Ethereum

2024

Magic Square

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 <p class="paragraph">Magic Square, a Web3 app <a rel="noopener noreferrer nofollow" title="store" href="https://thebittimes.com/tag/store.html">store</a>, revealed $66 million worth of its native SQR token (12% of the total supply) for <a rel="noopener noreferrer nofollow" title="grant" href="https://thebittimes.com/tag/grant.html">grant</a>s benefiting projects listed on its platform as per the information shared with Finbold on March 6.&nbsp;</p>
 <p class="paragraph">The grants are intended to cover the initial marketing expenses of selected apps and games, helping them enhance their visibility and engagement with their target audience.</p>
 <p class="paragraph">At the time of writing, SQR tokens are valued at around $0.55, with a total market capitalization of approximately $550 million.</p>
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 <p class="paragraph">Backed by Binance Labs and Crypto.com Capital, Magic Square is an app <a rel="noopener noreferrer nofollow" title="store" href="https://thebittimes.com/tag/store.html">store</a> centered on Web3, boasting a catalog of over 1,100 apps and games and a user base exceeding 3.6 million unique wallets.</p>
 <h2 class="wp-block-heading" id="h-who-is-eligible-for-a-magic-square-grant">Who is eligible for a Magic Square grant?</h2>
 <p class="paragraph">Only projects listed on the Magic Store are eligible for a <a rel="noopener noreferrer nofollow" title="grant" href="https://thebittimes.com/tag/grant.html">grant</a>, and the listing is completely free.&nbsp;</p>
 <p class="paragraph">Magic Store welcomes a wide range of Web3 projects, including apps, games, wallets, exchanges, DeFi, and more.&nbsp;</p>
 <p class="paragraph">Most notably, having a token is not a requirement for listing.</p>
 <h2 class="wp-block-heading" id="h-what-do-the-grants-mean-for-the-magic-square-ecosystem">What do the grants mean for the Magic Square ecosystem?</h2>
 <p class="paragraph">The Grants Program extends beyond project support — it also benefits the wider Magic Square community.</p>
 <p class="paragraph">Through participation in “Hot Offer” campaigns, for example, users earn rewards and amplify campaign engagement while maximizing rewards.&nbsp;</p>
 <p class="paragraph">This dual benefit enhances the user experience on the platform for both projects and users alike.</p>
 <p class="paragraph">Magic Square also provides campaign support and integration, leveraging its large user base to achieve campaign objectives seamlessly.</p>
 <p class="paragraph">In other words, projects can initiate campaigns without upfront integration, simplifying the process.</p>
 <p class="paragraph">Furthermore, <a rel="noopener noreferrer nofollow" title="grant" href="https://thebittimes.com/tag/grant.html">grant</a>s serve as additional bonuses atop campaign budgets, offering extra users and reduced fees.&nbsp;</p>
 <p class="paragraph">This feature makes Magic Square an appealing platform for developers with budget constraints or reservations about prepaid services.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/web3-app-store-magic-square-reveals-new-66m-grant-program-tbt81788.html">https://thebittimes.com/web3-app-store-magic-square-reveals-new-66m-grant-program-tbt81788.html</a></p>

Web3 app store Magic Square reveals new $66m grant program

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