Last updated：--
View ChartMagpie (MGP) is the native token of Magpie XYZ, a DeFi platform built on BNB Smart Chain that is designed to boost yields for liquidity providers and governance token holders of veTokenomics protocols. The project addresses structural limitations in the veTokenomics model — originally popularized by Curve — where users must lock governance tokens for extended periods to gain voting power and emission claims. Magpie XYZ incentivizes governance token holders and liquidity providers to pool assets together, allowing the platform to acquire governance tokens, convert them into vote-escrowed tokens, boost yield for liquidity providers, and share a portion of protocol revenue back to governance token holders. The MGP token has a total and maximum supply of 1,000,000,000 tokens, with approximately 575.25 million in circulating supply. The project launched in 2022 and has since expanded its ecosystem presence across BNB Chain and Arbitrum.
Ali Raheman is identified as Founder and CEO at Magpie Protocol, described as a DeFi-focused project associated with cross-chain swap execution and liquidity. Andy is listed as Co-Founder, with references also connecting the Magpie XYZ project listing to a Founder and CEO at IBC Group. Detailed public information about the broader development team, advisory board, and organizational structure is currently limited.
Magpie XYZ operates by aggregating assets from governance token holders and liquidity providers. The platform uses pooled assets to acquire governance tokens of veTokenomics protocols, converts them into vote-escrowed tokens, and uses the accumulated voting power to direct emissions toward the liquidity pools where Magpie XYZ participants provide liquidity. This results in boosted yields for liquidity providers without requiring them to personally buy and lock governance tokens. In return, a portion of the protocol revenue generated from these boosted profits is shared back with governance token holders who contributed to the pool. The platform's architecture is based on advanced blockchain technology designed to ensure transaction security and transparency, and it is associated with cross-chain swap execution and liquidity capabilities.
Magpie XYZ addresses three core problems in veTokenomics: a limited user base due to the requirement to buy and lock governance tokens, limited passive income for veToken holders, and the high cost of acquiring voting power. By pooling assets, Magpie XYZ lowers the barrier for risk-averse liquidity providers to access boosted yields and provides governance token holders with a revenue-sharing mechanism. For veTokenomics protocols, Magpie XYZ offers a more diverse user base, increased income for veToken holders, and a cost-effective route to acquiring voting rights. The project's long-term vision is to offer veTokenomics as a service, helping other protocols transition to this model with greater ease. Its multi-chain presence across BNB Chain and Arbitrum further extends its accessibility.
MGP is the native token associated with the Magpie XYZ platform, which focuses on yield optimization for liquidity providers and governance token holders within veTokenomics protocols. The token relates to the platform's core mechanism of acquiring governance tokens, converting them into veTokens, boosting yield for liquidity providers, and sharing protocol revenue back to governance token holders. MGP trades on decentralized venues, with MGP/BUSD and MGP/BNB pairs available on PancakeSwap (v2). The token is also tracked across multiple price platforms and trading venues, and is tagged as part of the Binance Alpha and Binance Ecosystem categories.
Magpie XYZ began its integration with Wombat Exchange as its first veTokenomics protocol partner and has stated plans to expand to additional veTokenomics protocols. The long-term vision includes offering veTokenomics as a service to help other protocols adopt the model. The project carries tags including Yield Aggregator, PancakeSwap IDO, Protocol, BNB Chain Ecosystem, Arbitrum Ecosystem, Binance Alpha, and Binance Ecosystem. MGP is tracked on numerous price aggregation platforms and has trading pairs on PancakeSwap (v2). The token is also available for conversion against multiple fiat currencies on certain platforms. Community channels include X, Discord, GitHub, and Telegram, with holder counts reported at approximately 15,320 on CoinMarketCap and 1,978 on Arbiscan.
MGP is not a mineable cryptocurrency in the traditional proof-of-work sense. It is a token issued on BNB Smart Chain (BEP20) and Arbitrum (ERC-20). There is no public information describing a mining mechanism for MGP. Users who wish to obtain MGP typically do so through decentralized exchanges such as PancakeSwap, where MGP/BUSD and MGP/BNB trading pairs are available.
Because MGP exists on BNB Smart Chain and Arbitrum, users should store their tokens in wallets that support BEP20 and ERC-20 standards. Hardware wallets provide the strongest protection against online threats by keeping private keys offline. When using software wallets or browser-based wallets, users should verify contract addresses carefully before interacting with any token, as fake tokens with similar names can exist. Since MGP trades primarily on decentralized exchanges, users should also be cautious of slippage, liquidity conditions, and smart contract risks associated with DeFi platforms. Enabling two-factor authentication on any associated accounts and maintaining secure backups of seed phrases are recommended practices. The CertiK rating of 3.9 and the neutral token reputation on Arbiscan suggest that users should conduct their own due diligence before interacting with the protocol.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
Choose Magpie products that suit your trading style
Thank you for your interest in BTCC. Currently, spot and futures trading services for MGP are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Magpie (MGP) is $0.001569. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated MGP to USD rate at the top of BTCC’s price page. In terms of market scope, Magpie records a 24h trading volume of $2.388109K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $926.09389K. Its current circulating supply stands at 575.25M out of a maximum supply cap of 1B.
The price volatility of Magpie (MGP) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (575.25M) to max supply (1B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Magpie (MGP) hit an all-time high (ATH) of $0.211062 on 2024-12-18 10:00, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.001416 on 2026-10-20 01:10. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading MGP futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($2.388109K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s MGPUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Magpie, simply log into your BTCC account with USDT margin available, navigate to the MGPUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for MGPUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.001569), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for MGPUSDT with zero financial risk.
Trading Magpie (MGP) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for MGPUSDT, and review its live price ($0.001569) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
Bitcoin
Ethereum
Tether USDt
BNB
XRP
Solana
Dogecoin
Cardano
Avalanche
