Magic (MAGIC)
A Gaming Infrastructure and Ecosystem Project on Arbitrum.- TreasureDAO is a gaming infrastructure and ecosystem project on Arbitrum. It has products like Bridgeworld, Trove and Magic Swap.
- MAGIC is the native token of the project. The current use cases for MAGIC include:
- Native currency: MAGIC is the default currency on Trove Marketplace.
- Staking: MAGIC holders receive staking rewards through the initial allocation of MAGIC and from protocol revenues like NFT Marketplace.
- Governance: holders can stake MAGIC as collateral to propose and vote on grants.
- Gameplay: MAGIC is used within the TreasureDAO ecosystem games, including Bridgeworld, Battlefly, Peek-a-Boo, Toadstoolz, etc.
- The project consists of the following major components working in conjunction:
- Bridgeworld: A GameFi social coordination strategy game built around the collection of resources (NFTs) to accumulate MAGIC.
- Trove: the largest NFT marketplace on Arbitrum.
- Magic Swap: An Auto Market Maker (AMM) for gaming tokens with MAGIC as the base pairs.
- Third-party games: the ecosystem has popular games like The Beacon. TreasureDAO will be offering a Proof of Play system that aggregates the gaming achievements and quests.
- As at Dec 12th 2022, the total token supply of MAGIC is 339,645,510. The current circulating supply is 177,181,782 (~52.17% of total supply).
- Learn more about the token distribution of MAGIC here.