Magic Square Launchpad
Magic Square is a decentralized ecosystem in the Web 3 space.
A platform on which the main component is the Magic Store, through which users can explore and effectively interact with various communities, decentralized applications, games and cryptocurrency projects. Moreover, each user has a chance to receive rewards by interacting with all the products of the Magic Square ecosystem. Magic Square is a Web 3 App Store and Google Play in a single system, which became possible thanks to the technologies of cryptocurrencies and blockchains involved.
The main goal of the developers is to promote widespread adoption of digital assets and DApps by attracting new users to the ecosystem. With a user-friendly framework and a diverse selection of applications, the project team simplifies interaction with Web3, allowing users to easily navigate the world of cryptocurrencies.Date of foundation: 2024
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Core team of Magic Square
The Magic Square team consists of experienced software developers, blockchain professionals, high-end managers, content managers and just plain crypto-enthusiasts. Key members of the Magic Square team:
- Andrey Nayman (CEO)
- Michael Landsberger (COO)
- Matan Kelly (CFO)
- Viktor Fish (VP, R&D)
- Nate Holtzman (Partnerships director)
- Shimon Cogan (CLO)
- Vanessa Tang (Content manager)
- Anastasija Barbara Isakov (Marketing & Operations)
More info about Magic Square Launchpad
Magic Square has combined the advantages of App Store and DAO technologies, thereby creating a safer and more accessible environment for all dApps, DeFi, NFTs, games, etc. Magic Square has literally become a DAO marketplace for applications, focused as much as possible on the community and developers to control the quality of applications. Thus, the Magic ecosystem is able to filter out fraudulent applications and scammers. For users, Magic Square is an application marketplace. Key decisions, including the choice of applications, are in the hands of the community and work according to all principles of Decentralized Autonomous Organizations (DAO). Thus, holders of internal SQR tokens can vote for adding applications to the platform. One account is used for all applications in Magic Square. In turn, for application developers, Magic Square provides an interface with the possibility of advertising integrations, promotion and other functions. In January 2024, Magic Square released its own token SQR and is now actively developing, providing users with new ways to earn money and developers with opportunities to raise funding and audience attention. Thus, among the important changes is the realization of its platform for Initial DEX Offering (IDO), in which absolutely every Web3 user will be able to participate. A typical feature of Magic Launchpad is the “Road-to-IDO” system, which is held before each initial offering. With this model, users have the opportunity to earn tokens from blockchain startups by performing certain actions in the community of a particular project long before the project appears in the Magic Launchpad list.
How to participate in IDO on Magic Launchpad
In order to participate in IDO and get allocated, the user must utilize another service from Magic Square – SQR token staking. The token stake on Magic Launchpad is a strategically important decision that can capitalize on the growth of the platform by allowing participants to remain part of the ecosystem. It’s not much different from classic token staking, except that in addition to the quantitative growth of the asset, the user still gets allocation in the future token drop of the project released through the launchpad. In addition, for participating in SQR staking, users are awarded additional incentive points in the form of SQRp Points, which directly affect the prospects of allocations when participating in IDOs. SQRp points actually indicate the user’s share in the token allocation of blockchain startups that conduct IDOs. Moreover, the longer a user holds an SQR token in the staking, the more SQRp points will be accumulated. In turn, the more SQRp points the more allocation the participant will receive during the distribution.
Token SQR
SQR is a proprietary and governance token of Magic Square Web3 platform, which includes a store of DApps. The token is powered by the BNB Smart Chain blockchain and powers the entire Magic Square ecosystem. In addition, SQR is an instrument through which its holders have greater empowerment and access to the unique features of Launchpad Magic.
Key metrics of Magic Square Launchpad
- 5 successful IDOs
- Raised more than $700k
- ROI in ATH: 184.8% (2.85x)
- Blockchain support: Ethereum, BNB Chain, Arbitrum, TON
Launched of categories
- DeFi – 60%
- Blockchain service – 20%
- GameFi – 20%