Magic

What is Magic (MAGIC)?

Magic is the native cryptocurrency of the Treasure ecosystem, a decentralized metaverse and gaming platform built on the Arbitrum blockchain, an Ethereum Layer 2 solution. It serves as the primary currency within this ecosystem, facilitating transactions, staking, and governance. Treasure aims to create a decentralized gaming world where in-game assets are tokenized as NFTs, offering players ownership and utility beyond traditional gaming experiences.

What Problem Does Magic (MAGIC) Solve?

Magic addresses:

• Interoperability: Enables integration and interaction across different games and applications within the Treasure metaverse.
• Decentralized Economy: Powers a decentralized gaming economy where players can own, trade, and earn in-game assets represented as NFTs.
• Governance: Empowers the community to participate in decision-making processes regarding the development and direction of the Treasure platform.

Why Does the Crypto Market Need Magic (MAGIC)?

Magic benefits the crypto market by:

• Supporting Decentralized Gaming: It underpins a decentralized metaverse, giving real value and utility to in-game assets.
• Promoting NFT Integration: Integrates NFTs within the gaming ecosystem, providing players with genuine ownership of digital assets that can be traded or used across different games.
• Empowering Governance: Enables decentralized governance, allowing the community to influence the platform’s development.

History & Achievements

Magic was launched as part of the Treasure project and quickly gained attention within decentralized gaming and NFT communities. The project has achieved significant milestones, including partnerships, integrations, and the launch of multiple games and projects within the Treasure ecosystem.

Who Created Magic (MAGIC)?

Magic was developed by the team behind the Treasure project, consisting of experienced developers, designers, and blockchain experts focused on creating a decentralized metaverse on Arbitrum.

What Technology Powers Magic (MAGIC) and How Does it Work?

Magic uses:

• Arbitrum: A Layer 2 scaling solution for Ethereum, enabling faster and cheaper transactions.
• Smart Contracts: Manages transactions, staking, and governance within the ecosystem.
• NFT Integration: Supports the creation, trading, and ownership of NFTs within the Treasure metaverse, providing a decentralized and secure gaming environment.

What Impacts Magic (MAGIC) Value?

Factors influencing MAGIC price include:

• Market Sentiment: General trends in the crypto market, especially in gaming and NFTs.
• Platform Adoption: Growth in user numbers and active engagement within the Treasure ecosystem.
• NFT Market Trends: The demand for NFTs and their integration into gaming can significantly impact MAGIC's value.
• Regulatory Changes: Changes in cryptocurrency regulations could affect the price and adoption of MAGIC.

How Many Magic (MAGIC) Tokens Are There in Circulation?

There are approximately 265,340,850 MAGIC tokens in circulation out of a total supply of 339,645,510 tokens.

What Is The Maximum Supply of Magic (MAGIC)?

The maximum supply of MAGIC tokens is capped at 347,714,007.

What is Magic (MAGIC) Utility?

MAGIC tokens are used for:

• Transactions: Facilitating trades, purchases, and other transactions within the Treasure ecosystem.
• Staking: Users can stake MAGIC to earn rewards and support the platform’s security.
• Governance: MAGIC holders can participate in decision-making processes, voting on proposals that impact the future of the Treasure ecosystem.

Magic Tokenomics

Magic’s tokenomics include:

• Staking and Rewards: Incentives for MAGIC holders who stake their tokens to earn rewards and contribute to network security.
• Governance: MAGIC tokens enable users to participate in governance, influencing the platform’s development and direction.
• Supply Cap: The total supply of MAGIC is capped at 347,714,007 tokens, creating scarcity and supporting the value of the token.

What is the All-Time High and All-Time Low for Magic (MAGIC)?

• All-Time High: $6.32 on February 19, 2022
• All-Time Low: $0.01999 on October 7, 2021

Where to Buy Magic (MAGIC)?

MAGIC tokens can be purchased on major cryptocurrency exchanges, including:

• Binance
• Uniswap
• SushiSwap

Who Invested in Magic (MAGIC) Early?

Magic has attracted interest from various investors and community members within the decentralized gaming and NFT spaces. While specific early-stage investors are not publicly detailed, the project has built a strong following within the blockchain community.

What Are the Revenue Streams of Magic (MAGIC)?

Magic’s revenue streams include:

• Transaction Fees: Collected from transactions and trading within the Treasure ecosystem.
• Staking Rewards: Distributed to users who stake their MAGIC tokens.
• Marketplace Transactions: Fees generated from trading NFTs and in-game assets within the platform.