# Magpie (MGP)

**Current Price:** $0.002618 (📉 -2.63% 24h)

**Price in BTC:** 0.00000004 BTC

**Rank:** #2889

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## Market Statistics

| Metric | Value |
|--------|-------|
| Market Cap | $1.5M |
| Fully Diluted | $2.6M |
| Volume (24h) | $1K |
| Vol/Mkt Cap | 0.07% |
| Total Supply | 1,000,000,000 |
| Circulating Supply | 567,972,918 |

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## Price Changes

| Period | Change |
|--------|--------|
| 1 Hour | +0.54% |
| 24 Hours | -2.63% |
| 7 Days | -6.49% |

### All-Time Records

- **All-Time High:** $0.21 (-98.75% from ATH) on Dec 18, 2024

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## Contract Addresses

- **Binance Smart Chain:** `0xd06716e1ff2e492cc5034c2e81805562dd3b45fa`
- **Arbitrum One:** `0xa61f74247455a40b01b0559ff6274441fafa22a3`

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## Website

- [magpiexyz.io](<https://www.magpiexyz.io/>)

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## Explorers

- [bscscan.com](<https://bscscan.com/token/0xd06716e1ff2e492cc5034c2e81805562dd3b45fa>)
- [intel.arkm.com](<https://intel.arkm.com/explorer/token/magpie>)
- [arbiscan.io](<https://arbiscan.io/token/0xa61f74247455a40b01b0559ff6274441fafa22a3>)
- [binplorer.com](<https://binplorer.com/address/0xd06716e1ff2e492cc5034c2e81805562dd3b45fa>)

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## Categories

- [Arbitrum Ecosystem](<https://coinstats.app/categories/62cf32500fe1c959b31bfa3d/>)
- [BNB Chain Ecosystem](<https://coinstats.app/categories/62df90f00fe1c959b306feb6/>)
- [Binance Alpha Spotlight](<https://coinstats.app/categories/6768e04f4cc309cf0a9142f7/>)

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## Community

- [Telegram](<https://t.me/101118>)

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## About Magpie

<h2>What is Magpie?</h2>

<p>Magpie is a blockchain\-based platform that enables users to securely store, transfer, and exchange digital assets\. It provides a secure and reliable environment for users to trade digital assets with each other without the need for intermediaries or third parties\. The platform also allows users to access various decentralized applications \(dApps\) built on top of the Magpie blockchain\. With its advanced smart contract technology, Magpie ensures that all transactions are secure and transparent\.</p> 

<p>The Magpie network is powered by its native cryptocurrency, MAGPIE token\. This token serves as the primary medium of exchange within the platform and can be used to pay for fees associated with transactions and services provided by dApps built on top of the network\. Additionally, it can also be used as collateral when trading in other digital assets\.</p> 

<p>The main objective of Magpie is to provide a secure and efficient way for users to store, transfer, and exchange digital assets while maintaining privacy and security\. It also aims to reduce transaction costs associated with traditional financial systems while providing faster settlement times\.</p> 

<p>To ensure security, Magpie utilizes an advanced consensus mechanism called Proof\-of\-Stake \(PoS\)\. This mechanism requires validators who stake their tokens in order to validate transactions on the network\. In return for staking their tokens, validators receive rewards in form of MAGPIE tokens\.</p> 

<p>In addition to PoS consensus mechanism, Magpie also employs several security measures such as multi\-signature wallets which require multiple signatures before any transaction can be executed; encrypted data storage; distributed ledger technology; and more\.</p> 

<p>Overall, Magpie provides a secure and reliable environment for users to store, transfer, and exchange digital assets while ensuring privacy and security\. Its advanced features make it one of the most promising platforms in the blockchain space today\.</p>

