âĄKey Features
Last updated
Last updated
SQRp Points are a part of the Magic Square ecosystem, providing exclusive access to participate in Initial DEX Offerings (IDOs) and Early Access Token Sales (EATS) on the Magic Launchpad. These points are a condition for participation, requiring a contribution or burn of SQRp points equivalent to the amount of USDT being invested.
Users can earn SQRp Points through several methods within the Magic Square ecosystem:
SQR Staking: Staking SQR tokens accumulates SQRp Points. Different staking pools are available, including those with no APY but providing SQRp allocations. SQRp Points are awarded immediately after staking SQR.
Magic Store Membership: Maintaining an active membership in the Magic Store provides a guaranteed monthly allocation of SQRp Points.
Collecting Karma Points: Karma points are earned daily by engaging in activities on the Magic Store. These Karma points contribute to the share of daily pool rewards, which are distributed as SQRp Points.
The Turbo Charge feature on Magic Launchpad is a strategic tool designed to enhance user participation and investment potential in token sales. As the only platform offering both FCFS (First-Come-First-Serve) and Pro-Rata pools, Magic Launchpad provides a comprehensive suite of options, allowing investors to choose the method that best suits their needs.
In Pro-Rata Pools, participants deposit USDT and receive a proportional allocation of tokens based on the size of their deposit relative to the total deposits made by all participants. In cases where the total deposit exceeds the available token supply, any unallocated USDT is typically refunded. However, with the Turbo Charge feature, buying power can be amplified by 500%, resulting in a fivefold increase in token allocation. The amplified buying power cannot exceed the original deposit amount. Instead of receiving a refund in USDT for unallocated funds, participants receive the equivalent value in $SQR, the native token of the Magic Square ecosystem.
Substantially Increased Allocation: The Turbo Charge feature significantly enhances the potential allocation of tokens, providing a considerable advantage to users who opt for this feature during token sales.
Strengthened $SQR Utility: By choosing Turbo Charge, investors not only increase their stake in the sale but also contribute to the utility and demand of $SQR, reinforcing its role within the Magic Launchpad ecosystem.
