This project hatched from the idea to include the community as a core part of a project while adding fun mechanics. The community will be included and take part in the future of Magikarp, can participate in big decisions through the voting system in our telegram group, and contribute with innovative ideas (some crazy ones we’ve heard); Magikarp motto: we shall be honest and crystal clear.
How Does it Work?
Magikarp ($MAGI) is an RFI token, which means that, with every transaction made, there will be a % of the value splashing back to all holders and a % that will be burned.
The maximum percentage for this purpose is 9% (hardcoded, safu).
Currently, the distribution burn fee is set to 6% distribution / 3% burn.
In the near future there will be Community Votes to decide how to readjust this ratio (i.e.: 6% burn and 3% shared, or 4.5% burn — 4.5% shared). This is the Normal Fee Mode.
In the first week, we will release the Storm Mode, which is a different type of tax mode, we don’t want to reveal too much but know that the max cap will still only be 9%. **More information will be published **in an upcoming medium post and there will be a 24h notice before it goes into effect.
The GYA Yield Farming Guide
GYA is the inflationary token of Magikarp’s Finance ecosystem. There are 3 ways to earn via GYA with yield farming. Each of these ways of yield farming carries its own sets of risks and rewards, tailored for your risk appetite. Understand the mechanics of each method, so you can come up with your own strategies to maximize your profits with our system. As usual, we provide transparency and information so you can DYOR and capitalize on gains in the crypto world!
How and Where to Buy Magikarp Finance (GYA)?
Magikarp Finance is now live on the Binance mainnet. The token address for GYA is 0x9458784486fb00c2d1a8740d5579207c42dbd602. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…