Public Sale Terms:
IDO Type: Non Refundable
Public Allocation: 600,000 USDT
Contribution in $USDT on Binance Smart Chain (BSC)
DAO Staker Allocation: 181,800 DAO (Peg: $1.10)
Contributions in $DAO on Binance Smart Chain (BSC)
Public Sale Price: $0.1 USD
Public Sale FDV: 100M USD
Listing: 11th of January 2024, 10 am UTC on Bybit
Token Distribution: 10% at TGE, followed by a 30-day cliff, and then vesting over a 9-month period.
Celebrate SQR listing with $70,000 Prize Pool
Token Metics:
Ticker: SQR
Blockhain Network: BNB
Token Supply: 1,000,000,000
Initial Market Cap: 2,500,000
Token Contract: https://bscscan.com/token/0x2B72867c32CF673F7b02d208B26889fEd353B1f8
Project Details
Magic Square is revolutionizing the Web3 ecosystem with its dynamic Discovery & Engagement Platform. It serves as an essential hub for users to explore and engage with community-approved apps and games. The platform is uniquely positioned to address critical challenges in the Web3 space by introducing reward mechanisms that benefit both users and developers.
Achievements and Key Metrics
- Top-Tier Investors: Highlight Magic Square's backing by industry heavyweights like Binance Labs, Republic Capital, Crypto.com Capital, Emurgo Ventures, KuCoin Labs, Gate.io Labs, HTX Ventures, GSR, Dao Maker, and other prominent investors.
- 3.5M+ unique wallets with over 1M new users in the last 90 days, and over 1000 apps and games listed on the store
- Over 95,000 Gitcoin Passport Holders with over 67,000 with a score of 18+
What we Solve
- Successfully Overcoming User Acquisition Challenges in Web3: Expertly linking projects with genuine, high-quality users. Boasting over 90 successful campaigns that have engaged more than 143,000 real users.
- Quality User Engagement: Fostering a platform where users actively find and engage with high-quality projects.
- Rewarding User Experience: Offering a rewarding journey for users, integrating incentives throughout their interaction with various projects.
- Community-Driven Validation: Ensuring project quality and credibility through a robust community validation system.
Core Features of the Magic Store
- Hot Offers: A feature that allows users to earn rewards by completing tasks associated with projects listed on the Magic Store. These rewards are given in the form of Binance Gift Cards, offering a gamified experience and promoting project visibility.
- Karma System: An on-chain reputation and reward mechanism. Users earn "Karma" for activities such as validation, reviews, and referrals. This internal currency incentivizes engagement and can be converted into $SQR rewards.
- Magic Boost: A Web3 Affiliate Network that drives traffic to listed projects through a network of affiliates. It facilitates user and developer engagement, enhancing project discovery and retention.
- MagicID: A Decentralized ID streamlining the Web3 Onboarding process. It supports both Web2 and Web3 login methods and includes instant wallet creation for new users (coming soon).
More features will be added as seen in our Roadmap
New Feature - Tier Membership Program
- Investment Retention: When users lock their $SQR tokens in our membership program, they're not spending but merely locking. This means that if they ever decide to downgrade, they will get their tokens back, preserving the value of their initial tokens.
- Earning Potential: Various bonuses and rewards that come with each tier. By locking in their tokens, they can earn daily rewards, enjoy increased APR on fixed memberships, and receive bonuses on commission structures.
- Exclusive Access: Higher tiers grant priority on hot offers and increased allocations in USDT for launchpad projects.
- Additional Perks: Additional perks that come with each tier, such as weekly raffle tickets and participation in airdrop campaigns. These benefits provide further value beyond the locked tokens.
- Flexibility: Users can choose a membership level that aligns with their comfort and investment strategy, and they can upgrade or downgrade as they see fit.
The membership program will have a phased launch, with not all features being available at the Token Generation Event (TGE). The initial tier, Plus, will be entirely free and won't require any lock-in for the first three months following the TGE.
