Multi-Chain Passive Income Rewards Platform
Deflationary – Weekly Profits – Community driven
About
Magnet Finance was created with one true purpose, to generate weekly income for the masses. The Magnet Finance token (MGNT) is on Solana.
Holders of MGNT token receive weekly deposits to their wallet, in the community voted currency.
Over time, through growth of valuation of the token and through the weekly investment increases, Magnet Finance has the ability to grow to replace weekly pay checks that you currently spend your valuable time earning.
Why “Magnet” Finance? From inception, Magnet Finance has always been about gaining more income and more income sources. Diversification, and making a difference in the holders finances. Together we will attract more and more wealth and abundance into your wallets
Community development at it’s finest. Join us on any of our Telegram, X and other social media platforms, and contribute to the future of Magnet Finance. Voting on changes, upgrades, and future projects.
Token Details and Metrics
MGNT token is the core of Magnet Finance. Being on both Binance Smart Chain & Tron’s Blockchain, gives the holders the unique opportunity to earn passively and diversify on each blockchain. Having an understanding of the token metrics will allow you to fully grasp the long term vision and power of this system.
Total supply
36,900,000
Ticker symbol
MGNT
Token type
SLP (Solana)
Liquidity Pool
Raydium (Post Presale)
Deflationary
Weekly Token Burn
Team
1% of total supply
Tokenomics
Contract Address
Weekly Deposits to Holders
After successful Presale, the weekly profit deposits will begin.
The top 100 holders of MGNT, will receive 7.5% of the weekly earnings.
Any wallet holding a minimum of 5000 MGNT will receive a share of 25% of the weekly earnings.
The blockchain snapshot will be taken every Friday. And deposits will follow throughout the weekend.
Reinvestment
Every Week, 15% of the profits accumulated through Magnet Finance’s investments will be rolled back into the income generating system. The goal here, is to constantly increase the rewards holders receive, on a weekly basis.
Burn
2.5% of weekly profits, will be used to buy MGNT and burn it, by sending it to an Eater Address.
This will consistently increase scarcity, while simultaneously ramping up demand and value.
Proof of Burn will be publicly available every week.
Developing Future Opportunities
Every Week, 7.5% of the profits will be deposited into a vault address, accumulating until a goal is met. The goal will be voted on by the community. Examples of goals : Super Representative status, Node Operations, Mining Set Ups, Gaming Development etc.
Communities Magnet Finance Supports
Roadmap
Token’s Minted (08/08/2021)
Website Online
Community Optimization
Marketing Campaigns
IDO Presale & Listing/Liquidity Pools (TRC20)
Presale / Syrup Pools & Liquidity Pools on PancakeSwap (BEP20)
Weekly Earnings Begin
Implement New Income Sources
How To Buy MGNT
Create a Wallet
BEP20 – Download the MetaMask Wallet, and create a wallet.
If your MetaMask does not come with Binance Smart Chain pre-installed, please click here, for instructions on how to add the Binance Smart Chain network to your wallet.
TRC20 – Download the TronLink Wallet, and create a wallet.
Make sure to write down your recovery/seed phrase and password and keep them private. No one in the Magnet Finance community will ever need your recovery/seed phrase.
Make sure to write down your recovery/seed phrase and password and keep them private. No one in the Magnet Finance community will ever need your recovery/seed phrase.
Make MGNT Visible in Your Wallet
BEP20 – Open Your MetaMask, make sure that You’re on the Smart Chain network, and click the “Add Token” text, at the bottom of the “Assets” screen. The “Custom Token” screen will load, and You will paste the BEP20 MGNT contract address that is listed above
TRC20 – Open Your TronLink Wallet, and on the screen that shows all your Assets, click the + icon, on the same horizontal line as the “Assets / Collectibles” text. On the next screen that loads, in the search bar, paste the TRC20 MGNT contract address listed above.
Funding Your Wallet
There are multiple ways to fund both your MetaMask & TronLink wallets, join our discord or telegram communities and ask for suggestions to best suit your needs.
To purchase the BEP20 version of MGNT, it will be best to fund your wallet with BNB or BUSD.
To purchase the TRC20 version of MGNT, it will be best to fund your wallet with TRX and/or USDT(TRC20).
**Please note that you will need excess amounts of either TRX or BNB to pay for transaction fees.
Purchasing MGNT
Release Date details of both BEP20 & TRC20 versions of MGNT are to be announced.
Presale Phase 2 is currently underway. Price per MGNT token is $0.025.
Syrup Pool & Liquidity Pools will be scheduled on Pancakeswap for the BEP20 token.
For further details, join our social media communities, message us on any platform, or email us at mgntfinance@gmail.com