Magic (MAGIC)

by research goldshell   March 3, 2023   REPORT

   

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66 | A Gaming Infrastructure and Ecosystem Project on Arbitrum.
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MAGIC is the native token of the project. The current use cases for MAGIC include:

Native currency: MAGIC is the default currency on Trove Marketplace.

Staking: MAGIC holders receive staking rewards through the initial allocation of MAGIC and from protocol revenues like NFT Marketplace.

Governance: holders can stake MAGIC as collateral to propose and vote on grants.

Gameplay: MAGIC is used within the TreasureDAO ecosystem games, including Bridgeworld, Battlefly, Peek-a-Boo, Toadstoolz, etc.

The project consists of the following major components working in conjunction:

Bridgeworld: A GameFi social coordination strategy game built around the collection of resources (NFTs) to accumulate MAGIC.

Trove: the largest NFT marketplace on Arbitrum.

Magic Swap: An Auto Market Maker (AMM) for gaming tokens with MAGIC as the base pairs.

Third-party games: the ecosystem has popular games like The Beacon. TreasureDAO will be offering a Proof of Play system that aggregates gaming achievements and quests.

As of Dec 12th, 2022, the total token supply of MAGIC is 339,645,510. The current circulating supply is 177,181,782 (~52.17% of the total supply).

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