The beta version of AMM on Magnetic is now live!
You can create new pools, perform swaps, make deposits, and withdraw funds.
β Convenient pool list
β Favorite pools
β Useful information on the pool page
AMM: xmagnetic.org/amm
The beta version does not include all the functionality we would like to see, and some parameters may be displayed slightly inaccurately. We will soon make a series of improvements that will make your work with AMM more convenient. Stay tuned for updates!
You can create new pools, perform swaps, make deposits, and withdraw funds.
β Convenient pool list
β Favorite pools
β Useful information on the pool page
AMM: xmagnetic.org/amm
The beta version does not include all the functionality we would like to see, and some parameters may be displayed slightly inaccurately. We will soon make a series of improvements that will make your work with AMM more convenient. Stay tuned for updates!
π’ Congratulations to rBwmDG4YEPhPDSvPg1FvJbKdxdaqkQUABs for winning the Jackpot #13 ~1970 XRP!
Game #221282 | Result = 77.77
08:54:57, March 23, 2024
21662 games from previous jackpot
Win the jackpot and double you bet: xmagnetic.org/dice
Game #221282 | Result = 77.77
08:54:57, March 23, 2024
21662 games from previous jackpot
Win the jackpot and double you bet: xmagnetic.org/dice
Today We added $CTF to the dice!
Now you can double your $CTF by playing dice! Just place a bet and win!
Dice: https://xmagnetic.org/dice/CTF+r9Xzi4KsSF1Xtr8WHyBmUcvfP9FzTyG5wp?network=mainnet
β You can also play on XRP and other tokens!
PS: Play for any bet you have a 1/10000 chance of a jackpot!
Now you can double your $CTF by playing dice! Just place a bet and win!
Dice: https://xmagnetic.org/dice/CTF+r9Xzi4KsSF1Xtr8WHyBmUcvfP9FzTyG5wp?network=mainnet
β You can also play on XRP and other tokens!
PS: Play for any bet you have a 1/10000 chance of a jackpot!
Magnetic
Play dice CTF on #1 XRPL DEX - Magnetic
Magnetic - #1 DEX on XRPL, NFTs, Swap, Mining, Tokens
New algorithm for earning rewards using AMM
As you know, XRPL recently introduced the ability to create AMM pools. Ripple is currently experiencing some problems, but we are confident that they will be fixed very soon.
We, Magnetic, are already actively developing a new token distribution system with providing liquidity in AMM, Magnetic NFT ownership, as well as trading volume.
This will be a very useful thing for the token, radically different from the current mining, which began to cause less and less interest among users and ceased to benefit the token.
The new concept will supplant and gradually replace it.
Important: your MAG and Magnetic NFT hold will also be very useful in the new concept, this will increase your rewards
As you know, XRPL recently introduced the ability to create AMM pools. Ripple is currently experiencing some problems, but we are confident that they will be fixed very soon.
We, Magnetic, are already actively developing a new token distribution system with providing liquidity in AMM, Magnetic NFT ownership, as well as trading volume.
This will be a very useful thing for the token, radically different from the current mining, which began to cause less and less interest among users and ceased to benefit the token.
The new concept will supplant and gradually replace it.
Important: your MAG and Magnetic NFT hold will also be very useful in the new concept, this will increase your rewards
We are currently having problems with our server provider.
Therefore, many of our services experience freezes and delays. We hope that the provider will be able to fix the problem and we will be able to restore stable operation of our services.
Therefore, many of our services experience freezes and delays. We hope that the provider will be able to fix the problem and we will be able to restore stable operation of our services.
DDoS is almost over. We did it. All our apps work fine. The XRP and XAH faucets also work!
XRP Faucet: https://t.me/MagneticTicketBot
XAH Faucet: https://t.me/XahauBot
XRP Faucet: https://t.me/MagneticTicketBot
XAH Faucet: https://t.me/XahauBot
The development of AMM on MagnetiΡ continues.
