Magic Square is an app store that allows users to use many DApps of many different blockchains in a single interface, aiming to create a comprehensive, accessible Web3 ecosystem for everyone. People. So what is Magic Square? Let's find out with Coin68 in the article below.
What is Magic Square (SQR)? Learn about the leading Web3 app store on Binance Smart Chain
What is Magic Square?
Magic Square is a community-run, Multi-Chain enabled Web3 app store. Magic Square allows users to explore and experience different DApps in a single platform and allows developers to profit from their applications.
What is Magic Square?
Magic Square not only builds a simple app store, but also aims to create a comprehensive, accessible Web3 ecosystem for everyone. With innovative philosophies and solutions, Magic Square promises to contribute to bringing Web3 to a new level, where blockchain technology becomes friendly and useful for everyone.
Magic Square products
Magic Store
Magic Store
Magic Store is a Web3 app store where investors can explore, gain information and interact with a variety of community-approved Web3 apps and games.
This store allows users to vote, rate and remove inappropriate applications. Magic Store is designed with a friendly, easy-to-control interface to bring a smooth user experience.
Magic ID
Magic ID
Magic ID is an advanced solution for digital identity management, providing a multi-credential network solution that enables secure and convenient access to a variety of platforms and services.
Magic ID supports a variety of login methods, including wallets, email, and social networks, providing users with a unified login experience
Magic Space
Magic Space
To enhance the Magic Store experience with a completely user-focused interface, Magic Square developed Magic Space, a personal dashboard for apps and widgets. This eliminates the need for users to switch between websites or apps on their devices; instead, they can easily navigate and select the apps they want to use within a single interface. .
Magic Karma
Magic Karma
Magic Karma is a reward type of Use-to-Earn model integrated in Magic Store, users can earn Magic Karma from every action they take on Magic Store, such as creating Magic ID, verifying email , set up a profile, log in daily to the Magic Store, and when inviting more users by Chia the app on their social channels.
Based on the membership level and amount of Magic Karma earned by the user, they can receive SQR Token from a total of 10,000 SQR daily and track Karma history and statistics in their profile.
Magic Boost
Magic Boost
Magic Boost is the world's first affiliate marketing network specifically focused on the Web3 and Blockchain sector, aiming to help startups and modern businesses achieve business growth and expansion.
As part of Magic Boost, users will get priority access to all advertising space, exclusive offers and new promotions. This means they will stay on top of trends and have early knowledge of any potential income generating opportunities.
Development roadmap
Quarter 01/2024
- Deploy public sale and TGE events.
- Announced Proof-of-Work campaign in Magic Store.
- Introducing a new reward system with Binance gift cards.
- Upgrade user administrative rights.
- Adding new applications, content, and features.
- Marketing aims to attract investors to participate.
- Launching a multi-level loyalty badge system.
- SpaceID integration.
Quarter 02/2024
- Launch of Magic ID 2.0.
- Upgrade news and announcements section.
- Integration of DeFi features.
- Announcing the 2.0 rating system and active income linking function.
- Launched Magic Community In Chat/Messenger, Magic Grants, Magic Launchpad and Magic Merch Store.
Quarter 03/2024
- RTB Marketing
- Introducing Magic Wallet
Quarter 4/2024
- Launching applications on mobile devices.
Development team
Magic Square's development team includes:
- Andrey Nayman (Co-Founder & CEO)
- Benjamin Vodovozov (Co-Founder & CMO)
- Steve Cho (Chief Product Officer)
- Eugene Kyselev (Blockchain Architect)
Investors
Magic Square has raised 4 million USD by famous investment funds such as Binance Labs , Kucoin Labs, Crypto.com, Huobi Ventures, Gate Labs,...
Tokenomics
Token metric
Token name | Magic Square |
Symbol | SQR |
Blockchain | Binance Smart Chain |
Contract | 0x2B72867c32CF673F7b02d208B26889fEd353B1f8 |
Total supply | 1,000,000,000 SQR |
Allocation rate and Token Issuance schedule
SQR Token allocation rate
SQR Token are allocated and issued as follows:
- Development team - 20%: Locked for 12 months, then vesting for 30 months.
- Mentoring - 5%: 12-month lock-in, then vesting for 30 months.
- Private round phase 1 - 13%: Unlock 5% at TGE, lock for 6 months then vesting for 24 months.
- Private round phase 2 - 4%: Unlock 10% at TGE, lock for 6 months then vesting for 18 months.
- KOL round - 2%: Unlock 5% at TGE, lock for 6 months then vest for 20 months.
- Public sale - 1%: Unlock 10% at TGE, then vesting for 9 months.
- Ecosystem grant - 12%: Vesting for 36 months.
- Pre-TGE drop - 1%: 100% unlocked at TGE.
- Community rewards - 11%: Unlocked for 36 months.
- Market Maker - 3%: 100% unlocked at TGE.
- Liquidity and Listing - 7%: Unlock 50% at TGE, remaining 50% vesting after 1 month.
- Reserves - 21%: Vesting for 36 months.
Token Use Case
SQR Token are used to:
- Protocol administration
- Marketing
- Rewards for using DApps
summary
Through the above overview article about the Magic Square project, Coin68 hopes readers will grasp basic information about this project to make their own investment decisions. Wishing you successful investments!
Note: The information in the article is not XEM investment advice, Coin68 is not responsible for any of your investment decisions. Wishing you success and earning a lot of profit from this potential market.
