Common questions about MagBit, token mechanics, and ecosystem operations
MagBit (MGB) is a utility token, not a security or investment product. It is designed for ecosystem utility and business deployment. Purchasing MGB does not constitute an investment contract, and there are no guaranteed returns. Token value is determined by market forces on decentralized exchanges.
MGB price is determined by supply and demand dynamics on QuickSwap DEX through automated market maker (AMM) mechanics. The initial launch price was ₹0.56 INR, but current pricing is purely market-driven.
No. MagBit has a fixed maximum supply of 10,561,419,179 MGB. The smart contract does not allow minting of additional tokens. This fixed supply is permanently coded into the contract.
MagBit supports all Polygon-compatible wallets including MetaMask, Trust Wallet, Coinbase Wallet, Ledger hardware wallets, and any wallet that supports ERC-20 tokens on Polygon Network.
Key risks include: market volatility, liquidity risk, smart contract risk, regulatory uncertainty, and loss of private keys. Never invest more than you can afford to lose.
