We are happy to announce that BCAi has partnered up with Magic Square, the ultimate portal to the world of Web3, creating a comprehensive, accessible Web3 ecosystem for everyone!
Magic Square gives consumers access to a platform that assists in compiling trustworthy, thoroughly examined Web3 projects built on DAO. As part of the DAO model, the user community will be the one to assess applications for the project’s quality and keep malicious apps off Magic Square.
BCAi x Magic Square
As strategic partners of this project, we are excited about the solutions it offers. Magic Square functions as a marketing channel for projects, assisting with the most efficient and cost-effective manner to introduce applications and advertise goods to customers. BCAi is happy to be a partner of Magic Square!What is Magic Square?
Like the App Store and Google Play in the Web2 world, Magic Square (SQR) is a Web3 application discovery and management platform that aims to connect the user community to the project.By offering many product suites, Magic Square seeks to create a comprehensive ecosystem that will allow developers and users to explore various blockchain worlds. These worlds include:
- Magic Store
- MagicID
- Magic Community
- Magic Affiliates
Using a DAO procedure, the community evaluates, ranks, and prioritizes applications in Magic Store, a Web3 solution with transparent revenue data and SQR token payments to encourage Validator, Creator, and User engagement.
The Magic Community has to verify apps in order to guarantee the best ideal quality on the platform.
With MagicID (Decentralized ID), users will be able to access all community-moderated content with a single click.
Furthermore, projects can get extra traction from the store and partner network through the Magic Affiliates referral program. In other words, project owners only get paid when users meet their predetermined conversion goals.
Creating an account within the Magic Store
The video below shows how to create an account within the Magic Store and gives a good insight into the ‘look’ of this project:About the $SQR Token
The total supply of Magic Square’s $SQR token is 1,000,000,000.
Within the ecosystem, SQR can be utilized for a number of functions, such as governance, user access packages, app advertising, and awards for app referrals.
- Governance: To run the Magic Store in the true Web3.0 spirit, Magic Square has put in place an on-chain voting approach that uses Community Validators to decide which apps to highlight.
- Packages for Users: Users must stake SQR tokens in order to fully utilize the Magic Store. Users can choose from three different Staking Tiers, such as Base Package, Pro Package, and Influencer Package.
- Ad Space: Service providers and creators can use Ad Space to advertise their offerings if they have at least one approved service or listed dApp. To win Ad Space, creators place SQR token bids.
- Referrals: Creators have the ability to start campaigns encouraging members of the Magic Community to suggest others to use their dApp. The Creators will establish a pool of SQR tokens to be given out as referral incentives in order to do this.
Conclusion
Magic Square benefits users and app developers in the Magic Store. The project establishes an ideal environment for introducing prospective new Web3 projects to the community. Magic Square offers numerous attractive advantages in exchange for the potential for future development.Huge news was announced on April 11th: Magic Square got listed on Kucoin! This is just part of the all around great development of the project. Seeing the goal to establish a broad, publicly available Web3 environment for everyone, BCAi feels honored to be partnering with Magic Square. We are looking forward to further development!
