What Is MsgSender(MSG)
MsgSender is a decentralized wallet (Android and IOS ) with a visually and mobile-friendly DEX front end. MsgSender provides easy pair selection and charts for all pair on Pancake and other DEX on Binance Smart Chain. People who have experienced MsgSender use these words to describe it: “It’s a DEX just like CEX”.
MsgSender Coin is a mobile product that gives users a new way to interact with existed decentralized exchanges (DEXs), they don’t create DEX, they only build bridge to DEX. MSG is a native token in MsgSender ecosystem, which has been listed on Pancake, Binance Smart Chain.
The traditional way to trade on DEXs is through their websites and 3rd party wallets, just like TP + Pancake Website, which is definitely not user-friendly, and it costs too much time, transaction failed frequently in rush hour.
MsgSender integrates Multi-Chain wallets with an improved user interface for trading and liquidity providing, which helps create a user experience that is similar to CEX products.
Important Points Table Of MsgSender
| Basic | Points |
|---|---|
| Coin Name | MsgSender |
| Short Name | MSG |
| Total Supply | 11,000,000 |
| Explorer | Click Here To View |
| Documentation | View Document |
| Website | Click Here To Visit |
How to Buy the MSG Coin & Trade On Exchange?
Problems of DEX
1. There are too many DEXs operating in the market, with different chains and wallets, but new users don’t have a one-stop platform.
2. User interfaces of web-based DEXs are usually complex and not user-friendly.
3. Tokens & Pairs selection process on web-based DEX is too complicated.
4. Not enough data for trading or decision making; traders require more information such as charts, liquidity data, order history, real time filled orders, user positions, APY, etc.
5. Lack of deep and valuable data like hot trading pairs, newly listed pairs, liquidity rank, etc. where traders can find the invaluable opportunities they are looking for to make them rich.
6. Trading procedure like pancakeswap cost too much time, usually 10 seconds.
7. To exchange USDT between diffenert chains, you need to find other Apps.
8. They can’t do planned order on DEX.
What Solutions Offer
Integrated DEX & wallet function
It is the first time that a decentralized wallet and DEX are integrated one single mobile app, they created history. Like any other crypto wallet, users can add their favorite tokens to their wallet. It supports all tokens on BSC, Ethereum, Polygon and OEC, and other chains will be integrated soon. MsgSender Wallet is forked from TrustWallet SDK, which is definitely safe and efficient, thank you TrustWallet team https://trustwallet.com/ , you can find source code in Github.
A CEX-like User-Friendly Interface
Traders are already familiar with user interface of top-tier centralized exchanges, like Binance, OKX and Coinbase, which are efficiency-oriented and user-friendly. Learning from their better qualities, the MsgSender team designed the UI to be similar to CEX, giving you a familiar and user-friendly interface.
Information Display
There are more than 500,000 trading pairs listed on Pancake. MsgSender Coin can provide users detailed charts for all existing trading pairs with peroids from 1 minutes to 1 week; every new trading pair will have its own chart automatically added after the first liquidity is provided. After trading or providing liquidity, users can find their positions and order history on the same page, all data are gathered from full nodes of BSC.
Trading Pair Decision-making Support
Trading Pairs are categorized by volume, by total transaction count in 24 hour, by totoal liquidity, and by listing time, etc. Users can discover hot pairs through the 24-hour ranking, which is calculated and ranked using SWAP transactions of a pair completed in the last 24 hours. we will continously add more pairs rank to make you a bigger chance.
Mission
MsgSender Coin mission is to bring new starters a purely mobile-based User Interface to DeFi, which is more user-friendly and effective than current web-based products. DeFi is a relatively new area of blockchain technology, honestly current product is complicated, current users are so smart, but don’t forget that how many people don’t have a chance to experience DeFi. And aim is to build a bridge between this amazing Defi and real world, through which marjority of population of real world can learn and interact with DeFi via their mobile devices easily.
MSG Tokenomics
MSG Token Total Supply 11,000,000 ( March 28, 2022 – )On March 26, we decide to burn 89,000,000 MSG token, therefore Total Supply of MSG token will be reduced from 100,000,000 to 11,000,000.
- 1.Circulating Supply, 9 million
- 2.Team, 1 million (Locked for 20 months, release will start from May 1st, 2022)
- 3.Operation & Development, 1 million, (locked for 20 months, release will start from May 1st, 2022)
Tax 6%(for both buy and sell)
- 1.2% will be burned immediately and reduce total supply.
- 2.2% will be sent to Marketing wallet, they will use 70% of the fund in Marketing Address to buy MSG and burn every month, 30% will be used to promoting MSG token.
- 3.1.5% will be sent to Reward Pool Contract Address, to reward Liquidity Providers, Period of Reward Pool will be set to 2 weeks, Reward Rate will be slightly adjusted every 2 weeks, because transaction volume fluctuated.
- 4.0.5% will be sent to Developer Address to ensure our development sustainable.
MSG Token Comsumption
- 1.ADs income to buy MSG Token and burn
- May 1st – Oct. 30th, 20% of Ads income will be used to buy MSG token and burn.
- Nov. 1st, 2022 – Jun. 30th, 2023, 40% of Ads income will be used to buy MSG token and burn.
- Jul. 1st, 2023 – Dec. 30th, 2023, 60% of Ads income will be used to buy MSG token and burn.
- Starting from Jan. 1st, 2024, 80% of Ads income will be used to buy MSG token and burn.
MSG History
Below MSG Smart Contract was created on May. 1st, 2021, which was dead already, holders will receive new MSG token on March 7, 2022.Old MSG token Allocation: Maximam Supply: 100 Million MSG100 million MSG tokens will be minted and will become accessible over the course of 2 years. There is a hard cap of 100 million set in token contract to ensure that no more than 100 million MSG can be minted, source code are as follows:
60% for community
60% of the total amount, which is 60 million MSG, will be used for liquidity mining, Liquidity Farming will start in September, 2021, date to be determined. Including 10 million MSG used as an incentive in the beginning with MsgSender Mobile APP’s DEX TOOL function; 50 million will be used to as incentive for MSG DeFi business in the future.
8% is for early stage fundraising
20% will be released when MSG is first listed on a centralized or decentralized cryptocurrency exchange, which is Aug. 27, 2021. either actively or passively; Remaining 80% of the pre-sold tokens will be unlocked on a monthly basis over a period of 8 months, 10% at a time.1.5% which is 1.5 million MSG Tokens are not sold, it will be unlocked with investors schedule, therefore 0.3 million MSG will be unlocked when listing, and the 0.3 million MSG will be used to add liquidity on Pancake.
