ðIntroduction to the Magic Square
General information about the Magic Square Ecosystem
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 Magic Square Ecosystem consists of:
Magic Store: 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.
Hot Offers: 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.
Magic Karma - Get Rewarded for Every Action: 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.
$SQR Token: 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.
Project Voting and Validation: 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.
Magic Boost: A Web3 affiliate network within Magic Square, allowing you to earn commissions by promoting apps and games from the Magic Store. This program benefits both developers, by increasing app visibility, and users, by offering them a way to earn through referrals, enhancing the traditional affiliate marketing model with the innovative features of Web3 technology.
Magic Memberships: 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 50, 200, and 500 $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.
Magic Swap: 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 Karma Points for each swap, enhancing the overall experience and incentivizing engagement.
Magic Board: 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.
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