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## Magpie Token Risks

**Trust Score:** 94/100

| Risk Type | Severity | Result |
|-----------|----------|--------|
| Centralized Burn | 🟠 high | ✗ Failed |
| Proxy (Upgradeable) | 🟠 high | ✗ Failed |
| Selfdestruct | 🟠 high | ✗ Failed |
| Blacklist | 🟠 high | ✗ Failed |
| Transfer event amount mismatch | 🟠 high | ✗ Failed |
| Unauthorized Token Approvals | 🟠 high | ✗ Failed |
| Centralized Mint | 🟠 high | ✗ Failed |
| External call in transfer | 🟡 medium | ✗ Failed |
| Cooldown checks | 🟡 medium | ✗ Failed |
| Pausable | 🟡 medium | ✗ Failed |
| Blockable Transfer | 🟡 medium | ✗ Failed |
| Approval event not emitted | 🟡 medium | ✗ Failed |
| Basic Transfer Fee | 🟡 medium | ✗ Failed |
| No Transfer event emitted | 🟡 medium | ✗ Failed |
| Balance Manipulation | 🟡 medium | ✗ Failed |
| Whitelist | 🟢 low | ✗ Failed |
| Assembly usage in transfer | ⚪ minor | ✗ Failed |
| ETH Balance Sweep | ⚪ minor | ✗ Failed |
| Not fully ERC20 compliant | ⚪ minor | ✗ Failed |
| Asset Withdrawal | ⚪ minor | ✗ Failed |

[Learn more about token risks](<https://coinstats.app/blog/risks/>)

---

## Related Assets

### Trending Cryptocurrencies

- **Solana** (SOL)
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- **Tether Gold** (XAUT)
- **パンチ \(Punch\)** (PUNCH)
- **Zcash** (ZEC)
- **XRP** (XRP)
- **PAX Gold** (PAXG)

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- **Be For FWX** ()
- **Alien Base** ()

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## Magpie News

### [Over 40% of Binance Alpha Tokens Drop in Price After Announcement](<https://coinstats.app/news/8ea58cb82853cc7b17df16929c66eccecd5a167b1b26da401808d77e37ad6a33_Over-40-of-Binance-Alpha-Tokens-Drop-in-Price-After-Announcement>)
*Unknown - Dec 23, 2024*

Binance Alpha, a newly integrated feature in Binance Wallet, is designed to showcase early\-stage crypto projects with the potential for future official listing on Binance\....

### [Binance Alpha Unveils Fifth Project Batch Featuring MGP and ZEREBRO Amid Logo Confusion](<https://en.coinotag.com/breakingnews/binance-alpha-unveils-fifth-project-batch-featuring-mgp-and-zerebro-amid-logo-confusion/?utm_medium=referral&utm_source=coinstats>)
*Unknown - Dec 23, 2024*

On December 23, COINOTAG reported that Binance Alpha has unveiled its fifth batch of projects, which encompasses MGP, ZEREBRO, COOKIE, WHALES, and ORDER\. Notably, the MGP token was previously highligh...

### [Binance Alpha Excludes Duplicated MGP Token from Fifth Batch of Projects](<https://en.coinotag.com/breakingnews/binance-alpha-excludes-duplicated-mgp-token-from-fifth-batch-of-projects/?utm_medium=referral&utm_source=coinstats>)
*Unknown - Dec 23, 2024*

Binance Alpha has currently removed the duplicated MGP token from the fifth batch of projects\. Previously announced by Binance Alpha, the fifth batch of projects included MGP, ZEREBRO, COOKIE, WHALES,...

### [Magpie Announces Integration with Sonic Labs for High-Speed Transactions](<https://coinstats.app/news/7115c7efe71bfdebea238f40aea3957514cb86613b4e95e4be55129de99867b1_Magpie-Announces-Integration-with-Sonic-Labs-for-HighSpeed-Transactions>)
*Unknown - Dec 6, 2024*

As per Magpie Protocol, its decentralized application will launch and become completely operational on the well\-known EVM L1 blockchain Sonic\....

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## Also Check Magpie Price On

- [CoinGecko](<https://www.coingecko.com/en/coins/magpie>)
- [CoinMarketCap](<https://coinmarketcap.com/currencies/magpie>)
