Magikarp ($MAGI) is a RFI token, which means that, with every transaction made, there will be a % of the value splashing back to all holders and a % that will be burned. The maximum percentage for this purpose is 9% (hardcoded, safu).
Currently the distribution burn fee is set to 6% distribution / 3% burn.
In the near future there will Community Votes to decide how to readjust this ratio (i.e.: 6% burn and 3% shared, or 4.5% burn — 4.5% shared). This is the Normal Fee Mode.
In the first week, we will release the Storm Mode, which is a different type of tax mode, we don’t want to reveal too much but know that the max cap will still only be 9%. More information will be published in an upcoming medium post and there will be a 24h notice before it goes into effect.
This offer is based solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.