About 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. In the long term,
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Market Stats
Market Cap
$10,234,363.47
FDV
$22,422,158.46
Circulating Supply
456,439,708.506 MGP
Max Supply
1,000,000,000 MGP
Total Supply
1,000,000,000 MGP
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$91,329.24
0.05%
Volume (7D)
$747,086.97
Volume (30D)
$2,615,380.54
All time high
$0.21
Overall Price Change (1Y)
-0.73%
Additional info about Magpie
Recent trends
The price of Magpie has increased by 0.34% in the last hour and decreased by 4.19% in the past 24 hours. Magpie’s price has also fallen by 11.37% in the past week. The current price is $0.0224 per MGP with a 24-hour trading volume of $91.33K. Currently, Magpie is valued at 89.28% below its all time high of $0.21. This all-time high was the highest price paid for Magpie since its launch. The current circulating supply of Magpie is 456,439,708.506 MGP which means that Magpie has as total market cap of $10,234,363.47.
Market details
MGP vs markets
↘ 76.71%
MGP vs BTC
↘ 80.08%
MGP vs ETH
↘ 49.02%
Tags
binance-alpha
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0xD06716E1Ff2E492Cc5034c2E81805562dd3b45fa | |
Arbitrum | 0xa61F74247455A40b01b0559ff6274441FAfa22A3 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0224 | ↘ 4.20% |
1 Day | $0.0234 | ↘ 4.19% |
1 Week | $0.0253 | ↘ 11.37% |
1 Month | $0.0414 | ↘ 45.86% |
1 Year | $0.0824 | ↘ 72.77% |
FAQ
We update our Magpie to USD currency in real-time. Get the live price of Magpie on Coinbase.
The current market cap of Magpie is $10.23M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Magpie is $0.21. This all-time high is highest price paid for Magpie since it was launched.
Over the last 24 hours, the trading volume of Magpie is $91.33K.
Assets that have a similar market cap to Magpie include Propbase, MixMarvel, Game7, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Magpie is 456 million.
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Restrictions apply. Promo code expires May 7th, 2025.
Social stats
Popularity in posts
#2817
Contributors
633
Posts
909
% About Magpie
0.008%
Articles
3
Hold times
0 days
X (Twitter)
53.63% bullish
Sentiment
89 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
633 unique individuals are talking about Magpie and it is ranked #2,817 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Magpie has an average sentiment score of 89 out of 5. Finally, Magpie is becoming less newsworthy, with 3 news articles published about Magpie.
On Twitter, people are mostly bullish about Magpie. There were 74.59% of tweets with bullish sentiment compared to 39.07% of tweets with a bearish sentiment about Magpie. 25.41% of tweets were neutral about Magpie. These sentiments are based on 247 tweets.
On Reddit, Magpie was mentioned in 98 Reddit posts and there were 1349 comments about Magpie. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.