🪙SQR Token
User Benefits:
Magic Memberships: They offer $SQR token holders subscription levels within the Magic Store, enabling access to a variety of benefits tailored to different needs and preferences. Starting with a free Basic tier and escalating through Plus, Premium, and Premium Plus tiers by locking in 50, 200, and 500 $SQR tokens respectively, members can enjoy rewards including daily SQRp points from a 1,000 SQRp pool, enhanced Karma point multipliers, increased commission bonuses, priority access to Hot Offers, better allocations in launchpad events, and exclusive airdrop participations. This system provides a structured way for $SQR token holders to maximize their engagement and rewards within the platform. (Launchpad allocations, Weekly Raffle tickets, and Airdrop Campaigns are yet to be released.)
Magic Karma: Users can earn Magic Karma on the Magic Store through various tasks, which is then converted into SQR daily and added to their balance. However, only Membership users can claim their rewards. The amount of SQR received is based on the user's earned Karma compared to others on the Leaderboard, with different actions yielding varying Karma points. Key actions include:
Validation tasks - Participate in weekly store tasks for 25 Karma points per vote.
Hot Offers - Claim campaign offers for 1,000 Karma points each. Sharing these with friends earns an additional 25 points per claim.
Refer a Friend - Invite a friend who registers, earns over 500 Karma points, and completes Proof-of-Humanity Verification to receive 250 Karma points.
Be active - Simply log into the store daily to earn 5 Karma points.
For a comprehensive list of actions and their Karma Rewards, check here.
Airdrops and Campaigns - Magic Square organizes campaigns for users such as the Road to TGE campaign and Engage-to-Earn campaign, where users get SQR tokens from the dedicated rewards pool.
Hot Offers: As a $SQR token holder, access to Hot Offers in the Magic Store offers a spectrum of exclusive deals and promotions across all membership levels, from Basic to Premium Plus. These unique offers from high-end projects enhance member engagement with attractive discounts and content. Higher tiers such as Plus, Premium, and Premium Plus not only get priority access but also benefit from increased Karma Multipliers when completing offers—25% for Plus, 50% for Premium, and 100% for Premium Plus members on top of the base 1,000 Karma points. This structured priority and bonus system not only enriches the experience for token holders by providing valuable deals but also amplifies project visibility and user interaction within the community, making it a win-win for all involved.
Developer Benefits:
The main benefit for developers is using SQR as the payment token for rewards in Hot Offer Campaigns. The Magic Square Community is eager to receive SQR tokens for several reasons already mentioned above. This leads to more users wanting to claim Hot Offers created by developers, bringing them more users to their platform.
Project Developers who decide to do a campaign on the Magic Store Hot Offers section receive a bonus from the Ecosystem Grants depending on the chosen package.
BNB Chain
Magic Square is built on the BNB Chain. The official contract address of the $SQR token: https://bscscan.com/address/0x2B72867c32CF673F7b02d208B26889fEd353B1f8
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