SQR Token Utilities (some, not all):
- Premium Memberships: Users can access exclusive Magic Store features by locking in SQR tokens.
- Exclusive Raffles: Users can participate in Weekly raffles, such as this, just by holding SQR tokens.
- User Acquisition Campaigns: Developers use SQR tokens as incentives in campaigns to boost user growth.
- Advertising: SQR tokens allow developers to bid for targeted advertising, amplifying their product reach.
Benefits of SQR Token Holders
- Engagement and Rewards: Users benefit from a rewarding experience on the platform by earning $SQR through various activities such as completing tasks, engaging with projects, and participating in the community-driven validation system.
- Membership Advantages: $SQR token holders can lock their tokens to access tiered memberships, which offer higher earnings potential, exclusive access to new project allocations, and other perks like weekly raffles and airdrop campaigns.
- Weekly Raffle Opportunity: By holding $SQR tokens users have the opportunity to win big in our Weekly Raffle. In the first raffle, 10 lucky $SQR token holders can win 5,000 $SQR each, adding up to a 50,000 $SQR prize pool. The more $SQR tokens a user holds, the better their chances of winning—starting with as few as 10 $SQR tokens for raffle entry.
- Investor Confidence: The backing by top-tier investors and a growing user base of over 3.5 million wallets demonstrates strong market confidence and a robust user community.
- Strategic Tokenomics: The thoughtful token distribution with long-term vesting periods for the team and advisors, and a structured release schedule indicate a commitment to sustainable project growth, which can enhance token stability and value.
- Limited Supply: A fixed total supply of 1 billion tokens creates scarcity, which, coupled with increased demand, has the potential to drive up the token's value over time.
- Initial Listing Price and Market Cap: The $SQR token will be listed at $0.1, with an initial market cap of $2.5 million. Our tokenomics are meticulously crafted to avoid flooding the market with an excess supply of tokens at launch, which often leads to price dumps. Instead, our focus is on fostering long-term demand and gradual price growth.
Tokenomics Breakdown
https://docs.magic.store/sqr-token/sqr-token-not-launched-yet/tokenomics
- Team and Advisors Allocation: The team and advisors have been allocated 20% and 5% of the total tokens, respectively. These tokens are subject to a lockup period of 12 months and a vesting period of 30 months. This long-term vesting suggests that the team and advisors are incentivized to focus on the long-term success of the project.
- Private and Public Sales: There are several rounds of funding before the public sale, each with its own pricing and vesting schedule. The incremental increase in token price from private rounds to public sale can indicate a structured approach to raise funds while potentially increasing the value of the token over time.
- Vesting Periods: Many categories have vesting periods, which means that tokens will be released gradually. This can prevent the market from being flooded with tokens all at once, which might otherwise lead to a rapid decrease in token price due to oversupply.
- Ecosystem Grants, Community Rewards, and Market Maker: Allocating tokens for ecosystem grants, community rewards, and market making (12%, 11%, and 3%, respectively) shows a commitment to building a robust ecosystem, engaging the community, and ensuring liquidity. These are crucial for the long-term viability and price stability of the token.
- Liquidity and Listing: With 7% allocated for liquidity and listing, of which 50% is unlocked and the rest vested after 1 month, it seems the project intends to ensure that there is enough liquidity once the token is listed. This can help in reducing price volatility upon listing.
- Reserves: A significant portion, 21%, is kept in reserves with a vesting period of 36 months. This reserve can act as a buffer or be used to stabilize the token price in times of market fluctuation.
- Total Fixed Supply: The total supply of 1 billion tokens is fixed, which means no additional tokens can be created. A fixed supply can contribute to scarcity, potentially driving up the price if the demand for the tokens increases.
$SQR Token Launch on ByBit
- 90,000$ Token Splash Event: January 10th, 10am UTC, Registration Starts January 5th 10am UTC
- Listing Date & Time: January 11th, 10am UTC
- Listing Price: $0.1 per $SQR token