Magnify Cash launches DeFi protocol with $MAG token Fair Launch, offering revolutionary decentralized credit markets.
From Investing.com
July 23, 2024 6:30 PM:
Magnify Cash introduces a cutting-edge DeFi protocol and unveils the upcoming Fair Launch of its $MAG token. The platform aims to revolutionize decentralized credit markets by offering innovative products like permissionless lending desks and support for various digital assets, ensuring increased liquidity and security for users.
The $MAG token sale will run from July 23rd to July 27th, with over 70% of tokens allocated to the public through Fjord Foundry’s liquidity bootstrapping protocol. By promoting fair distribution and community engagement, participants like lenders, borrowers, and liquidity providers can earn $MAG tokens and contribute to the platform’s growth.
Magnify Cash’s Universal Collateral Acceptance feature allows users to leverage NFTs, tokenized real-world assets, and various tokens as collateral, unlocking liquidity without selling valuable assets. The platform also boasts comprehensive support for lending currencies, seamless operations, enhanced liquidity options, and advanced risk management through dynamic interest rate models.
With successful testnet results, Magnify Cash is set to launch on exciting platforms like the Base Mainnet and introduce RWAs soon. The platform’s strategic alliances with industry partners and rigorous security audits reinforce its commitment to providing a secure and reliable decentralized credit market for users worldwide.
Interested participants can secure $MAG tokens by joining the Fair Launch at Fjord Foundry and explore Magnify Cash’s ecosystem through the website, Pitch Deck, Whitepaper, and technical documentation. Engaging with the vibrant community on social media platforms like Twitter, Telegram, and Discord allows users to stay updated on real-time developments and receive support from the Magnify Cash team.
Read more at Investing.com: Magnify Cash Launches DeFi Protocol and Announces $MAG Token Fair Launch By Chainwire