❓FAQs

Magic Launchpad: FAQs

FAQs for Magic Launchpad

Question: What are SQRp Points and how to earn them? Answer: SQRp Points are part of the Magic Square ecosystem and can be earned through staking SQR tokens, maintaining a Magic Store membership, or collecting Karma points. They are used to access certain pools and increase allocation in IDO sales. Learn more .

Question: How to participate in an IDO on Magic Launchpad? Answer: To participate, connect the wallet, complete KYC verification, and select a pool. Funds can then be deposited according to the pool’s conditions, and the allocation is received once the sale concludes. For a more detailed guide, visit this page.

Question: What is the difference between Pro-Rata Pools and FCFS Pools? Answer: Pro-Rata Pools allocate tokens based on the proportional amount deposited by participants, while FCFS (First-Come, First-Served) Pools allocate tokens on a first-come, first-served basis until the pool is filled. To learn more about each available pool click here.

Question: What are the benefits of holding a Magic Store membership? Answer: Holding a Magic Store membership grants access to exclusive pools, earns SQRp Points, and can offer additional benefits like discounts and priority access to certain sales. To learn more about Magic Membership click here.

Question: Is it possible to trade allocations before the Token Generation Event (TGE)? Answer: Yes, Magic Launchpad offers an OTC marketplace where allocations can be traded before the official TGE, providing liquidity and flexibility. These early trading opportunities are part of the Early Access Token Sales (EATS) campaigns, allowing investors to buy, sell, or trade tokens at an earlier stage. To learn how to trade allocations on the Magic Square OTC Marketplace, click here.

Question: What are Early Access Token Sales (EATS) and how do they differ from IDOs? Answer: EATS allows users to purchase tokens at a lower price before the official IDO, with the tokens being launched at a later stage. This provides an opportunity to invest early while enjoying potential benefits from market adaptation. What are EATS? Learn more here.

Question: What are IDOs? Answer: IDOs (Initial DEX Offerings) are a fundraising mechanism where new projects launch their tokens directly on decentralized exchanges, allowing early access to investors before the tokens are publicly traded. Participants in an IDO can purchase tokens at the initial offering price, often benefiting from early access to potentially valuable projects.

Question: What is the difference between IDOs and EATS? Answer: The main difference between IDOs and EATS lies in timing and pricing. In an IDO, tokens are typically listed on an exchange immediately after the sale, allowing for immediate trading. EATS (Early Access Token Sales) provide tokens at a lower price than the IDO but delay the Token Generation Event (TGE) and listing, giving projects more flexibility in market timing and development. EATS also offer early trading opportunities through the OTC marketplace before the official TGE.

Question: How Are SQRp Points Earnings Tracked? Answer: Accumulated SQRp Points can be tracked directly in the "My Account".

My Account - Magic Launchpad