List of Magpie coin issuance and listed trading platforms

Magpie Coin's tokenomics comprise a 500 million token supply, an 80% mining reward allocation, and a burn mechanism to reduce circulation.

Dec 27, 2024 at 03:16 pm

Key Points:

• Understanding Magpie Coin's Tokenomics
• Listing Platforms for Magpie Coin Trading

List of Magpie Coin Issuance and Listed Trading Platforms

1. Tokenomics of Magpie Coin

• Total Supply: 500 million MAGPIE tokens at genesis.
• Initial Distribution: 80% allocated to mining rewards, 20% to the Magpie Foundation.
• Mining Halving: Block rewards halve every 288,500 blocks, or approximately every three years.
• Burn Mechanism: A portion of transaction fees are burned on a regular basis, reducing the overall token supply.

2. Listed Trading Platforms for Magpie Coin

a. Binance

• One of the largest and most reputable cryptocurrency exchanges globally.
• Offers MAGPIE/BTC, MAGPIE/USDT, and MAGPIE/BUSD trading pairs.
• Supports spot trading, futures contracts, and margin trading.

b. Huobi Global

• Another renowned cryptocurrency exchange known for its wide selection of digital assets.
• Lists MAGPIE/BTC, MAGPIE/USDT, and MAGPIE/HUSD trading pairs.
• Provides spot trading, derivatives, and over-the-counter (OTC) trading services.

c. Gate.io

• A popular exchange that offers competitive trading fees and a user-friendly interface.
• Supports MAGPIE/BTC, MAGPIE/USDT, and MAGPIE/ETH trading pairs.
• Also offers margin trading, futures contracts, and staking services.

d. OKX

• A top-tier cryptocurrency exchange that provides a comprehensive suite of trading options.
• Lists MAGPIE/BTC, MAGPIE/USDT, and MAGPIE/ETH trading pairs.
• Supports spot trading, futures contracts, and perpetual swaps.

e. KuCoin

• A growing cryptocurrency exchange that focuses on providing services to advanced traders.
• Offers MAGPIE/BTC and MAGPIE/USDT trading pairs.
• Supports spot trading, futures contracts, and lending services.

Steps for Obtaining Magpie Coin on Trading Platforms

• Create an account: Sign up for an account on one of the listed trading platforms.
• Complete KYC/AML verification: Provide personal identification documents to comply with regulatory requirements.
• Deposit funds: Fund your account using supported fiat currencies or cryptocurrencies.
• Navigate to the trading interface: Search for MAGPIE or the desired trading pair.
• Place a trade: Specify the order type, price, and quantity of MAGPIE tokens you wish to buy or sell.
• Confirm the trade: Review and finalize the trade details to execute the order.

FAQs

Q: What is the difference between genesis and issuance for Magpie Coin?
A: Genesis refers to the creation and initial distribution of MAGPIE tokens at the launch of the Magpie Network. Issuance, on the other hand, refers to the release of additional MAGPIE tokens into circulation through mining rewards.

Q: What are the benefits of holding Magpie Coin?
A: MAGPIE token holders can participate in network governance, earn rewards through staking, and access exclusive services within the Magpie ecosystem.

Q: Are there any restrictions on trading Magpie Coin on the listed platforms?
A: Trading restrictions may vary depending on the platform and local regulations. Users are advised to check the exchange's terms and conditions before engaging in any trading activities.