Magic Square Boosts Swap Capabilities with 1inch Integration, Launches $25K Swap Competition

Magic Square, a Web3 App Store, has integrated the 1inch Swap API and launched a $25,000 $SQR Swap Competition to reward users for their transactions and active involvement. The 1inch Swap API, with over 30 million swaps completed and a volume exceeding $300 billion, will significantly enhance the usefulness and productivity of Magic Square users.

Magic Square Boasts Enhanced Trading Capabilities with 1inch Swap API Integration and Unveils Lucrative $25,000 Swap Competition

London, UK – February 2, 2023 – Magic Square, the leading Web3 App Store, has taken a decisive step forward in revolutionizing the decentralized finance (DeFi) landscape with the seamless integration of the 1inch Swap API. This strategic alliance grants Magic Square users unparalleled access to 1inch's robust network, empowering them to execute swaps with optimal efficiency and cost-effectiveness.

1inch, renowned for its cutting-edge technology and extensive liquidity aggregation capabilities, provides Magic Square users with unparalleled swap conditions. The integration covers an impressive array of over 380 liquidity sources and supports a diverse range of 12 blockchain networks. This comprehensive integration enables users to enjoy seamless and highly advantageous swaps, significantly enhancing their trading experience.

Empowering Users with Unrivaled Trading Opportunities

The integration of the 1inch Swap API signifies Magic Square's unwavering commitment to providing users with the most advanced and user-friendly DeFi tools available. 1inch's proven track record of over 30 million successful swaps and a cumulative volume exceeding $300 billion is a testament to its exceptional reliability and efficiency.

Andrey Nayman, CEO and Founder of Magic Square, expressed his enthusiasm for the integration, stating, "This collaboration with 1inch marks a pivotal moment for Magic Square. Our unwavering goal has always been to provide our users with an unparalleled experience, characterized by seamlessness and exceptional rewards. By integrating the 1inch Swap API, we not only expand our service offerings but also elevate the overall value proposition for our community through additional incentives."

Alexandra Fetisova, Partners & Community Lead at 1inch, echoed the sentiment of collaboration, adding, "We are delighted to join forces with Magic Square. The 1inch API, accessible through our developer portal, is meticulously designed to make our users' DeFi endeavors smoother and more efficient."

Introducing the Thrilling $SQR Magic Swap Competition

To further amplify the excitement within the Magic Square ecosystem, the platform has proudly launched the $SQR Magic Swap Competition, offering a substantial prize pool of $25,000. This captivating competition will generously reward users based on their overall swap volume, injecting a thrilling new dimension to the platform.

In addition to the competition, Magic Square's innovative Magic Karma rewards program continues to incentivize active participation in the ecosystem. With each swap transaction, users will accumulate Karma points, further encouraging their engagement and contributions to the platform. This unique program rewards a diverse range of actions and contributions, including participation in campaigns, onboarding new users, claiming special offers, and now, actively utilizing Magic Swap. The accumulated Karma points will determine the daily allocation of 10,000 $SQR tokens among Magic Store users, adding an exciting layer of competition and rewards.

Enhancing the Utility of $SQR Token and Magic Store

With the introduction of the Magic Swap Competition and the implementation of Karma Rewards for Swaps, the Magic Store and the native $SQR token gain significant utility and value. These initiatives are poised to foster increased demand for $SQR tokens, driven by the additional Karma points awarded for swapping to $SQR.

The integration of the 1inch Swap API and the launch of the $SQR Magic Swap Competition are testament to Magic Square's unwavering dedication to pushing the boundaries of DeFi innovation. These enhancements not only empower users but also contribute to the growth and prosperity of the Magic Square ecosystem. As Magic Square continues to forge strategic partnerships and introduce groundbreaking features, the platform firmly establishes itself as a leading force in the burgeoning Web3 landscape.

About Magic Square

Magic Square is the ultimate Web3 App Store, providing a seamless gateway to a world of decentralized applications, games, and services. The platform's user-centric design and emphasis on security make it the ideal destination for users seeking a comprehensive and intuitive DeFi experience. Magic Square is committed to fostering innovation and empowering users with the tools and knowledge they need to navigate the rapidly evolving Web3 landscape.

About 1inch

1inch is a leading decentralized exchange (DEX) aggregator that empowers users to find the most optimal swap rates across diverse liquidity sources. With a focus on providing the best possible user experience, 1inch aggregates liquidity from multiple DEXes, ensuring users can execute their trades with minimal slippage and at the most favorable prices. 1inch's commitment to innovation and user satisfaction has made it a trusted and widely adopted platform within the DeFi ecosystem.

Contact Information

For further inquiries or media requests, please reach out to:

• Magic Square: pr@magicsquare.io
• 1inch: pr@1inch.io