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Magpie XYZ is a platform built on BNB Chain &amp; Arbitrum to boost yields for liquidity providers and governance token holders of veTokenomics protocols. Magpie XYZ helps veTokenomics protocols to:<ul><li>Get a diverse user base - Risk-averse liquidity providers can get boosted yield without the need of holding veToken.</li><li>Increase income for veToken holders - veToken holders can share part of Magpie XYZ’s revenue.</li><li>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.</li></ul>Magpie XYZ starts from the integration with Wombat Exchange, and will expand to more veTokenomics protocols like PancakeSwap. Magpie XYZ users can directly convert their WOM token to mWOM. Once converted successfully, Magpie XYZ automatically locks these WOM tokens on Wombat Exchange in order to accumulate the maximum veWOM. The accumulated veWOM gives Magpie XYZ yield boost power on Wombat Exchange.

Proposal for Magpie ($MGP) IFO to be Hosted on PancakeSwap.

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IFO Sale Details:<ul><li>Sale start time:&nbsp;~12.00 UTC on Thu 27 Oct 2022</li><li>Sale end time:&nbsp;~14.00 UTC on Thu 27 Oct 2022</li><li>Amount to be raised:&nbsp;$1,750,000 USD in CAKE tokens</li><li>Tokens to be sold:&nbsp;70,000,000 MGP (7.0% of MGP total supply)</li><li>Price per token:&nbsp;1 MGP = $0.025 USD</li><li>Token Vesting Schedule:&nbsp;30% will be unlocked at Sale end time (~1400 UTC), with the remaining 70% released block-by-block over 90 days.</li></ul>All CAKE raised from the MGP token sale will be given to the IFO project. Only CAKE raised from the participation fee will be burnt.Method: Public Sale and Private Sale (Both conducted via the Overflow method).What is the “Overflow” sale method?Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent. More details below in the Overflow Multiplier Table.To participate in the IFO:Refer to the&nbsp;IFO participation guide&nbsp;and&nbsp;iCAKE article.iCAKE and locked CAKE cannot be used to buy tokens in the IFO, so you would need a separate amount of CAKE to commit to the IFO.

Magpie

Magpie XYZ is a platform built on BNB Chain & Arbitrum to boost yields for liquidity providers and governance token holders of veTokenomics protocols.

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