Magic Square, backed by Binance Labs, has announced the launch of Magic Launchpad, a groundbreaking Initial DEX Offering (IDO) platform. Built on the strong foundations of the Magic Square community, which boasts over 4.5 million unique user wallets and over 1400 projects registered with the Magic Store Web3 App Store, Magic Launchpad is poised to redefine fundraising and community growth in the Web3 ecosystem.

Magic Launchpad is designed to provide a platform for projects to raise funds, build communities, and grow within the Magic Square ecosystem. With a strict application procedure in place, the platform ensures that only high-quality projects are showcased, providing users with optimal experiences. By promoting transparency and equal access to funding opportunities, Magic Launchpad levels the playing field for projects of all sizes and development stages.

Andrey Nayman, Founder and CEO of Magic Square, expressed his excitement about the launch, stating, "By integrating Magic Launchpad with our existing infrastructure, we are set to revolutionize how early-stage projects raise funds and gain support in the Web3 ecosystem." He further added, "We are democratizing the investing process, lowering the barrier for our community to back cutting-edge Web3 projects. Projects that raise funds through Magic Launchpad don't just raise capital, they build a community like never before."

Magic Launchpad offers various IDO types, providing the community with extensive access to innovative Web3 projects. Users can earn SQRp points by staking $SQR tokens, which determine their allocation for project launches. Additionally, private rounds and whitelist events will be available, offering prospective investors diverse participation options. The Road-to-IDO campaign, held before each IDO, allows users to earn token rewards by participating in the project's community and platform before its launch on Magic Launchpad. The inaugural IDO on Magic Launchpad will feature Storm Trade, a perpetual DEX on the TON blockchain, which is allocating 5,000,000 $STORM tokens to the Road-to-IDO Campaign.