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Board Announcements (Altcoins)
Re: [ANN][ICO] Marginly - Marginalize any Decentralize Asset with Ease
by
Marginly
on 17/12/2020, 10:06:52 UTC
25% of the Presale Sold in the first 2 Hours!

150,000/200,000 $MGN remaining, or 22 hours until the presale ENDS! Get yours now!

https://marginly.org/presale
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Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] Marginly - Marginalize any Decentralize Asset with Ease
by
Marginly
on 17/12/2020, 09:06:54 UTC
I understand... and I guess that as liquidity goes up, so will go the leverage that you can offer? 5x is just the beginning?

There may be a community decision to increase leverage in the future. Yes, the higher the liquidity, the more leverage any given asset could theoretically have.
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Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] Marginly - Marginalize any Decentralize Asset with Ease
by
Marginly
on 17/12/2020, 08:17:33 UTC
Marginly 24HR Presale has BEGUN

3X FARMING/LIQUIDITY MINING EVENT STARTS TOMORROW



Presale is an elapsed-time increased over-time sale.

Prices start at 900 MGN per 1 ETH
End of sale price will be 300 MGN per 1 ETH

Tokens are transferred immediately after sending ETH to contract address.

1K Uniswap Liquidity has been added to set the original price to prevent negative price manipulation.

Uniswap pair can be found here:
https://info.uniswap.org/pair/0x7606f5a4f9e3B2d97dCf361ad8013f0f46C3C75c

Presale contract address:
0x88A0F21085991D8CC8866C65e76E130c6aDbEfBd

https://marginly.org/presale
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Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] Marginly - Marginalize any Decentralize Asset with Ease
by
Marginly
on 17/12/2020, 02:04:42 UTC
> does not charge any fees

Then how does value accrue to token holders?

Listing fees are not required as listings are done strictly through Ethereum smart contracts.

Value proposition:
Marginly leveraged trading starts at a baseline interest rate of 2%.

15% to which is burned, 10% dev funding, and 75% provided to mLiq providers.
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Topic
Board Announcements (Altcoins)
Topic OP
[ANN][ICO] Marginly - Marginalize any Decentralize Asset with Ease
by
Marginly
on 16/12/2020, 15:59:26 UTC
Marginalize any Uniswap asset with ease
Marginly provides a solution to margin trading to any decentralized asset without centralized exchanges, KYC, or giving up control of your funds. Any asset on the ETH network (and more networks in the future) may be listed via Marginly smart contracts. Marginly holds no power over listings, and does not charge any fees. Assets are able to be listed by simply communicating with our mLIQ smart contract over the Ethereum network. Listing an asset is as simple as providing liquidity to the mLIQ contract in the form of any Uniswap pair.




How does it work?
Marginly employs a set of contracts to handle Margin based liquidity (mLiq), and margin orders (mOR).

mLiq Providers:
Users may provide Marginly Token (MGN) as mLiq to any particular Uniswap pair. The mLiq will then be used as leverage for long and short orders performed by Marginly users. mLiq providers will receive interest for providing liqiuidty based on the current funding rate at any given time. Interest is be paid out after every 3,000 Ethereum blocks.

Margin Traders
Once mLiq has been provided to any particular Uniswap asset, traders may begin placing mOR's against the particular asset. Traders are able to provide MGN against their margin trades with leverage up to 5x. After an order is closed or liquidated, interest is paid to mLiq pools.

Interest and Funding Rates
Marginly trading starts at a baseline interest rate of 2%.

15% to which is burned, 10% dev funding, and 75% provided to mLiq providers.

Marginly Farming (Liquidity Mining) Event
To ensure we build a strong user-base and fairly distribute the initial supply of MGN, Marginly is enabling liquidity mining to produce the initial supply of tokens. MGN will be minted at a rate of 1 token per block for 3 months. A 3x bonus reward period of 15 days will begin on December 18th, 2020, after the presale has concluded.

Web3.0 API
All order processing and liquidity management is executed via smart contracts on the Ethereum network. All data may be pulled directly from the Marginly smart contracts via Web3.0. Our user interface will be open source and may be modified by developers to add more features. The standard process will be to submit a merge request to the development branch on Github, which will be reviewed by code maintainers of Marginly. Developers are furthermore free to create their very own custom UIs for Marginly.

Tokenomics
Maximum supply: 1,304,000 MGN (not mintable after contract deployment)

Premine: 200,000 MGN (Less any unsold/burned tokens)

2 Year Vested Team Tokens: 200,000 MGN

15 Day Bonus Period Liquidity Mining Event: 300,000 MGN

90 Day Liquidity Mining Period: 600,000 MGN

Initial Uniswap Liquidity: 1,000 MGN (To set the initial price)

Bounties: 3,000 MGN

Funding
Marginly funding consists of a 24-hour presale, 200,000 vested tokens over two years, and 0.2% of all Marginly trades. To learn more about our presale, click here

Contracts
Marginly Token Contract:
0x3c3113C961CCE62bac16c309286889F4362B94dC

Marginly Presale Contract:
0x88A0F21085991D8CC8866C65e76E130c6aDbEfBd

Marginly Vested Token Contract:
0x8578483E40925937eDF605F7c2f261C1C44027A3

Marginly Liquidity Mining/Farming Contract:
0xa48Ca2d12Df34D107AD541ae81Ac607B524aa9dc