Tezos Magic Button experiment: new version of the old game. MAG token, Governance, Yield Farming

What is the Magic Button Experiment?

Game Mechanics:

  • 80% of this sum goes to the Prize Pool. The winner takes it all — the only thing you need to do is to be the last one who clicked the button before the time ran out!
  • 10% goes to the Dividends Fund.
  • 10% goes to the Piggy Bank.
  • The timer maximum is 100 hours.
  • If the Prize Pool is over 25 XTZ and the countdown is less than 1 hour, after your click — the timer will show 1 hour.
  • If the Prize Pool is over 100 XTZ and the countdown is less than 45 minutes, after your click — the timer will show 45 minutes.
  • If the Prize Pool is over 1000 XTZ and the countdown is less than 30 minutes, after your click — the timer will show 30 minutes.
  • If the Prize Pool is 2000 XTZ and the countdown is less than 15 minutes, the timer will show 15 minutes.
  • If the Prize Pool is over 5000 XTZ and the countdown is less than 5 minutes, the timer will show 5 minutes.
  • In all other cases the timer starts the countdown from 100 hours.

MAG token and staking

In the process of the game, each button click paid by XTZ transfers 1 MAG token to your account. While waiting till the countdown expires, you can stake MAG tokens and earn rewards!

MAG Yield Farming

Governance

Why do I need a MAG token?

The Tokenomics of the Magic Button Experiment is simple: you enter with some XTZ to click the button and earn MAG tokens that you can use in staking, farming, and voting.

How can I earn from the game?

The Prize Pool size depends on the users’ activity. But getting it all depends on your luck: you should keep an eye on the button and be the last one to click it before the countdown expires!

  • Staking MAG tokens on the Dividends page and receiving XTZ from game participants.
  • Getting Baker’s XTZ rewards on the staked MAG tokens.
  • Creating LP tokens on QuipuSwap and staking them on the Farming tab to earn more MAG tokens
  • Holding staked MAG tokens to get the portion of XTZ from the Piggy Bank after 42 months from the Magic Button experiment launch.
  • Trading MAG tokens on QuipuSwap

Security and audit

We have conducted an internal security audit of all our smart contracts and made the Magic Button Experiment open source and available on GitHub. We would be happy to receive any feedback about the quality of our code. It is a more educational project, so we don’t plan to order external audits.

How to start playing

Easy! Just select XTZ as your currency, and you need to have enough balance to pay for the button click. Before clicking, make sure you’ve connected the Temple wallet on the game page. The next click will be available to you in 1 minute.

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DegenTech

DegenTech

Group of degen developers who loves experiment with DeFi