Magic Square—a web3 app that enables users to earn rewards through NFTs, DeFi, GameFi, and more—recently introduced its latest endeavor: Magic Launchpad.
With significant backing from industry titans like Crypto.com and Binance Labs, this accelerator—an Initial DEX Offering (IDO)—is designed to boost fundraising, enhance brand visibility, and increase user acquisition by supporting emerging web3 companies.
Moreover, it presents blockchain-based startups with a generous $200,000 prize pool in $STORM tokens, along with a guaranteed allocation of $1,000, among other enticing rewards.
Source: X (Magic Square)The Backbone of Magic Launchpad
Key features of Magic Launchpad include:
- Staking Mechanism: Users can stake $SQR tokens to earn SQRp points, which determine their allocation sizes in project launches, creating a rewards system based on participation.
- Road-to-IDO Campaign: This encourages users to engage with projects before their official launch, offering token rewards for early interaction and support.
- Inaugural IDO—Storm Trade: The first IDO on Magic Launchpad is Storm Trade, a perpetual DEX on the TON blockchain. Supported by Ton Ventures, it features attractive liquidity pools, SocialFi elements, and a secure, user-friendly platform.
Each of these elements positions Magic Launchpad as a comprehensive solution that meets diverse investor preferences and enhances user engagement and project visibility within the web3 ecosystem.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
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