- Blockchain: Ethereum
- Game(s): The Beacon
- Whitepaper:
$MAGIC is a cryptocurrency used in games that are built on the Treasure gaming ecosystem (e.g. The Beacon, Bitmates, Tales of Elleria). It serves as a medium of exchange for all NFT assets traded within the ecosystem, and is also used as a reward token in-game and as a DAO governance token, granting its holders voting rights in key areas. It is a fungible, Ethereum-based, ERC-20 token limited to a total original supply of 347,714,007.
The price of this token is subject to high volatility.
How are $MAGIC tokens allocated?
| Treasure Farm | 33% | Tokens distributed through Treasure farming operations. |
| Ecosystem Fund | 15% | Provision used to fund initiatives aimed at supporting and developing the ecosystem. |
| Team | 10% | Tokens distributed to team members. |
| Staking/Liquidity | 17% | Liquidity provision to exchanges and market makers. |
| Mining | 25% | Tokens distributed through mining operations. |
What are $MAGIC tokens used for?
- $MAGIC tokens are used as a medium of exchange for all trading taking place on the Treasure marketplace.
- $MAGIC tokens can be staked in the Harvesters in the Bridgeworld game.
- $MAGIC tokens are used for DAO governance and are required to vote on proposals and decisions that affect the ecosystem.
How to acquire $MAGIC tokens?
- $MAGIC tokens can be acquired through mining.
- $MAGIC tokens may be earned by selling NFT assets earned in game.
- $MAGIC tokens may be earned by staking $MAGIC tokens in designated liquidity pools.
- $MAGIC tokens may be purchased on a cryptocurrency exchange, and imported into the game through a player’s crypto wallet.
⚠ Disclaimer: The above information has been gathered from the coin's whitepaper and other official sources, such as social media channels. Some features may be planned but may never be implemented. Web3gamer doesn't recommend buying cryptocurrencies except for gaming purposes and within your usual gaming budget.