Magic ($MAGIC) is a utility token that serves as an essential resource within the Treasure ecosystem—a decentralized gaming and NFT platform built on Arbitrum, focused on metaverse projects. It is used for gameplay, governance, transactions on the Treasure marketplace, staking, and as a reserve currency for interconnected metaverses. The platform is designed to allow communities to bootstrap new decentralized metaverses, supported by its DAO (Decentralized Autonomous Organization). Magic tokens are earned through participation in games and activities within Bridgeworld, a central location in the Treasure metaverse.
The Treasure ecosystem envisions tokens and NFTs as productive, yield-bearing assets with a scarcity model that increases as the complexity of the economy grows. The tokenomics of MAGIC includes a declining emission rate similar to Bitcoin's halving but occurring annually, aiming for a total supply of 347,714,007 MAGIC tokens.
John Patten and Gaarp co-founded the MAGIC ecosystem, where MAGIC is not only a medium for marketplace trades but also for staking and liquidity pools, contributing to its reduced circulation. The ecosystem's mining mechanism and asset economy prioritize long-term community growth over instant liquidity, with a focus on rarity and value derived from labor-intensive processes. This model encourages users to become loyal participants, fostering a robust community and establishing use cases for the token. Magic’s design incentivizes users to lock their tokens for longer periods, which aids in bootstrapping liquidity and demonstrates their commitment to the protocol's future.
How To Buy Magic or Add it to your Strategy
The fastest, most convenient way to purchase Magic is to purchase it on ICONOMI. We check Magic live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Magic by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Magic is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Magic, we recommend you read the next section, as copying might be a better approach.
Add Magic to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Magic in their structure.