βοΈ Deposits and withdrawals from the AMM pools with maximum comfort
βοΈ Dividing volumes into AMM and DEX in a convenient presentation
βοΈ Nice display of LP tokens on your wallet balance
Magnetic is the only place on XRPL where you can make deposits into AMM pools. Yes, this carries some risks (because Ripple hasn't fixed the bugs yet), but we don't want to prevent users from doing what the blockchain allows. But at the same time, we do not encourage making deposits and warn users about possible risks (although we have never encountered any problems).
AMM on Magnetic: https://xmagnetic.org/amm
βοΈ Deposits and withdrawals from the AMM pools with maximum comfort
βοΈ Dividing volumes into AMM and DEX in a convenient presentation
βοΈ Nice display of LP tokens on your wallet balance
Magnetic is the only place on XRPL where you can make deposits into AMM pools. Yes, this carries some risks (because Ripple hasn't fixed the bugs yet), but we don't want to prevent users from doing what the blockchain allows. But at the same time, we do not encourage making deposits and warn users about possible risks (although we have never encountered any problems).
AMM on Magnetic: https://xmagnetic.org/amm
AMM in XRPL is now officially available! Ripple has fixed all bugs in AMM!
And the most convenient and comfortable service for using AMM is Magnetic!
Liquiding will be available very soon (developed by Magnetic). You will receive additional rewards for hold LP tokens!
AMM: https://xmagnetic.org/amm
MAG AMM pool: https://xmagnetic.org/amm/MAG+rXmagwMmnFtVet3uL26Q2iwk287SRvVMJ_XRP+XRP
And the most convenient and comfortable service for using AMM is Magnetic!
Liquiding will be available very soon (developed by Magnetic). You will receive additional rewards for hold LP tokens!
AMM: https://xmagnetic.org/amm
MAG AMM pool: https://xmagnetic.org/amm/MAG+rXmagwMmnFtVet3uL26Q2iwk287SRvVMJ_XRP+XRP
We received many questions from users about the fact that many do not understand what AMM is and how to work with it. Therefore, we have made the most detailed and simple article that will explain all the key points of AMM.
https://telegra.ph/AMM-in-XRPL-how-does-it-work-04-12
https://telegra.ph/AMM-in-XRPL-how-does-it-work-04-12
Telegraph
AMM in XRPL, how does it work?
Many users do not understand how AMM works, in this article we tried to explain the main functions of AMM in the simplest possible language.
Right now you can go to the mining page and see that the difficulty for MAG mining has been reset.
This is a small compliment from us to all miners. Very soon we will see Liquiding, which will replace mining and bring real benefits to the token.
In the meantime, enjoy mining!
β‘οΈ https://xmagnetic.org/mining-pools
This is a small compliment from us to all miners. Very soon we will see Liquiding, which will replace mining and bring real benefits to the token.
In the meantime, enjoy mining!
β‘οΈ https://xmagnetic.org/mining-pools
Zealy quests end in 4 days!
And recently we added a new type of quests! You will be able to dive into the new AMM update on XRPL, as well as earn XP and take part in liquiding in the future to earn additional MAG!
Go to AMM Module!
https://zealy.io/cw/magneticx/questboard?invitationId=LhqjBKMfTTCLkxY-6vlPW
And recently we added a new type of quests! You will be able to dive into the new AMM update on XRPL, as well as earn XP and take part in liquiding in the future to earn additional MAG!
Go to AMM Module!
https://zealy.io/cw/magneticx/questboard?invitationId=LhqjBKMfTTCLkxY-6vlPW
Work on AMM is completed.
Now you can:
βοΈ Vote for the trading fee.
βοΈ Take part in the auction and trade with a minimum fee.
βοΈ View statistics for all AMM pools on the main page.
βοΈ View the list of pool contributors.
The next step will be liquiding
Stay tuned for updates!
