Magic Square Teams Up with 1inch to Launch $25,000 SQR Token Swap Contest
In Brief
Magic Square has teamed up with the 1inch Swap API to facilitate seamless self-custodial asset swaps and has kicked off a contest offering $25,000 in prizes for users engaged in SQR Token Swaps.
Web3 application marketplace Magic Square disclosed its advanced discovery and routing algorithm, which is now enhanced with 1inch the Swap API for facilitating self-custodial asset transactions. As part of this new integration, Magic Square is hosting a SQR Token Swap Competition with a total prize pool of $25,000 to encourage user participation and trading activities within the platform.
Magic Square is dedicated to overcoming challenges in user acquisition, enhancing engagement, and creating a rewarding ecosystem through its community-centric model. Currently, it boasts over 4.5 million registered users and features more than 1,300 apps and games.
Andrey Nayman, the visionary founder and CEO of Magic Square, shared his excitement about the new integration, stressing its importance for the platform. He believes that improving the user experience is paramount, and the integration of the 1inch Swap API broadens the range of services available and adds significant benefits for the community through additional rewards.
With this recent integration, Magic Square users can now access swapping functionalities provided by 1inch, covering 12 different blockchains and tapping into over 380 liquidity sources. This new feature is poised to enhance the overall efficiency for users interacting with Magic Square’s tools. application marketplace .
Magic Swap Contest Set to Award $25,000 and Share 10,000 SQR Tokens
The Magic Swap Contest is designed to reward users based on their total swap volume. The top performer will bag $2,500, while those in places two to five will earn $1,250, participants ranked sixth to twenty-fifth will receive $500 each, those in positions twenty-six to fiftieth will get $100, and prizes of $50 await the fifty-first to the one-hundredth participants.
As part of the contest, a total of 10,000 SQR tokens will be distributed among Magic Store users based on the Karma points they've earned. Magic Square Thanks to the innovative Magic Karma reward system, users can earn points by engaging in various activities, including inviting friends, joining campaigns, claiming special offers, and especially through their participation in Magic Swap transactions. Each swap contributes to the accumulation of Karma points, which encourages a more active participation in the community.
The competition, alongside Karma Rewards for Swaps, promises to enhance the utility of the Magic Store and its overall functioning. By offering additional Karma points for swaps to SQR, these initiatives may further drive demand for the token. SQR token Please be aware that the content on this page is informational and should not be seen as legal, tax, investment, or financial advice. It's vital to only invest amounts you can afford to lose and seek independent financial guidance if you have uncertainties. For more details, consider reviewing the terms, conditions, and support resources offered by the issuer or advertiser. MetaversePost strives for accuracy and impartiality in its reporting, but market circumstances can change rapidly.
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In line with the Trust Project guidelines Alisa, a passionate journalist at Cryptocurrencylistings, focuses on areas like cryptocurrency, zero-knowledge proofs, investments, and the broad Web3 space. With a strong eye for emerging trends and technologies, she provides thorough coverage to engage and inform readers in the dynamic world of digital finance.
