Introduction to the Magic Square
General information about the Magic Square Ecosystem
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General information about the Magic Square Ecosystem
Last updated
Was this helpful?
Magic Square is a unique Web3 ecosystem where you can easily find the best Web3 projects. These projects are carefully chosen and reviewed by our active community, ensuring a high-quality and enjoyable Web3 experience for every user, regardless of their background.
: The Web3 App Store where you can discover, explore, and engage with a diverse range of community-vetted Web3 apps and games. It enables you to vote on and validate new projects, and to influence an app's trust score through detailed reviews. Additionally, you can earn rewards through the Magic Karma program and participate in the Magic Boost affiliate program. The store is designed for ease of use, featuring user-friendly navigation with categorized pages, ensuring a smooth browsing experience.
: A collection of exclusive deals specifically made by the projects listed on the platform. These offers are designed to provide you with attractive discounts and unique content. This feature not only adds value for you but also serves as an effective tool for listed projects to increase their visibility and user interaction.
: You earn Karma points by doing simple things like claiming deals, voting, signing up, and logging in daily. Later, you can exchange these points for real rewards.
: Is the foundation of Magic Square's ecosystem, providing users with the opportunity to enhance their platform experience through various membership levels. By locking in $SQR tokens, members unlock various benefits, including daily SQRp bonuses, increased earnings through Magic Boost, priority access to Hot Offers, eligibility for Airdrops, and additional raffle tickets, all while maintaining full ownership of their tokens. Magic Square's marketing strategy is essential for its long-term success, offering developers innovative promotional channels such as Hot Offers and Magic Boost, with payments made in $SQR tokens. Moreover, the platform fosters a reputable community through Karma, a system that rewards active and positive engagement and supports user attraction efforts with Developer Grants funded by the DAO, ensuring a vibrant and growth-focused ecosystem.
: It allows the community to determine which apps and projects are featured in the Magic Store. You cast votes on potential listings, guaranteeing that only projects meeting the community's quality and safety standards are validated and included in the store. This democratic method supports the maintenance of a trusted and transparent ecosystem.
: These are tiered subscription levels within the Magic Store ecosystem. They range from Basic, which is freely accessible without the need to lock in any $SQR tokens, to Plus, Premium, and Premium Plus tiers, which require locking in 500, 2000, and 5000 $SQR tokens. Users enjoy a variety of escalating rewards including daily SQRp rewards from a pool of 1,000 SQRp, increased Karma point multipliers, higher commission bonuses, priority access to Hot Offers, more significant allocations in launchpad events, and exclusive airdrop participations. While upgrading membership levels is instant, downgrading requires a 30-day waiting period, ensuring users retain full ownership of their locked $SQR tokens throughout their membership.
: Is an integrated feature within the Magic Store that allows users to seamlessly swap cryptocurrencies using the 1inch Swap API. This integration ensures users get the best possible swap rates by comparing rates across multiple liquidity sources. Supporting ERC20 and BEP20 tokens on networks like Ethereum, Binance Smart Chain, Polygon, and others, Magic Swap offers a user-friendly experience. Additionally, users earn for each swap, enhancing the overall experience and incentivizing engagement.
: Magic Board is a special feature in the Magic Store that allows users to complete tasks and earn rewards. Tasks span various categories like social media, content creation, participating in airdrops, and more. Each task requires a Proof-of-Work submission, which is reviewed by the respective project. To participate, users select a task, read the instructions, and submit their Proof-of-Work. Reviews take up to three business days. Approved submissions earn rewards such as Magic Karma points, $SQR, and SQRp, which can be tracked in the Karma & Rewards Dashboard.
: Is a cutting-edge platform designed to facilitate fair, transparent, and accessible token sales through its innovative structure featuring Initial DEX Offerings (IDOs) and Early Access Token Sales (EATS). It supports diverse participation with FCFS (First-Come, First-Served) and Pro-Rata rounds, offering equitable opportunities for all users. Investors can benefit from features like SQRp Points for access, Turbo Charge for amplified allocations, and an OTC marketplace for flexible trading before TGEs. With a streamlined registration and KYC process, Magic Launchpad ensures user-friendly participation while empowering projects to adapt to market dynamics and deliver value to their communities.
: Is a decentralized governance platform within the Magic Square ecosystem, enabling SQR token holders to shape the project's direction through active participation and transparent decision-making. Guided by values like community empowerment, transparency, and action-oriented leadership, Magic DAO ensures that every member's voice is proportionally represented based on their SQR holdings and staking commitment. Participants can engage by voting on team proposals or submitting community-driven ideas through structured processes on the Snapshot platform. With a clear voting power system and mechanisms to implement approved initiatives, Magic DAO fosters collaboration and accountability, driving meaningful progress aligned with the collective vision of its community.
: Allows users to stake their $SQR tokens, enabling them to earn potential passive income through APR rewards while gaining exclusive benefits like SQRp Points, which are essential for accessing Magic Launchpad Sales. By staking $SQR, users contribute to the ecosystem’s growth and unlock advantages based on their staking amount and duration. The process is simple, involving wallet connection, staking selection, and transaction approval, with a transparent system for monitoring staking history and claiming rewards. While staking offers opportunities for financial growth and ecosystem engagement, users should be aware of inherent DeFi risks and ensure compliance with the platform’s terms and regional restrictions.
: Magic Raffles offer an exciting way to win rewards while contributing to the SQR ecosystem. With multiple raffles running daily, each entry guarantees fairness through Chainlink VRF technology. Participants can purchase tickets using USDT or SQR, with USDT payments automatically converted into SQR to support the prize pool. A portion of each transaction also contributes to SQR buy-backs and burns, strengthening the token economy. Winners are selected transparently, and prizes are distributed instantly to their wallets. Plus, for every 10 tickets purchased, participants receive a bonus ticket—boosting their chances to win at no extra cost.
