reassess their approach to securing digital assets. The loss of funds in this case could have been mitigated with more effective backup strategies or the use of advanced wallet solutions. As natural disasters become increasingly common, crypto users must take proactive steps to protect their holdings against unforeseen events.
XingChi
Jan 13, 2025 4:33 pm

Frequently Asked Questions

  • What is the all-time high price of Magpie (MGP)?

    The all-time high of MGP was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Magpie (MGP) is 0. The current price of MGP is down 0% from its all-time high.

    Read More
  • How much Magpie (MGP) is there in circulation?

    As of , there is currently 451.36M MGP in circulation. MGP has a maximum supply of 1.00Bn.

    Read More
  • What is the market cap of Magpie (MGP)?

    The current market cap of MGP is 47.52M. It is calculated by multiplying the current supply of MGP by its real-time market price of 0.105291887199.

    Read More
  • What is the all-time low price of Magpie (MGP)?

    The all-time low of MGP was 0 , from which the coin is now up 0%. The all-time low price of Magpie (MGP) is 0. The current price of MGP is up 0% from its all-time low.

    Read More
  • Is Magpie (MGP) a good investment?

    Magpie (MGP) has a market capitalization of $47.52M and is ranked #738 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Magpie (MGP) price trends and patterns to find the best time to purchase MGP.

    Read More