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About Treasure
Key Points
- MAGIC is the utility token of the Treasure Metaverse, a decentralized NFT ecosystem on Arbitrum.
- MAGIC is a cross-game currency connecting games, players, metaverses, and communities within Web 3.0.
- Players can earn MAGIC tokens by gaming, mining, and participating in Bridgeworld and other games on the platform.
- Treasure was founded by John Patten, Gaarp, and Karel Vuong.
- MAGIC is operated by a decentralized autonomous organization (DAO) with 36 community contributors.
- MAGIC is the official currency of the Treasure ecosystem, designed to become increasingly scarce over time.
- The maximum supply
About Treasure: Unlocking the Secrets of the Digital Realm
Introducing Magic (MAGIC): A Revolutionary Cryptocurrency
MAGIC is the utility token that unifies gaming communities within the Treasure Metaverse, a decentralized NFT ecosystem built upon Arbitrum, a cutting-edge Layer 2 scaling solution for Ethereum.
MAGIC is a pioneering cross-game currency that seamlessly interconnects diverse games, players, metaverses, and communities, all within the realm of Web 3.0. Launched in September 2021, this innovative token enables its community to effortlessly buy and sell in-game NFTs on Treasure, while also serving as a reserve currency for Treasure’s immersive metaverse.
By engaging in gaming, mining, and participating in Bridgeworld, Treasure’s flagship game, players can accrue MAGIC tokens. Furthermore, Treasure’s platform now boasts a diverse portfolio of twelve games, several of which enable the utilization and generation of MAGIC tokens, akin to Bridgeworld. Notable examples include Beacon, a captivating free-to-play fantasy action rogue-lite RPG, and Realm, a world-building and exploration game that invites players to embark on a thrilling adventure.
The Visionaries Behind Magic: Meet the Founders
Treasure, the innovative platform powered by MAGIC, was founded by a triumvirate of visionary co-founders: John Patten, the strategic mastermind; Gaarp, the growth catalyst; and Karel Vuong, the operational virtuoso. While the team’s pre-Treasure experience remains somewhat shrouded in mystery, their collective expertise has undoubtedly contributed to the platform’s success.
Treasure and $MAGIC are governed by a decentralized autonomous organization (DAO), comprising 36 diverse community contributors, including seasoned developers, product managers, economists, innovative marketers, visionary artists, and passionate gamers, all united in their pursuit of excellence.
Unveiling the Uniqueness of Magic (MAGIC)
MAGIC serves as the official currency of the Treasure ecosystem, functioning as a unifying force that bridges disparate gaming communities across the metaverse. Its design ensures that it will become increasingly rare over time, as the ecosystem expands to accommodate a growing player base.
In Bridgeworld, Treasure’s flagship game, and across its diverse portfolio of twelve games, MAGIC tokens can be earned and utilized. Furthermore, these tokens can be staked in the Atlas Mine, thereby empowering users to contribute to the governance of the Treasure platform.
Treasure is a community-centric gaming endeavour, where smaller, tight-knit gaming communities form the backbone of its ecosystem. Each of these distinct communities is intricately “connected through a rich tapestry of lore, guilds, resources, and MAGIC.” These separate entities can seamlessly trade NFTs and collaborate, leveraging the power of MAGIC tokens. Moreover, more established communities can utilize MAGIC to nurture and develop fledgling projects, fostering a spirit of cooperation and growth.
Treasure seamlessly converges DeFi, NFTs, and gaming within its ecosystem, comprising three distinct components: MAGIC, a versatile, cross-game digital currency; Treasures, unique in-game NFT items; and Legions, the platform’s in-game NFT characters. By leveraging MAGIC tokens, users can transform Treasure NFTs into lucrative assets, while Legions facilitate the acquisition of Treasure NFTs and the mining of MAGIC tokens.
What Is the Circulating Supply of Magic (MAGIC) Coins?
$MAGIC is an ERC-20 token boasting a capped supply of 347,714,007 coins, distinguished by its deflationary nature. Furthermore, token holders are empowered to exercise their voting rights on governance matters within the Treasure ecosystem.
MAGIC was allocated at the following proportions:
Treasure Farm: Thirty-Three Percent
Extraction (Mining): A quarter (25%) of the total allocation.
Staking and Liquidity Provision: 17%
The Ecosystem Development Fund is allocated 15% of the total supply, dedicated to fostering a thriving ecosystem and driving innovation.
The Visionary Team and Dedicated Contributors: 10%
As of January 2023, the circulating supply of MAGIC stands at 211,674,541, which represents approximately 61% of the total supply of 347,714,007.
The Magic Network’s Unwavering Security: A Pillar of Trust
Treasure and MAGIC were erected upon Arbitrum, a layer-2 scaling solution that resides on the Ethereum blockchain. Consequently, MAGIC derives its security from Ethereum’s Layer-1 proof-of-stake (PoS) consensus mechanism, thereby ensuring a robust and reliable framework.
Acquiring Magic (MAGIC): A Comprehensive Guide to Exchanges and Marketplaces
As of January 2023, MAGIC has successfully secured listings on prominent cryptocurrency exchanges, including Binance, Coinbase Exchange, Uniswap (V2 and V3), SushiSwap, Gate.io, OKX, Huobi, Bybit, Bitget, MEXC, LBank, CoinEx, BitMart, BTCEX, and BitForex.
Stay up-to-date with real-time MAGIC price movements by downloading the CMC mobile app.
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