Magic Square Embraces 1inch Swap API, Launches $25K Competition

Magic Square, a popular Web3 app store, has integrated the 1inch Swap API, offering users access to liquidity sources across 12 blockchains. To celebrate this integration, Magic Square is hosting a $25,000 competition, where users can earn Karma points by swapping tokens and participating in other activities.

Magic Square Embraces 1inch Swap API and Launches $25,000 Competition

Singapore, April 4, 2024 - Magic Square, a prominent Web3 app store, has announced the integration of the 1inch Swap API and the launch of a competition with a $25,000 reward pool. This integration and competition are supported by industry giants such as Binance Labs and Crypto.com Capital.

Enhancing the Magic Square Ecosystem with 1inch Swap API

Magic Square's user base and extensive app and game listings have established it as a preferred platform for Web3 enthusiasts. The integration of the 1inch Swap API further strengthens Magic Square's ecosystem by providing access to liquidity sources across 12 blockchains. This integration enables seamless token swaps within the Magic Square ecosystem, eliminating the need for users to seek external platforms for token swaps before purchasing items in the Web3 app store.

Magic Karma: Rewarding Participation and Swapping

Complementing the 1inch Swap API integration, Magic Square has introduced Magic Karma, a reward system that incentivizes users for participating in campaigns, inviting others, and swapping tokens within the platform. The Magic Karma system adds an additional layer of utility, with the native token $SQR currently trading at $0.46.

Celebrating the Integration with a $25,000 Competition

To mark the integration of the 1inch Swap API, Magic Square is hosting a competition with a $25,000 prize pool. Participants accumulate Karma points based on their swap volume, which determines their rankings in the competition. The top 100 users with the highest swap volumes will share the $25,000 prize pool in $SQR, and an additional 10 lucky participants will receive $100 each for retweeting the competition announcement.

Magic Square's Expansion and Future Developments

In addition to these significant developments, Magic Square has earmarked a $66 million SQR grant to support projects listed on its platform. The company is also preparing to launch a launchpad, further expanding its offerings beyond the Web3 app store model. These initiatives underscore Magic Square's commitment to providing a comprehensive and user-centric Web3 ecosystem.

Disclaimer

The information presented in this article is for educational, informational, and entertainment purposes only. It should not be construed as financial advice. Cryptocurrency investments are subject to significant risks, and it is the reader's responsibility to conduct their own due diligence before making any investment decisions. Altcoin Buzz Pte Ltd. and its affiliated entities are not liable for any losses or damages incurred as a result of the information provided in this article.