Have You Heard the MAGIC?

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6 Jan 2024

Hello BULBers,

Today I bring to you an exciting MAGIC news.
Its all about the Magic Square ($SQR) Airdrop happening this week.

GRAB YOUR SPOT NOW!

Program Overview

Magic Square's "Road-To-TGE" campaign is a focused initiative designed to fine-tune the Web3 App Store ecosystem and user interface over a four to six-week timeline. The campaign is focused on enriching the comprehension of Magic Square's ecosystem and its extensive features that contribute to the broader adoption and growth of Web3 technologies.
As a participant, you will be tasked with:

Deep diving into the Magic Square ecosystem to understand its comprehensive features that are instrumental for Web3’s expansion and user adoption.
Actively participating as a Validator for Magic Store, contributing to the quality assessment of newly introduced projects.
Engaging in various campaigns, activities and efforts to promote the store's projects while providing opportunities to earn additional rewards.
Providing constructive feedback on the Magic Square platform’s functionality to help optimize its offerings.
Becoming a proactive member of the Magic Square community by offering insights that aim to strengthen the overall ecosystem and enhance user experiences leading up to the public release and the Token Generation Event (“TGE”).

The platform is crafted to be intuitive and easily navigable, ensuring that even those new to Web3 can participate effectively without requiring prior extensive technical background.

Magic Square ‘Road to TGE’ Rewards Program

Participation Criteria: Subject to Eligibility section below
Participation Limit: Unlimited
Program Deadline: No deadline for participation; weekly rewards are available for those who are recognized as a “top performer of the week”. See Rewards section below for more information.
Allocated Rewards: 2,500,000 SQR representing 0.25% of the total token supply. All rewards will be distributed by Magic Square following the main-net launch and the TGE, with no vesting period or lock-up conditions.
Timeline: The campaign is expected to run approximately 4-6 weeks. The timeline is subject to change at the sole discretion of Magic Square.
Program FAQ: Rewards Program FAQ

Eligibility

There will be no limit to the number of participants; however, users must meet the following criteria to be eligible for rewards and participation:

To qualify for the reward, users must complete the tasks and activities outlined in the Program Overview.
Certain jurisdictional limitations apply, as outlined by Magic Square’s terms and conditions and here.
Eligible recipients will be required to complete Gitcoin verification to qualify for rewards.

CLICK HERE TO JOIN NOW!

Rewards

A total reward pool of 2,500,000 $SQR tokens, representing 0.25% of the total token supply, has been allocated for the 'Road-to-TGE' campaign participants. Magic Square has designed a dynamic rewards system tied to a public leader board that tracks participants' on-chain activities to ascertain who earns rewards through their individualized efforts and participation. Here’s how the rewards break down:

Top 2,000 Participants: A reward pool of 1,000,000 SQR tokens has been allocate for the top 2,000 leader board contenders. Your share is directly linked to your rank and points earned via the participant’s efforts in the campaign.
Beyond the Top 2,000: An additional reward pool of 1,000,000 SQR tokens has been allocated for participants ranking from 2,001 onwards, ensuring that everyone has the opportunity to earn, not just the top performers.
Weekly Rewards & Raffles: In addition to the ongoing competition, 500,000 SQR tokens will be awarded weekly to participants. This includes recognizing the “top performers of the week” and a participation raffle, to encourage elevated enthusiasm and momentum throughout the campaign.

All rewards will be distributed following the main-net launch and the TGE, with no vesting period or lock-up conditions.

The ways to accumulate points include:

Onboarding

Account Setup: Initiate your Magic Square experience by creating or verifying your account.
Product Orientation: Develop a comprehensive understanding of Magic Square's offerings.

Become an Active Magician

Active Participation: Serve as a validator, contributing to the evaluation of community project.
Providing Feedback: Share valuable insights derived from your engagement with Magic Store projects.
Engagement in Campaigns: Participate in activities that contribute to the expansion of listed projects.

Community Amplification and Engagement Activities

Outreach Expansion: Contribute to weekly initiatives aimed at boosting the visibility of enhance Magic Square.
Referral Program: Bring in friends to Magic Store to boost your campaign points.
Creative Contribution: Produce content regularly that enhances within the ecosystem on a regular basis.

Feedback, Voting, and Bug Hunting Activities

Sharing Insight: Consistently provide recommendations to enhance the platform.
Improving Security: Participate in the identification and resolution of platform vulnerabilities.

Daily Engagement Activities

Regular Engagement: Interact with the platform daily to optimize your rewards.

Note: The exact number of points awarded for each task will be outlined on the Campaign Page. Magic Square reserves the right to modify these points. For a complete list of actions that reward active users on Magic Square's Magic Store, please visit: Magic Karma.

-->CLAIM YOUR SPOT HERE<--

About Magic Square

Magic Square stands as a cornerstone in the Web3 landscape, designed for discovery and engagement. Its central platform, the Magic Store, not only streamlines the discovery of Web3 apps and games but also elevates developer engagement and user retention.
Three Pillars of Magic Square:
Rewarding User Experience:

Hot Offers: A gamified strategy to boost projects, rewarding users with Binance Gift Cards.
Magic Square’s Karma System: Rewards community actions with Magic Square’s "Karma" points, exchangeable for daily incentives.2

Community-Governed Quality Assurance:

Validation Voting: Empowers users to participate in validating the quality of projects, ensuring a trustworthy platform.

Frictionless Onboarding:

Magic ID: Eases entry into Web3 with both traditional and decentralized login methods, including instant wallet creation for newcomers.

Challenges Tackled by Magic Square
For Developers:

Exposure: Assists projects in reaching the appropriate audience, extending beyond the constraints of Web2 marketing.
Interoperability: Addresses cross-chain and app compatibility, unlocking opportunities for broader user bases.
Community Engagement: Provides tools to build and nurture a community, crucial for the success of Web3 projects.

For Users:

Simplicity: Clarifies Web3 for mainstream users, ensuring straightforward access and use.
Efficient Time Management: Reduces research time for experienced Web3 users seeking to engage with new projects.
Trust & Safety: Cultivates a scam-free environment, allowing users to confidently interact with projects.
Privacy Advocacy: Promotes an ethos where personal data remains in the user's control, opposing the traditional Web2 practices.

Source Credits: CoinList

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