Magpie Price (MGP)

Unlisted

What is Magpie about?

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

What makes Magpie unique?

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.

What's the history of Magpie?

Magpie XYZ starts from the integration with Wombat Exchange, and will expand to more veTokenomics protocols like PancakeSwap.

What can Magpie be used for?

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.

What is the current price of Magpie?

The live price of Magpie (MGP) is ₱0.6157978102762340148000 PHP. This real-time valuation is updated continuously and aggregates pricing from major global exchanges to ensure you see an accurate market rate.

How is Magpie positioned in the market?

Magpie currently sits at market rank #2042, supported by a market capitalization of ₱350322396.53529440700000. This ranking is influenced by liquidity depth, overall investor demand, and the circulating token supply.

What is the circulating supply of MGP?

The circulating supply of MGP is 567972917.8919094 tokens, representing the amount available in the open market. This number plays an important role in determining market valuation, scarcity, and long-term inflation dynamics.

What is the 24-hour price range of Magpie?

During the last 24 hours, Magpie traded within a range of ₱0.5911979371202708748000 (24-hour low) and ₱0.6170693979224601288000 (24-hour high). This volatility range helps traders understand short-term momentum and market unpredictability.

How far is Magpie from its All-Time High and All-Time Low?

Magpie reached an all-time high of ₱12.5215731163191123000, while the lowest recorded price (ATL) is ₱0.4690025237167841151000. These historical benchmarks allow traders to evaluate long-term price potential and cycles.

How active is MGP trading today?

Trading volume over the past 24 hours is ₱--, reflecting current market participation. Higher volume often indicates stronger investor interest and deeper market liquidity.

What influences the recent trend direction for Magpie?

The current price movement of 3.26% over the last 24 hours is shaped by market sentiment, trading activity, macroeconomic factors, and ecosystem-specific updates related to BNB Chain Ecosystem,Arbitrum Ecosystem,Binance Alpha Spotlight. Sudden increases in volume can also act as catalysts for sharp price movements.