Magic Square, a web3 app that allows users to earn rewards through NFTs, DeFi, GameFi and more, recently introduced its latest venture: Magic Launchpad.
With significant support from industry titans like Crypto.com and Binance Labs, the launch pad, an Initial DEX Offer (IDO) platform, is poised to become a critical growth engine in the blockchain sector.
It supports emerging Web3 companies with a reward pool of $200,000 in $STORM tokens, a guaranteed allocation of $1,000 and more. It is designed to accelerate fundraising, increase brand visibility, and increase user acquisition.
Source: X (Magic Square)The backbone of Magic Launchpad
Magic Launchpad operates as a versatile, multi-chain platform, fully integrated into the broader Magic Square ecosystem. It offers a wide range of IDO options including whitelist events and private financing rounds, designed to meet the different needs of investors.
Key features of Magic Launchpad include:
- Expansion mechanism: Users can stake $SQR tokens to earn SQRp points. These points then influence allocation size at project launches, integrating a rewards-based system that aligns with user participation.
- Road-to-IDO campaign: This initiative encourages users to participate in projects before their official launch, and offers token rewards for early interaction and support.
- Inaugural IDO – Storm Trade: The first IDO to launch on Magic Launchpad is Storm Trade, a perpetual DEX running on the TON blockchain. Backed by Ton Ventures, Storm Trade aims to attract users with its lucrative liquidity pools, social fi elements and an easy-to-use yet secure platform.
Each of these elements positions Magic Launchpad as a comprehensive solution that meets diverse investor preferences and improves user engagement and project visibility within the web3 ecosystem.
Want more? Connect with NFT Plazas
Sign up for the weekly newsletter
Join our Telegram
follow us on twitter
Like us on Facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational materials only. Individuals are required to fully research any product before making any form of investment.