This is not an endorsement or recommendation as my research is still in early stages. 2 star rating due to risk factors.⭐⭐
MAG is governance token currently running fair launch on Fjord Foundry
- but because it is ETH based I am being very careful about gas fees and rugs.
Note in the comments if you see any red flags
- but at FDV of 3M it seems that the project is worth much more
Project details 👇🏽 Magnify Cash is a Decentralized Credit Market that supports lending in any currency, against any collateral, on your own terms. Universal support for lending currencies and collateral + permissionless platform + no oracles = can support both on-chain assets (eg NFTs, gaming) and RWAs (bonds, real estate, luxury items). The product is live and functional on Base Sepolia Testnet, with mainnet launch planned at the end of July.
Team Tytan.ETH (https://x.com/Tytaninc) (Co-founder) Digital Lawrence (https://x.com/DigitalLawrence) (Co-founder - Prev founders of NFTY Finance and Social Pass) Jake (https://x.com/cashtagjake) - Growth and Operations
Utility of $MAG
- Accures value through platform revenue sharing.
- Governance
- Ecosystem growth
- Incentives for community members, builders and power users.
$MAG LBP Details $MAG will launch on Fjord Foundry with 57% of total $MAG supply initially pooled.
Start: 07/24 @ 12:00 AM UTC
End: 07/27 @ 12:00AM UTC
For more details refer to this thread (https://x.com/MagnifyCash/status/1813784584896889149)
Link to LBP: Link (https://app.fjordfoundry.com/pools/0x5549aD973575E261fE9979321e27ad81F30a287f)
Official Links Website (https://www.magnify.cash/) Twitter (https://x.com/MagnifyCash) Whitepaper & Tokenomics ; https://cdn.prod.website-files.com/6642383304e03808c6c1b5dd/669f186b30d3d2fcc57150af_Magnify%20Cash%20V1%20Protocol%20Whitepaper%20%26%20Tokenomics%20(2).pdf
Personal thoughts They are community-centric, already have the support of likely the strongest community in crypto (Pudgy Penguins) at a global scale and they are chain AND narrative-agnostic.
Lending & borrowing is one of the few offerings of DeFi proven to have found PMF and the platform is designed to support ANY asset. Show Less
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