AMM on Magnetic
MAG AMM pool
Now you can:
βοΈ Vote for the trading fee.
βοΈ Take part in the auction and trade with a minimum fee.
βοΈ View statistics for all AMM pools on the main page.
βοΈ View the list of pool contributors.
The next step will be liquiding
Stay tuned for updates!
AMM on Magnetic
MAG AMM pool
XMagnetic Official
π Exciting Announcement! π Introducing the Magnetic Zealy Campaign β where community engagement meets incredible rewards for simple tasks! We're giving away a massive prize pool of over 15,000 XRP to participants who complete engaging activities. Here'sβ¦
Zealy quests are over!
In the next 24 hours, we will collect the wallets of all the winners and begin sending prizes!
In the next 24 hours, we will collect the wallets of all the winners and begin sending prizes!
XMagnetic Official
Zealy quests are over! In the next 24 hours, we will collect the wallets of all the winners and begin sending prizes!
Rewards sent to all participants β
Check your wallets!
Check your wallets!
β‘οΈ Hold LP tokens
βοΈ Receive a daily reward to your wallet
βοΈ Receive extra rewards for NFT hold and trading volume
β Fixed reward, which is divided among all participants every day
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Farming (formerly liquiding) at the final stage.
The tool is completely ready, all that remains is to carry out some tests and the first Farming in XRPL will be launched on xmagnetic.org!
Briefly on how it will work:
You add liquidity to an AMM pool and receive LP tokens in return. We monitor how many LP tokens each user has and send rewards based on the percentage of LP tokens held. You can also increase your LP token share without adding additional funds to the AMM pool. This can be achieved with the help of NFTs and trading volume.
The tool is completely ready, all that remains is to carry out some tests and the first Farming in XRPL will be launched on xmagnetic.org!
Briefly on how it will work:
You add liquidity to an AMM pool and receive LP tokens in return. We monitor how many LP tokens each user has and send rewards based on the percentage of LP tokens held. You can also increase your LP token share without adding additional funds to the AMM pool. This can be achieved with the help of NFTs and trading volume.
The first Farming on XRPL will be launched tomorrow at 15:30 UTC
Mining on the XRPL network will be stopped tomorrow at 15:00 UTC
Mining on the XRPL network will be stopped tomorrow at 15:00 UTC
Earn additional rewards for providing liquidity in AMM pools that are tens of times higher than the fees you receive.
The first XRPL Farming pool MAG/XRP is now available.
1οΈβ£ Add liquidity to receive LP tokens.
2οΈβ£ Hold Magnetic NFTs and trade MAG to increase the percentage of LP token hold and earn more rewards.
β Get your first reward tomorrow at 15:00 UTC.
Farming: LINK
More information about farming: LINK
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Important information related to farming:
1. All remaining MAG emission will be distributed through farming.
2. Since some MAG was burned in mining, 50% of the current emission will also be burned.
3. Now farming rewards are distributed based on the average LP token holding throughout the day. This is done to prevent abuse of the system.
4. As about 25% of all MAG from mining was sent to the Magnetic wallet, and the team does not receive anything from farming, 12.5% of the remaining tokens will be sent to the Magnetic development fund (the remaining 12.5% will be burned).
5. Wallets with fake trading volumes will be blocked from participating in farming.
6. The trading volume boost percentage and NFT holding bonus are still being adjusted and may change.
7. New farming pools will appear soon as partnerships with other projects are established.
β TVL in the AMM pool MAG/XRP has increased to 140k XRP in the last day!
β The whitepaper will be updated soon.
β MAG burning will occur in 12 hours.
Farming: https://xmagnetic.org/farming
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Magnetic
Farming πΎ β’ Magnetic - #1 XRPL DEX, Farming πΎ, AMM, NFTs, Memepad π, Swap, Bridge, Tokens
Provide liquidity to AMM pools and receive rewards every 24 hours.
1100 MAG will remain for distribution through farming, which will take several years.
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