Magic Square Seamlessly Integrates 1inch Swap API, Unveils $25,000 Swap Competition

Web3 App Store Magic Square has integrated the 1inch Swap API, offering users unparalleled swap conditions across 12 networks and over 380 liquidity sources. To celebrate, Magic Square has launched a $25,000 $SQR Swap Competition, rewarding users for active participation and transactions. The integration enhances the utility and efficiency of Magic Square, aligning with its goal of providing users with a seamless and rewarding experience.

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

April 16th, 2024 –– Magic Square, the pioneering Web3 App Store, has announced its groundbreaking integration with the 1inch Swap API. This strategic partnership marks a significant milestone for the platform, empowering users with unparalleled swap conditions and enhanced utility.

1inch Swap Integration: Unrivaled Swap Conditions

The 1inch Swap API seamlessly integrates into Magic Square, offering users access to the platform's unmatched swap conditions. With support for 12 networks and over 380 liquidity sources, 1inch boasts an impressive track record of over 30 million total swaps and a volume exceeding $300 billion. This partnership brings the best-in-class swap functionality to Magic Square's growing user base, significantly enhancing the utility and efficiency for customers.

Andrey Nayman, Magic Square Founder and CEO, enthusiastically stated: "This collaboration with 1inch is a testament to our unwavering commitment to providing our users with the most exceptional experience. By seamlessly integrating the 1inch Swap API, we not only expand our service offerings but also generate additional value for our community through lucrative rewards."

Alexandra Fetisova, Partners & Community Lead at 1inch, echoed this sentiment, saying: "We are thrilled to join forces with Magic Square. Our mission at 1inch is to streamline and enhance the DeFi journey for users, and this partnership is a powerful step in that direction."

$SQR Swap Competition: Rewarding Active Participation

To celebrate the integration, Magic Square is launching a thrilling $SQR Swap Competition valued at an impressive $25,000. This competition rewards users based on their total swap volume, incentivizing active participation and transactions.

In addition to the competition, every swap transaction earns users Karma points, further fostering active engagement within the Magic Square ecosystem. Magic Karma, the platform's unique reward system, awards points for a variety of contributions and activities, including participating in campaigns, inviting friends, claiming hot offers, and now, through Magic Swap. At the end of each day, 10,000 $SQR will be distributed among Magic Store users proportionate to the Karma points they have accumulated.

Enhanced Utility for Magic Store and $SQR Token

The Magic Swap Competition and Karma Rewards for Swap significantly enhance the utility of both the Magic Store and the $SQR token. By offering additional Karma points for swapping to $SQR, these features have the potential to drive demand for the $SQR token.

About Magic Square

Magic Square is the pioneering Web3 App Store, revolutionizing the decentralized application landscape. The platform addresses the critical challenges of user acquisition, enhances user engagement, and fosters a rewarding experience through its community-driven platform. Magic Square seamlessly connects high-quality users with innovative projects, fostering meaningful interactions and fueling growth. Backed by Binance Labs, Magic Square boasts over 4.5 million registered users and an extensive catalog of over 1,300 apps and games. With the upcoming release of the Magic Launchpad, Magic Square is poised to become the comprehensive solution for growth hacking, encompassing brand awareness, user acquisition, and fundraising.