Question 1

What is it?

Accepted Answer

Magic Fox is a DEX and yield optimizer protocol with various B2B services launching on Binance Smart Chain, Arbitrum, and Polygon using LayerZero.

Question 2

What is it used for?

Accepted Answer

MagicFox offers a variety of features that set it apart from other platforms. Its investors can enjoy a 25% revenue share, the chance to participate in its bribes and voting program, refer-a-friend program, boosted farms and boosted vaults, swap revenue, optimizer revenue and many more.

The SHROOM token is one of two tokens native to the MagicFox ecosystem, along with the FOX token. SHROOM is representative of MagicFox Optimizer and is emitted as a bonus reward for investors providing liquidity in vaults on MagicFox Optimizer. SHROOM token holders can earn a share of optimizer fees, governance rights, earn bribes from voting, earn fees from voting, earn a share of B2B fees, staking APR from token emissions (rebase), and boosted vault rewards.

Question 3

Who created it?

Accepted Answer

We couldn’t find any information about who created it.

*The official SHROOM ticker is “SHROOM” and trades under that name on all the exchanges where it has been listed. The designation “SHROOMFOX” is for CryptoCompare.com only.*