Magic Square Unveils an Engage-To-Earn Program Featuring a Prize Pool of $750,000.
Road Town, BVI, February 12th, 2024, Chainwire
Magic Square has launched a fresh rewards program, offering 1.5 million $SQR tokens, which translates to over $750,000. This program kicks off today, February 12.
The campaign will be managed by the community platform Zealy, which will ensure all participants have a smooth and seamless experience. To take part and be eligible for rewards, users must sign up as Magic Store Members and actively engage with the platform. Beyond the overall Campaign Prize Pool, there's also a daily distribution of $10,000 in $SQR tokens, depending on the Karma points they accumulate that day compared to other users.
The prize pool of 1.5 million $SQR tokens will be distributed according to a points system, which directly reflects each participant’s level of participation. This structure ensures that rewards are distributed fairly and transparently. Furthermore, a robust anti-bot system has been implemented to guarantee that only real users benefit.
According to Andrey Nayman, Co-Founder and CEO of Magic Square, 'Launching this initiative is about more than just rewarding our community; it's about raising the bar for engagement and investment within the web3 ecosystem. We crafted this campaign not only to reward our dedicated members but also to strategically uplift the value for our token holders.'
'By boosting membership and restricting token circulation, we are directly affecting the supply-demand balance, which we anticipate will have a positive effect on the $SQR token. This initiative is testament to our dedication to innovation, community expansion, and the lasting success of Magic Square and everyone involved.'
The Magic Square rewards initiative is designed to cultivate engaged communities who are motivated to unite towards common objectives. Participants will need to be active on the Magic Store Web3 App Store, interact with various listed projects, and contribute meaningfully. To participate in this campaign, users must acquire either a Premium or Premium Plus Membership, necessitating the locking of 200 or 500 $SQR tokens respectively. These tokens can later be unlocked, reverting the user to Free Member status. Members with Premium and Premium Plus statuses will be able to accrue more campaign points daily.
Aimed at making web3 approachable for the broader audience, the Magic Square, which is backed by Binance Labs, serves as an entry point into a myriad of games and applications. The $SQR token is integral to rewarding user engagement, thereby strengthening the Magic Square ecosystem and the diverse array of web3 applications it presents.
This $750,000 campaign showcases Magic Square's innovative strategy towards community involvement and reward systems, setting new standards in the field.
Stay tuned for more thrilling updates from Magic Square that will be unveiled this week.
About Magic Square
Magic Square acts as a gateway to web3, offering a comprehensive platform for users to engage and earn rewards through DeFi, NFTs, GameFi, and much more. Supported by Binance Labs and other top investors, Magic Square endeavors to revolutionize how individuals interact with decentralized applications and discover the finest of web3.
Learn more: https://magic.store/
Contact
Anastasia Razin
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