# MagicRing (Mring)

> Description:
MagicRing is a community-driven MEMECOIN built on the Ethereum blockchain, aiming to blend entertainment with functionality in the cryptocurrency space. As an ERC-20 token, it leverages the secure and established Ethereum network to offer a decentralized digital asset that infuses the playful culture of internet memes with the serious potential for value transfer and growth.

Purpose:
The primary purpose of MagicRing is to introduce a fun, relatable entry point into the world of cryptocurrencies, engaging a broader audience beyond traditional investors. It serves to create a bridge between popular culture and digital assets, making the blockchain technology behind it more accessible and understandable to the public.

Function:
MagicRing functions as a medium of exchange within the ecosystem it supports, facilitating transactions, tipping, and micro-transactions across social media and other online platforms. Additionally, the token is designed to incentivize community participation through rewards and to serve as a vehicle for community-driven governance.

Utility:
The utility of MagicRing tokens includes:

Transactions: Used for peer-to-peer transactions and as a payment method for goods and services within the ecosystem.
Community Rewards: Holders can earn additional MagicRing tokens through various community engagements, contests, and contributions.
Governance: Token holders have a say in the project's direction and decision-making process through a democratic voting system.
Staking: Users can stake their MagicRing tokens to earn rewards, contributing to the stability and security of the network.

## Price Data

- **Current Price**: $3.774e-10
- **Market Cap**: N/A
- **Fully Diluted Valuation**: $37.74K
- **Circulating Supply**: N/A
- **Total Supply**: 100000.00B Mring

## Price Changes

- **24h**: +0.05%
- **30d**: -0.26%
- **90d**: -0.14%
- **365d**: -0.37%

## Chain Availability

Available on: ethereum

## Resources

- [Website](https://magicring.org/)
- [Coingecko](https://www.coingecko.com/en/coins/magicring)
- [Dex.guru](https://dex.guru/token/eth/0xd59d7d2e955533fcd21641da8a70eae9624a3c49)

## Links

- [View on Zerion](https://app.zerion.io/tokens/Mring-cd51c8d6-3b20-415a-bb6b-cd8a7eb6ce18)
- [Trade on Zerion](https://app.zerion.io/tokens/Mring-cd51c8d6-3b20-415a-bb6b-cd8a7eb6ce18)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset