The current real-time price of MGP is $0.0{7}3020. In the past 24 hours, MGP has traded between $0.0{7}2968 and $0.0{7}3066, showing strong market activity. The all-time high of MGP is $0.0{5}6170, and the all-time low is $0.0{7}1575.
From a short-term perspective, the price change of MGP over the past 1 hour is , over the past 24 hours is -0.42%, and over the past 7 days is -0.81%. These figures provide a quick overview of the latest price trends and market dynamics of MGP on LBank.-0.80%
The live price of MGP today is $0.0{7}3020, with a current market cap of $0. The 24-hour trading volume is 132.32. The price of MGP to USD is updated in real time.
Before deciding whether to buy or sell MGP, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s MGP technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for MGP.
How much will MGP be worth tomorrow, next week, or next month in ? What about your MGP assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! MGP Price Prediction
To learn more about MGP, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0xcfc2...9ba480  | 1.762T | 41.82% |
binance-smart-chain | 0xdccf...d1a75a | 1,000.000B | 23.72% |
binance-smart-chain | 0xd865...dd99c0 | 499.261B | 11.84% |
binance-smart-chain | 0x5c9b...c9b98d | 288.649B | 6.85% |
binance-smart-chain | 0xf708...e63a89 | 212.341B | 5.04% |
Other | 452.764B | 10.74% |
Magic Power (MGP) serves as the governance token for the Magic Power Community. It is a decentralized meme token, managed through smart contracts, designed to foster the expansion of the Magic Cube Ecosystem, which functions as a decentralized finance (DeFi) system.
The Magic Cube Ecosystem is composed of two primary elements: the Magic Power Community and its asset minting system. This ecosystem facilitates the creation of mcAssets (synthetic assets) at Gringotts Bank by utilizing USDM, an algorithmic stablecoin, as collateral. These mcAssets then integrate into other ecosystem components, such as trading on RingSwap, mining rewards at Dwarf Pool through staking, liquidity provision at Box Staking, and cross-chain transfers via Glen Bridge.
The MGP token embodies the intrinsic value of the Magic Power Community and is directly linked to the ecosystem's asset minting mechanism. A key utility of MGP is its ability to be burned to mint USDM, which is the ecosystem's proprietary algorithmic stablecoin.
The Magic Cube ecosystem is built upon a dual-chain technological framework. This means its applications and various tokens, including MGP, USDM, and MAGC, are developed and operate across both the Binance Smart Chain (BSC) and Ethereum networks, enhancing interoperability and reach.
The total supply for Magic Power (MGP) tokens is fixed at 100 trillion MGP. This represents the maximum number of MGP tokens that will ever exist within the ecosystem.
MGP is a Web3 native token primarily acquired and exchanged through decentralized exchanges (DEXs) that operate via smart contracts. To engage with these smart contracts and conduct transactions, users require a compatible Web3 wallet. Typically, users first obtain the native cryptocurrency of the network where MGP resides (for example, BNB for the Binance Smart Chain) to cover transaction fees, and then they can swap it for MGP on a DEX.
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