Summary

Magic Square, backed by Binance Labs, introduces Magic Launchpad, an Initial DEX Offering (IDO) platform, enhancing community building and growth within the Magic Square ecosystem.

Introduction

Magic Square has launched Magic Launchpad, a platform for fundraising that emphasizes project quality through a rigorous application process. With over 4.5 million unique user wallets and 1400 projects registered, Magic Launchpad aims to revolutionize early-stage project funding in the Web3 ecosystem.

Main Points

By ensuring transparency and equitable access to funding, Magic Launchpad provides equal opportunities for projects of all sizes and stages. Users can earn SQRp points by staking $SQR tokens to determine their allocation for specific project launches. The platform offers various IDO types, including private rounds and whitelist events, expanding community participation.

The Road-to-IDO campaign on Magic Launchpad rewards participants with token rewards for engaging with projects before their IDO. The inaugural IDO features Storm Trade, a perpetual DEX on the TON blockchain supported by Ton Ventures, offering up to 50x leverage and high-yield liquidity pools.

Conclusion

With the launch of Magic Launchpad, Magic Square aims to redefine early-stage project funding and community building in the Web3 ecosystem. The platform’s innovative features, such as the Road-to-IDO campaign and diverse IDO types, offer a unique opportunity for users to engage with cutting-edge Web3 projects.