💰Tokenomics
Unlocking the Potential of the $MAGNET Token
Yield Magnet is a user-centric platform powered by the $MAGNET token to benefit its holders and the community.
Yield Magnet centers around the $MAGNET token, designed to deliver utility and community engagement. Our main goal is to provide users with a superior platform and increase the value of $MAGNET while generating income for token holders.
Investing in $MAGNET is comparable to investing in an asset management business, offering exposure to the platform's growth, staking rewards, and overall value creation. With a 12-month liquidity lock, $MAGNET promises additional utility features, increased demand, and a thriving community. Strategic fee allocation drives marketing and development efforts, ensuring continuous growth. Our clear roadmap demonstrates a commitment to innovation and security, making Yield Magnet a secure and reliable platform.
Tokenomics
Yield Magnet leverages the $MAGNET token to reward holders, foster community engagement, and enable sustainable expansion.
Total Supply: 1,000,000,000 $MAGNET
Tax: A 5% BUY/SELL tax structure is in place to support the project's development and growth. This tax is distributed as follows:
3% for Marketing & Development
1% for Liquidity
1% for Stakers
Contract Address: 0x6fdb90535c09b82825e38d41edf5e66211d4b442
Purchasing Process
Acquiring $MAGNET is a straightforward process:
Connect your Ethereum wallet.
Adjust your slippage tolerance to a minimum of 5% using the gear icon.
Enter the desired amount of $MAGNET, then click 'swap'.
That's it! You're all set!
Purpose and Utility
The $MAGNET token serves multiple key functions:
Rewarding Stakers: Staking $MAGNET tokens allows you to earn a distribution of 50% of platform fees and 20% of tax from trading of the V2 token, providing an opportunity to benefit from the platform's transactional activity while positioning $MAGNET as a fundamental asset for future features on the Yield Magnet platform.
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