MAGIC on BNB Chain
Verdict: neutral.
MAGIC is a verified ERC20 tax token built on an upgradeable proxy pattern (FlapTaxTokenV3). Ownership is renounced per on-chain RPC check, which disables owner-only functions like startMigration and finalizeMigration. However, the contract contains a mint capability, and the upgradeable architecture means the implementation could theoretically be swapped if a proxy admin exists separately from the owner. Liquidity is low at roughly $15k.
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