Magic - What Is The Project That Just Got Binance List? Should FOMO?

NFT is always a very hot array on different chains, especially NFT on Ethereum with million USD collections such as Bored Ape Yacht Club, CryptoPunks, Mutant Ape Yacht Club, etc. On Arbitrum, it is impossible not to mention Treasure - an NFT exchange on the Arbitrum ecosystem.

What Is Treasure?

Treasure is a decentralized NFT ecosystem on Arbitrum built specifically for metaverse projects. Every project listed on Treasure's marketplace utilizes MAGIC in their respective metaverses, with each community inventing its own lore and storytelling for this resource. MAGIC, the native Treasure token, is the sole currency for marketplace transactions.

What Is $MAGIC?

MAGIC is the natural resource of the Treasure metaverse. It "powers on" NFTs and turns them from fantasy into productive, yield-bearing assets.

MAGIC is designed to become increasingly scarce by deflation in proportion to the growth of the Treasure metaverse. Players can earn $MAGIC through playing, mining, and participating in Bridgeworld. The Treasure ecosystem, therefore, is governed by $MAGIC holders.

What is Bridgeworld?

Bridgeworld is a strategic trading, trading, and domination game at the heart of the Treasure Metaverse. Legions, Treasures, and other NFTs derived from Bridgeworld, represent player characters and items used to explore, create, and ultimately extract $MAGIC from the world.

Bridgeworld not only incorporates many of the DeFi concepts that are becoming standard in "play to earn" (P2E) games, but also represents a leap forward. Bridgeworld is an expansive metaverse connected by resources and stories. The MAGIC token, a reward from Bridgeworld, is the social coordinator for TreasureDAO. Project Treasure uses MAGIC to support decentralized game creation and governance.

Highlights Of TreasureDAO and $MAGIC

The TreasureDAO, governed by staked MAGIC holders, oversees the project. The goal of Treasure is to allow communities to bootstrap new, decentralized metaverses. The DAO votes on which projects to onboard, MAGIC distribution, and revenue-sharing agreements for the marketplace.

$MAGIC holders can stake tokens for profit and have governance rights in TreasureDAO for current and future projects on the platform.

$MAGIC Tokenomics

MAGIC emission mimics Bitcoin's halving, but this event occurs yearly instead of every four years. The total supply will be ~350,000,000 tokens.

Project Team

The team that built the TreasureDAO project is anonymous but has information on Twitter and Discord in case the community needs it. The community can contact the team via TreasureDAO Team.

Trade and Store $MAGIC

Users can store MAGIC tokens on the Holdstation wallet - audited by Verichain to bring trust to users through the following steps:

Step 1: Download the Holdstation wallet

Step 2: Switch to the Arbitrum One chain

Step 3: Add MAGIC tokens to your wallet by looking for the name or contract address: 0x539bdE0d7Dbd336b79148AA742883198BBF60342

Binance has listed MAGIC so users can easily buy tokens from the world's largest exchange.

Treasure Marketplace

Based on data from DappRadar, NFT exchange - Treasure Marketplace has nearly 15k unique active wallets (UAW) (over 200% growth) with over 140k transactions (over 230% growth) within 30 days. However, the trading volume was only 7.85k - down 55% due to NFT's devaluation in the past 30 days.

Personal Reviews And Summary

$MAGIC is a deflation token and governance token on the NFT exchange of the Arbitrum ecosystem. Therefore, as this ecosystem grows, the MAGIC token promises also to lead the growing trend of Arbitrum.

However, the price of the MAGIC token is quite FOMO after the news is listed on Binance, so investors can buy this token after supporting the FOMO around $0.5-$0.6. The MAGIC token was trading around $0.83 after reaching the new ATH at $0.96 on the Binance exchange with a trading volume of more than 20 million USD while being listed for just over an hour.

The MAGIC token is the most critical and indispensable in the TreasureDAO ecosystem. Therefore, the development of TreasureDAO will lead to the growth of $MAGIC thanks to user purchasing power in the ecosystem. The product parameters of TreasureDAO are also quite impressive in the downtrend season, so it is expected that the uptrend of the ecosystem will explode.

Binance is gradually releasing tokens on the Arbitrum ecosystem, and that can be seen that the attraction for this ecosystem is heating up and will be one of the critical ecosystems of the next uptrend season.

Disclaimer:
The information, statements and conjecture contained in this article, including opinions expressed, are based on information sources that Holdstation believes those are reliable. The opinions expressed in this article are personal opinions expressed after careful consideration and based on the best information we have at the writing's time. This article is not and should not be explained as an offer or solicitation to buy/sell any tokens/NFTs.
Holdstation is not responsible for any direct or indirect losses arising from the use of this article content.