Token

Turbo

Enhance

Storm Trade

<p>Magic Launchpad, the token launch service developed by Magic Square, has unveiled a host of novel features that should intrigue projects and communities alike. A total of three new features have been announced – Turbo Charge, a Dual Round System with FCFS and Pro-Rata Rounds, and OTC Pre-Market Allocations – that will shake up the IDO landscape while increasing the opportunities for the public to participate.</p>
<h3 id="building-upon-storm-trade-success">Building Upon Storm Trade Success</h3>
<p><a href="https://launchpad.magicsquare.io/" rel="noopener noreferrer nofollow">Magic Launchpad</a> is currently riding high off the success of the Storm Trade token sale it hosted, which proved to be wildly popular. The Early Access Token Sale (EATS) Storm Trade conducted raised 20x the initial target while showcasing Magic Launchpad’s flexibility when it comes to IDOs. The subsequent FCFS Round also sold out within a matter of minutes. The trio of new features Magic Launchpad has unveiled will build upon this foundation while helping to distinguish it from the competition.</p>
<p>Token launchpads can now be found on every blockchain and in every vertical, from DeFi to memecoins. Magic Launchpad’s name carries more cachet than most, however, given that it was developed by the Binance Labs-backed <a href="https://magicsquare.io/" rel="noopener noreferrer nofollow">Magic Square</a>. The introduction of a Dual Round System in particular is likely to interest crypto projects who now have more flexibility in terms of structuring their sales.</p>
<h3 id="more-rounds-more-inclusion">More Rounds, More Inclusion</h3>
<p>There’s a lot of thought that goes into optimizing a token launchpad sale, also known as a TGE (token generation event) or IDO (initial DEX offering). The goal is to simultaneously increase FOMO while ensuring an allocation for as many community members as possible – while also ensuring there is sufficient secondary market demand to sustain interest. It’s a lot of variables to factor in, but Magic Launchpad seems to have mastered the magic formula required to pull off this feat.</p>
<p>Its introduction of a Dual Round System offers both FCFS (First-Come, First-Served) and Pro-Rata Rounds. The former is fairly self-explanatory, but is particularly suited to granting an allocation to specific community groups – i.e those who’ve done the most for the project – as well as Magic Store Members. The Pro-Rata Rounds, meanwhile, allow for a more controlled and granular allocation of tokens based on each user’s deposit.</p>
<h3 id="turbo-charging-token-sales">Turbo Charging Token Sales</h3>
<p>Another new feature unveiled by Magic Launchpad, Turbo Charge will directly reward <a href="https://coincodex.com/crypto/magic-square/" rel="noopener noreferrer nofollow">SQR</a> holders by amplifying their buying power. The feature actually debuted in the Storm Trade token sale but is now set to be rolled out platform-wide. It provides a way for SQR holders to increase their buying power by up to 5x and acquire much more tokens than would ordinarily be possible. While the workings of this provision are complex, the net result is that instead of receiving USDT refunds when total deposits exceed allocations, the refund will be made in SQR based on the time of the deposit – which potentially boosts profits.</p>
<p>Regular Magic Launchpad users will be familiar with the price movements of the SQR token, which is likely to run up ahead of hyped token sales as users rush to secure an allocation. Users who play it smart and identify the timings and tokens likely to influence demand for SQR can leverage the Turbo Charge feature to further benefit. In this model, it essentially becomes a win-win for SQR holders, whether they obtain their desired allocation or are refunded in SQR.</p>
<h3 id="magic-launchpad-unveils-otc-allocations">Magic Launchpad Unveils OTC Allocations</h3>
<p>Magic Launchpad’s raft of new features is completed by OTC Pre-Market Allocations. This offers a select group of participants early access to token sales at pre-market rates in a manner akin to that enjoyed by VCs. Within the crypto industry, OTC markets are already in place for pre-launch tokens, allowing those with a guaranteed allocation, such as through airdrops, to cash it out early. Magic Launchpad’s OTC feature gives projects a new way to reward early supporters while also increasing excitement ahead of the public sale.&nbsp;</p>
<p>Token launchpads rise and fall on their reputation and their ability to fairly and transparently ensure that as many individuals as possible obtain the allocation they’re seeking. Magic Launchpad’s triumvirate of new features should support this goal while giving crypto projects greater flexibility when it comes to structuring their sale.&nbsp;</p>
<p>Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p>
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Magic Launchpad Rolls Out New Features to Enhance its Popular IDO Platform

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