✨Magic Drops
Introducing MagicDrops (What is a Launchdrop?)
A Launchdrop is an exclusive token distribution event where early community supporters receive free tokens for their participation and engagement—no payment required!
On Magic Square, these events are known as MagicDrops, a reward system designed to give back to active Magic Square users and SQR stakers. Instead of paying USDT for tokens, users claim them using SQRp Points!
How MagicDrops Work?
✅ Earn SQRp Points
Users who stake SQR earn SQRp Points. The more SQR they stake—and the longer they stake it—the more SQRp they accumulate. Additionally, being active on the Magic Store earns users daily SQRp, rewarding engagement. Learn more about Karma Points and how they boost SQRp earnings here.
✅ SQRp Points in Token Sales vs. MagicDrops
Token Sales: 1 SQRp Point = $1 worth of tokens
MagicDrops: 10 SQRp Points = $1 worth of tokens
✅ Where to Participate
MagicDrops take place on the Magic Launchpad. All upcoming drops will be listed on the campaigns page, so users can easily track and participate in the latest opportunities.
✅ Membership-Based Limits
The number of tokens a user can claim depends on their Magic Store membership tier. Higher-tier members can claim more tokens in each drop. These limits may vary per campaign based on the reward pool size.
📰 MagicDrops are the easiest way for SQR stakers to claim free tokens from projects!
Steps to Claim Rewards:
✅ Step 1: Stake $SQR and earn SQRp Points → Start staking.
✅ Step 2 (Optional): Upgrade your Magic Store membership to increase your claim limit → Upgrade here.
✅ Step 3: Use SQRp Points to claim Free tokens – no payment required!
✅ Step 4: Claim your rewards on the specified date directly from the project's platform.
✅ Step 5: Vesting – Rewards will unlock gradually over a set period starting from TGE.
✅ Step 6: Enjoy your tokens and become part of the project's ecosystem!
🔥 Don’t miss out – first come, first served! Claim your free tokens before the pool runs dry!
When a user participates, the required SQRp balance is deducted upfront. After the final allocation is determined, any unused SQRp is refunded.
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