Magic (MAGIC)
.
66 | A Gaming Infrastructure and Ecosystem Project on Arbitrum.
.
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).
Appendix
If you would like Goldshell Research to consider your project, please send a summary of your project along with a pitch deck and/or whitepaper to research@goldshell.com