Dark Magic $DMAGIC

Dark Magic is a distinctive crypto utility token that draws its unique features from a combination of transaction fee, price floor mechanics and a special locked liquidity pool token known as Drax. The workings of Dark Magic hover around the functionality it brings to its own and other ecosystems as it establishes products and partnerships, reflecting a corresponding rise in the volume and transfers of the token.

Transaction Fee and Yield Farming Rewards

Dark Magic enforces a 1.5% transaction fee. This mechanism contributes significantly to the yield farming rewards, future development of the project, and token burning. The increase in volume and transfers of Dark Magic directly impacts the transaction fees, thereby enhancing the yield farming rewards for token holders. This subsequently leads to more tokens being taken out of the supply, a process referred to as burning.

Price Floor Mechanics and Exponential Growth

The unique feature of Dark Magic is its price floor mechanism, determined through its locked liquidity pool. As more tokens get locked into this liquidity pool and as more tokens are burned, the price floor of Dark Magic progressively increases. This results in an exponential growth curve over time, making it a valuable addition to any crypto portfolio.

Liquidity Pool and Project Benefits

Moreover, the liquidity pool is locked down, offering additional security to token holders. With the liquidity locked, any tokens paired to Dark Magic beneath the price floor can be accessed via a call function and "swept out". The tokens retrieved in this manner can then be utilized for the advancement of the project, such as by creating additional yield farms and rewards for other products and actions.