⛽Gas Station

The Gas Station makes managing transactions on the Magic Store easier by handling fees without requiring you to hold BNB. Here's how it works:

How It Works?

• Transaction Prompt: When you claim SQR or USDT, a prompt will ask if you’d like to use the Gas Station.

• Enable for Future Use: You can choose to enable the Gas Station for all your future transactions during the prompt. If you’ve enabled the Gas Station for all transactions, you can disable it anytime through the MagicID Wallets section.

The feature currently supports claiming SQR and USDT from your MagicID. More functionalities will be added soon.

Approval Process

• Simple Check: The system verifies if you have at least $1 USDT in your MagicID balance before proceeding.

• Seamless Transaction: Once verified, your transaction will process without requiring BNB for fees.

Transaction Fee & History

• Fixed Fee: Each transaction costs $1 USDT, similar to fees charged on centralized exchanges.

• Future Discounts: Upgraded membership tiers will soon offer staggered pricing with discounts.

• Full Transparency: A detailed record of gas fees deducted for each transaction is available in your MagicID transaction history.

Revenue Sharing

• Transparent Allocation:

  • 50% of fees are used to cover company gas expenses.

  • 50% is allocated for SQR buybacks and burns, benefiting all token holders.

This feature makes the Magic Store more user-friendly and adds value to SQR holders by supporting the ecosystem.