MAGIC is a decentralized platform that enables developers to build and deploy Web3 applications with no backend or infrastructure. The platform provides a suite of tools, including smart contract templates, payment processing, user authentication, and database management, to simplify the development and deployment of decentralized applications. MAGIC is powered by the MAGIC token, which is used for governance and staking within the network.
About $MAGIC token
The $MAGIC token is the native cryptocurrency of the Magic internet computer, a decentralized computing network that aims to provide a faster, more secure, and more accessible platform for building and deploying decentralized applications. $MAGIC is used as a means of payment and a governance token for the Magic network, allowing holders to participate in key decisions related to its development and maintenance.
How to buy $MAGIC with a payment card
1. Enter the amount of $MAGIC and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $MAGIC wallet
You are given the option to enter your $MAGIC wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $MAGIC with a credit and debit card.
1. Market Position and Adoption: Treasure's ecosystem is centered around a decentralized video game console that connects games and communities through a common set of composable resources. The project is built on the principle of bottom-up driven IP and infrastructure that encourages community participation and ownership. The platform is powered by $MAGIC, a fair launch token that acts as a reserve asset and powers key infrastructure across the partner 'game cartridges'. As of February 2023, $MAGIC has a live market cap of $404,947,045 USD and a circulating supply of 209,266,429 MAGIC coins. It is ranked #101 on CoinMarketCap and has experienced an 18.79% increase in price over the last 24 hours. The top cryptocurrency exchanges for trading in MAGIC stock are currently Binance, BingX, OKX, Deepcoin, and Bybit.
2. Technology and Platform: Treasure's platform is built on a decentralized architecture that enables community ownership and participation. The ecosystem is designed to provide a common set of composable resources that can be shared across various games and applications. Underpinning the platform is $MAGIC, a fair launch token that provides the reserve asset and powers the key infrastructure across partner 'game cartridges'. The Treasure ecosystem is powered by cutting-edge blockchain technology that ensures transparency and security across all transactions. The platform's decentralized architecture also helps to eliminate the need for intermediaries, making it more efficient and cost-effective.
3. Team: The Treasure team comprises experienced professionals with a proven track record in the gaming and blockchain industries. The team's collective expertise spans across game development, blockchain technology, and community management. They are passionate about building a decentralized gaming ecosystem that empowers communities and promotes ownership.
The team's goal is to create a gaming ecosystem that provides a fair and transparent environment for game developers, gamers, and investors. They are committed to building a platform that provides a seamless experience for users and encourages community participation.
4. Competition: The decentralized gaming industry is highly competitive, with several projects vying for market share. Treasure's ecosystem stands out from the competition by offering a bottom-up driven IP and infrastructure that encourages community participation and ownership. The platform is also powered by $MAGIC, a fair launch token that acts as a reserve asset and powers key infrastructure across partner 'game cartridges'. Treasure's technology and architecture also differentiate it from the competition. The platform's decentralized architecture helps to eliminate intermediaries, making it more efficient and cost-effective. Additionally, the platform's composable resources allow for seamless integration across various games and applications.
5. Supply: As of February 2023, $MAGIC has a circulating supply of 209,266,429 coins and a maximum supply of 347,714,007 coins. The fair launch token is used to power key infrastructure across partner 'game cartridges' and acts as a reserve asset for the Treasure ecosystem. As the platform continues to gain adoption and attract more users, the demand for $MAGIC is likely to increase.
1. Market volatility: Like all cryptocurrencies, the price of MAGIC is subject to market fluctuations, which could lead to sudden drops in value. This volatility may be exacerbated by the relatively small market capitalization of MAGIC compared to more established cryptocurrencies.
2. Regulatory uncertainty: Cryptocurrencies operate in a legal gray area in many countries, and governments around the world are still grappling with how to regulate them. Regulatory actions could negatively impact the adoption of MAGIC and limit its use in certain jurisdictions.
3. Adoption risks: While Treasure has a strong team and a promising vision for the future of gaming, there is no guarantee that their ecosystem will be widely adopted. If the platform fails to attract a critical mass of users and developers, demand for MAGIC tokens could suffer.
4. Competition: The gaming industry is highly competitive, and Treasure will face significant competition from other gaming platforms and blockchain-based ecosystems. If other projects are able to offer more compelling features and benefits than Treasure, this could limit the adoption and value of MAGIC.
5. Technology risks: While Treasure's technology is promising, there is always a risk of bugs or security vulnerabilities in the platform. If a major security breach were to occur, it could undermine trust in the platform and negatively impact the price of MAGIC.
6. Supply risks: The total supply of MAGIC tokens is fixed, and there is a risk that large holders of the token could influence its price by hoarding or dumping their tokens. Additionally, the token's value could be impacted if a significant portion of the supply is lost or destroyed due to technical issues or user error.
Potential market development triggers
1. Partnership announcements: Any new partnerships with game developers or other blockchain platforms could help expand the reach of the Treasure ecosystem and increase demand for the MAGIC token.
2. Release of new game cartridges: As new games are added to the Treasure ecosystem, the demand for MAGIC tokens could increase as they are needed to access and play these games.
3. Increased user adoption: As more users begin to play games within the Treasure ecosystem and hold MAGIC tokens, the network effect could lead to even greater adoption and demand for the token.
4. DeFi integrations: If Treasure integrates with popular DeFi platforms, this could increase the utility of the MAGIC token and drive demand for it as a reserve asset.
5. Market recognition: As the Treasure ecosystem gains more attention and recognition in the wider blockchain and gaming communities, this could help increase the profile of the MAGIC token and its value proposition.