Magic Square has introduced its new platform, Magic Launchpad, supported by Binance Labs, marking a significant advancement in the Web3 industry. This eagerly anticipated platform aims to assist early-stage Web3 projects in raising funds through decentralized means.

What Does Magic Launchpad Offer?

Magic Launchpad aims to provide a fairer environment for small-cap investors compared to traditional Initial DEX Offerings (IDOs). The platform will implement unique allocation strategies based on user activity and contributions within the Magic Square ecosystem. This approach is designed to allow a wider range of users to participate in exciting new projects. For the latest updates on finance and business, visit COINTURK FINANCE.

This isn't Magic Square’s first foray into the fundraising domain. They previously acquired an IDO platform named TruePNL, which laid the groundwork for Magic Launchpad. The new platform will enable projects to raise capital from Magic Square’s community of 4.5 million users while also expanding this community rapidly.

Besides the launchpad, Magic Square offers various Web3 applications, including decentralized apps (dApps), centralized and decentralized finance platforms (CeFi and DeFi), non-fungible tokens (NFTs), and blockchain games. Users are incentivized to engage with the platform, promoting active participation in the ecosystem. As a result, Magic Square becomes a central hub for Web3 enthusiasts.

Focused on Quality Projects

Magic Launchpad is a multi-chain platform committed to showcasing high-quality projects through a stringent application process. This ensures that all projects have an equal opportunity to secure investments. Andrey Nayman, the founder and CEO of Magic Square, emphasized the platform's role:

“By integrating deeply with Magic Square’s existing infrastructure, we are ready to transform how early-stage projects raise funds and gain support in the Web3 ecosystem. Projects using Magic Launchpad not only secure funding but also build a larger community through our integrated infrastructure.”

Magic Launchpad will feature various types of IDOs, providing the community with extensive access to all areas of Web3 innovation. Users will stake SQR tokens to earn SQRp points, which determine their allocation in project launches that require these points.

Key Feature Highlight

A notable feature of Magic Launchpad is the Road-to-IDO campaign conducted before each IDO. This campaign allows users to interact with the project’s community and platform before its launch on Magic Launchpad, earning token rewards in the process.

The first IDO on Magic Launchpad will be for Storm Trade, a revolutionary decentralized exchange (DEX) on the TON Blockchain. Storm Trade will integrate directly with Telegram, offering trading with up to 50x leverage across various markets. To celebrate the launch, Storm Trade has allocated 5,000,000 STORM tokens for the Road-to-IDO campaign.

In summary, Magic Square addresses the challenges of user acquisition and engagement, providing a rewarding and community-focused experience. Supported by Binance Labs, the platform has over 4.5 million registered users and more than 1,300 listed applications and games.