SQR Token
Last updated
Last updated
Membership - Users may select a desired Magic Membership level by locking in the necessary amount of SQR tokens. The complete ownership of the locked SQR tokens remains while enjoying all the benefits of the chosen tier. These tokens can be unlocked after a minimum period of 30 days. Upgrading the membership level is instant, but downgrading involves a 30-day waiting period from the time of the request until the SQR tokens are returned to the account balance. The advantages users receive as a premium member are various, including Karma, Hot Offers, and daily SQR bonuses, higher earnings on Magic Boost, priority on Hot Offers, access to Airdrops, unallocated rewards and more weekly raffle tickets.
Marketing - The marketing model of Magic Square is essential to achieving long-term success. Magic Square's team recognizes the importance of providing ample opportunities for developers and service providers to showcase their offerings. Magic Square currently offers Magic Boost and Hot Offers as promotional channels, and its team is continuously expanding the marketing opportunities available to developers.
Magic Boost, Hot Offers and other upcoming campaigns are paid in SQR tokens. In order to meet the unique needs of each developer and service provider, a comprehensive and diverse range of marketing options is provided. In this way, Magic Square can provide the necessary tools for participants to succeed, and foster a thriving innovation and growth ecosystem. In its marketing model, Magic Square demonstrates its commitment to empowering developers and service providers as well as creating a dynamic platform.
Magic Square’s marketing model is one of its Key Drivers. We are proud to reveal an Innovative Token-Based RTB (Real-Time Bidding) Program. Developers and service providers who have at least one listed App or approved service can promote their services through a wide number of categories and banners with Ad Space. Developers can win Ad Space by bidding SQR tokens based on SBO (Second Best Offer) mechanics. SQR tokens of the winning bid will be locked for 12 months before there are transferred to the treasury.
Reputation - Karma serves as a measure of a user’s reputation and reliability within the Magic Store ecosystem. It acts as an indicator of the user's commitment and contribution to the platform. A higher Karma score indicates a user’s active and positive involvement. This enhances trust among users within the community, as a higher score reflects a history of constructive behavior. Accumulated Karma points can be converted into SQR tokens.
Developers Grants - Developers will be able to receive grant funds to attract new users after the voting done by the DAO members. Please add information about this program so that the project can use these funds for marketing.
The official contract address of $SQR token:
Magic Store is built on BNB Chain.
Advantages of building on the BNB Chain:
Compatibility and composability - The BNB Smart Chain (BSC) supports EVM-compatible smart contracts, protocols, and tooling, making it easy for project teams from other blockchains to quickly and easily migrate their dApps to BSC.
Proof of Staked Authority: Faster Block Times, Lower Costs - BNB Chain employs the Proof of Staked Authority (PoSA) consensus mechanism, whereby a set number of nodes validate blocks and secure the network based on the amount of BNB Token they have staked on the Beacon Chain.
A Thriving Community - BSC has the largest, most talented and most passionate community of developers, entrepreneurs and users in the entire crypto industry.