Business News/ Brand Stories / All You Need To Know About Magniswap, The Next Generation of DeFi Token

DeFi is the newest evolution of cryptocurrency, encompassing the many new ways that crypto can be used to gain financial independence outside of the traditional banking systems and centralised finance. With DeFi, the control is taken away from singular, governmental control and instead entrusted to a community of users. This makes finance fairer and separates it from the troubles of government impact.

Magniswap (MAGNI) is the latest DeFi project entering the market, taking the best of what the technology has to offer and compiling it into a single project. Aspects of Magniswap include swapping, staking, and farming, as well as opportunities to participate in a DAO to help guide the project's future. The DAO enables users to vote on decisions within the project, making the system democratic and unbiased.

What Does Magniswap (MAGNI) Do?

Magniswap (MAGNI) is a DeFi platform with a focus on creating and nurturing a community engaged with the many functions that Magniswap (MAGNI) has to offer. This aspect of Magniswap is vital, as it allows the project to grow with a team of loyal and engaged people voting on important aspects of the platform.


The MagniSwap staking feature is based on the proof of stake algorithm which serves the blockchain network and rewards users with stakes. This aspect of the coin enables users to help formulate the price of the token. The interest generated from validating your transaction in relation to the amount staked will generate the staking reward, which can be claimed periodically or automatically. This helps to build the community aspect of the project, as users can participate by staking their MAGNI token and then receiving a reward for contributing to the ecosystem.


A crypto SWAP describes a platform where, as the name suggests, token holders can swap MAGNI tokens for others on the market and vice versa. Magniswap (MAGNI) will create their SWAP through the use of liquidity-backed smart contracts, which provide automated market makers (AMM) to lock in the value. MagniSwap accepts all major crypto and fiat currencies while benefitting from the quick and low-cost fees of the BNB Smart Chain as a BEP-20 token.

Token Farming

Engaging in farming is one of the major ways that MAGNI holders can work to make the most of their tokens, in a financially rewarding system that could result in major returns. Token farming describes the act of betting or lending crypto assets to earn rewards. The token farming opportunities with MagniSwap include:

1. MAGNI Token yield

2. Yield in the chosen liquidity pool

3. Yield from the appreciation/depreciation in the MAGNI token

The Next Generation of Blockchain Technology

The name Magni means strength and is pulled from the Norse God of the same name. In myth, Magni was the son of Thor, inheriting his father's strength and determination in battle. He was the future of Thor, the next generation.

If DeFi is the next generation of blockchain technology, then the name Magniswap (MAGNI) is an apt one. The name proudly displays not only the strength and determination to carve a place in the pantheon of crypto giants, but the future potential to change the crypto game.


Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in the same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute financial advice.

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Updated: 31 Aug 2022, 04:45 PM IST
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