The web3 app store, Magic Square, supported by Binance Labs, is revolutionizing community engagement and investment in the web3 space through its Engage-To-Earn campaign. The campaign offers a substantial prize pool of $750,000 in $SQR tokens, with the aim of rewarding active members and increasing the value of the token for investors.
Magic Square’s Co-Founder and CEO, Andrey Nayman, highlights the strategic impact of the campaign on supply-demand dynamics, as it encourages membership and temporarily locks tokens out of circulation. To ensure fairness, a points-based system is in place, directly tied to participant involvement, and an advanced anti-bot solution is implemented to prevent fraudulent rewards.
To participate in the campaign, users must become Magic Store Members and actively engage with the platform. Premium and Premium Plus Memberships, which involve locking 200 and 500 $SQR tokens respectively, grant additional benefits and eligibility for daily campaign points. The $SQR token plays a crucial role in incentivizing user behavior and contributing to the growth and sustainability of the Magic Square ecosystem.
Magic Square aims to make web3 accessible to mainstream audiences, serving as a universal platform for engaging with decentralized finance (DeFi), non-fungible tokens (NFTs), and GameFi. The Engage-To-Earn campaign fosters highly motivated communities that actively collaborate and explore the diverse world of web3 applications. It demonstrates Magic Square’s commitment to innovation and community growth.
As a Binance Labs-backed platform, Magic Square continues to shape the future of web3 interactions, providing users with an immersive experience and showcasing the potential of decentralized applications. More announcements are expected in the coming week, signaling ongoing developments and advancements in the platform’s quest to transform the web3 landscape. Stay tuned for further updates on this dynamic initiative.
