MAGIC

What is MAGIC?

MAGIC is a native token for Treasure Metaverse. Treasure is a decentralized gaming console built on Arbitrum. It connects games and communities through intellectual property and infrastructure, managed from the bottom up.

Treasure aims to solve one of the main problems of the current game to earn (P2E) Blockchain games are unstable. In most cases, P2E games are designed in such a way that the developers and the users’ games are separated from each other. In this model, users tend to abandon a project and move on to the next one as soon as the profitability is exhausted. Treasure solves this problem by creating gaming and NFT ecosystem united by the MAGIC token.

Treasures are non-fungible tokens (NFTs). which can produce new resources such as mini-factories. These items require placing a sufficient number of MAGIC tokens. Treasures can also produce the tools needed to extract more MAGIC. The entire process is designed to make the mining process more difficult.

One of the key features of this token is that it is intended for increasingly scarce. This ensures that demand for the token remains high, thereby protecting the price of MAGIC from deterioration.

Most traditional liquidity projects achieve immediate success but lack long-term effectiveness. On the other hand, the Treasure project is primarily aimed at improve current incentives for LPs and create long-term economic assets.

Treasure is creating an ecosystem that other gaming projects want to join. Projects within the ecosystem receive 50% of MAGIC emissions within the first two weeks of launch. They sell their NFTs exclusively through DAO Treasure Market. A portion of sales, 2.5%, goes to the DAO. In addition, partner projects accumulate MAGIC as part of their gaming mechanism.

MAGIC cryptocurrency is placed in staking positions or LPs for an indefinite period., leaving fewer tokens in circulation. The token then gains a loyal community and established use cases. It forms the basis on which new types of derivatives and financial products can be built.

In addition, its own asset, the MAGIC coin, uses a unique PoW mechanism for issuing new tokens. Users are obliged stake on network assets such as Legion, Treasures and MAGIC tokens. to earn new mining items. The cost of farming is equal to the price of the initial assets (mining equipment) and the time required to complete the actions.

The main goal of the project is to create an economy in which the rarest assets are earned through labor, just like in the PoW economy. This approach is more sustainable because it provides a slow but continuous increase in liquidity. Some of the features that attract and retain users to the project are higher returns and lower fees.

Options for using MAGIC tokens

The MAGIC token is a utility token that unifies the Treasure ecosystem. This facilitates transactions within the ecosystem. Users can purchase various in-game assets using the MAGIC coin. The asset also facilitates reward system in the treasure ecosystem.

In addition, the MAGIC cryptocurrency is governance token. The token gives holders governance powers. They can influence the future of the project by giving holders the ability to vote on various network proposals.

In addition, MAGIC token holders can stake your assets in exchange for reward.

Moreover, MAGIC acts as reserve asset throughout the Treasure ecosystem due to its high liquidity.

Finally, the token powers the NFTturning them into productive, income-generating assets.

If you are planning to buy MAGIC crypto assets, keep in mind that MAGIC’s price is volatile, just like any other cryptocurrency. So do your research before investing in a token. You can use the MAGIC price chart above.

Who founded the treasure?

Treasure was founded by three co-founders with Twitter accounts @jpatten__ (John), @yyyy (Utah) and @gaarping. The Treasure document lists team members and community members. However, you can only find the link on their Twitter page. There is little information about their other experiences.

Tokenomics MAGIC

MAGIC is mined through treasure bet. Users score points for each treasure at stake. The project pays off 22,222 MAGIC dailywhich is divided among investors in the ratio of their total points to the total points of all bettors.

The token has a fixed supply mechanism that hedges against inflation, protecting the price of MAGIC. The token is designed with maximum stock 347 714 007 MAGIC.

Similar to BTC, MAGIC is subject to annual events in half. All reserves are designed for production within 10 years. The token will be distributed in the following ratios:

• Treasure Farm – 33%
• Mining – 25%
• Staking/liquidity – 17%
• Ecosystem Fund – 15%
• Team – 10%

Users can earn MAGIC cryptocurrency by mining, playing and participating in Bridge World.