Magic Square—a web3 app that enables users to earn rewards through NFTs, DeFi, GameFi, and more—recently introduced its latest endeavor: Magic Launchpad.
The Magic Launchpad is an Initial DEX Offering (IDO) platform with a strong community of over 4.5 million members and substantial financial backing. It supports emerging web3 companies by providing a reward pool of $200,000 in $STORM tokens along with $1,000 in guaranteed allocation.
Designed to accelerate fundraising efforts, enhance brand visibility, and increase user acquisition, the Magic Launchpad is poised to become a crucial growth engine within the blockchain sector.
Source: X (Magic Square)The Backbone of Magic Launchpad
Magic Launchpad operates as a versatile multi-chain platform fully integrated into the broader Magic Square ecosystem. It offers a diverse array of IDO options, including whitelist events and private funding rounds, designed to cater to various investor needs.
Key features of Magic Launchpad include:
- Staking Mechanism: Users can stake $SQR tokens to earn SQRp points. These points then influence their allocation sizes in project launches, integrating a rewards-based system that aligns with user participation.
- Road-to-IDO Campaign: This initiative encourages users to engage with projects before their official launch, offering token rewards for early interaction and support.
- Inaugural IDO—Storm Trade: The first IDO to launch on Magic Launchpad is Storm Trade, a perpetual DEX operating on the TON blockchain. Backed by Ton Ventures, Storm Trade aims to attract users with its lucrative liquidity pools, social-fi elements, and user-friendly yet secure platform.
Each of these elements positions Magic Launchpad as a comprehensive solution that meets diverse investor preferences and enhances user engagement and project visibility within the web3 ecosystem.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
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