Treasure price

MAGIC

#388

Treasure was established by two co-founders: John Patten and Karel Vuong.

Treasure and $MAGIC are operated by a decentralized autonomous organization (DAO), which consists of over 30 core community contributors. The DAO’s team members include experienced developers, product managers, economists, creative marketers, artists, and many enthusiastic gamers.

MAGIC is the native token that powers Treasure's "decentralized game console". It is used as a utility token that connects its metaverse of games and decentralized infrastructure. MAGIC's current role is: - Unit of account on Treasure’s native NFT marketplace and base pair within its AMM - The native staking token for the data availability layer across Treasure’s Infinity Chains blockchain network - The governance token for the network of chains, voting on core emissions policy and protocol upgrades - Cross-game currency that connects games, players, metaverses, and communities, all within Web 3.0.

MAGIC is the official currency of the Treasure ecosystem. It acts as a cross-metaverse currency that links together separate gaming communities. It was designed to become increasingly scarce over time as more players join the ecosystem.

You can earn and use MAGIC tokens across Treasure's games. You can also stake MAGIC tokens in Magicswap, Sushi, and within games in order to help govern the Treasure platform and participate within the ecosystem.

Treasure is a community-driven gaming project that started as a fair launch: small gaming communities are at the center of its ecosystem. Each smaller gaming community is “connected through lore, guilds, resources, and MAGIC.” These separate communities can trade NFTs and collaborate using MAGIC tokens. More established communities can, for instance, use MAGIC to help develop new or emerging projects.

$MAGIC is an ERC-20 token with a maximum supply of 347,714,007 coins. It’s a deflationary token whose holders can vote on governance matters in the Treasure ecosystem.

MAGIC was originally distributed at the following ratios: - Community: 33% - Mining: 25% - Liquidity: 17% - Ecosystem Fund: 15% - Contributors: 10%

As of November 2024, MAGIC’s circulating supply is 273,210,922 / 347,714,007 (79%).

As of November 2024, MAGIC is listed on Binance, Coinbase Exchange, Uniswap (V2) and Uniswap (V3), SushiSwap, Gate.io, OKX, Huobi, Bybit, Bitget, MEXC, LBank, CoinEx, BitMart, BTCEX and BitForex.

Want to keep track of MAGIC prices live? Download the CMC mobile app.

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