Magic Square has introduced Magic Launchpad, an Initial DEX Offering (IDO) platform that seeks to revolutionize the way early-stage projects raise funds. With a vast user base of over 4.5 million unique wallets and a thriving community of more than 1400 registered projects, Magic Square is poised to offer a comprehensive solution for growth hacking, brand building, user acquisition, and fundraising strategies.
Magic Launchpad is a cross-chain platform that is deeply integrated with Magic Square’s ecosystem. The platform boasts a range of IDO options, such as whitelist events and private rounds, to cater to the diverse preferences of investors. One standout feature of Magic Launchpad is the ability for users to stake $SQR tokens to earn SQRp points, which dictate their allocation sizes in specific project launches. Additionally, the Road-to-IDO campaign enables users to interact with projects ahead of their IDO launch and earn token incentives.
The inaugural project to conduct an IDO on Magic Launchpad is Storm Trade, a perpetual DEX operating on the TON blockchain. Backed by Ton Ventures, Storm Trade offers lucrative liquidity pools, social-fi components, and a user-centric interface with robust security measures in place. Andrey Nayman, the Founder and CEO of Magic Square, highlights the platform’s pivotal role in reimagining fundraising practices for early-stage ventures.
Magic Launchpad prides itself on providing equal opportunities for projects of all sizes and stages of development through a transparent and rigorous application process. Leveraging its strong community framework, Magic Square is well-equipped to drive user acquisition and engagement for the projects involved. In the competitive realm of cryptocurrency, launching a successful project can be daunting. However, Magic Launchpad offers a holistic solution for budding ventures, offering flexibility and diversity for both investors and projects.
The introduction of Magic Launchpad marks a significant milestone for Magic Square as it pushes the boundaries of innovation within the realm of Web3 and cryptocurrency. As the platform continues to evolve and adapt to the ever-changing landscape of the crypto industry, Magic Square reaffirms its commitment to fostering a vibrant and supportive ecosystem for projects seeking to thrive in the digital economy.