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What is Treasure (MAGIC)?

Treasure is a decentralized NFT gaming ecosystem on the Arbitrum blockchain. It offers an open platform for games, players, and developers to collaborate across all aspects of game development. Its native token, MAGIC, serves as the ecosystem’s currency. Players can earn MAGIC through mining, participation, and playing its flagship game, Bridgeworld.

Who founded Treasure (MAGIC)?

Treasure (MAGIC) was co-founded by John Patten and Gaarp in 2021.

Primary features of Treasure (MAGIC)

• MAGIC token: MAGIC token serves multiple utilities, such as serving as the primary currency within the ecosystem, used in marketplace transactions, staking, gameplay, and governance.

• Built on Arbitrum: Treasure leverages Arbitrum’s low-fee, Layer-2 Ethereum scaling solution for faster and cheaper transactions.

• NFT integration: Treasure works with NFTs like Legions and Treasures to unlock gameplay features and earn rewards in games such as Bridgeworld.

• Ecosystem growth: Supports multiple independent gaming projects under the Treasure umbrella, creating a connected “decentralized Nintendo” experience.

Is MAGIC a promising crypto?

The MAGIC token powers Treasure’s interconnected gaming ecosystem on Arbitrum, enabling a cross-game economy, NFT integration, and decentralized governance. Its deflationary tokenomics, expanding metaverse of games, and low-fee infrastructure give it strong growth potential in blockchain gaming. However, like any crypto, its success depends on adoption, competition, and overall market conditions.

You can buy MAGIC from crypto platforms like CoinSwitch.

How do I use MAGIC?

• MAGIC can be bought and traded on crypto platforms like CoinSwitch. 

• As the in-game currency, MAGIC is used to buy, sell, and trade assets across metaverse games in the Treasure ecosystem.

• Token holders can stake MAGIC to earn rewards or participate in liquidity pools.

• MAGIC holders can vote on Treasure DAO proposals and help shape the ecosystem’s future.

Pros & Cons of Treasure (MAGIC)

Pros

• With annual halvening events, token sinks, staking incentives, and burn mechanics, MAGIC is designed to become increasingly scarce over time.

• MAGIC offers a unique integration of NFTs, gaming, and DeFi, drawing interest from investors and players alike.

• Treasure is supported by multiple games such as Bridgeworld, Smolverse, and BattleFly.

Cons

• MAGIC is subject to market volatility like all cryptos.

• The platform’s multi-faceted ecosystem can be overwhelming for beginners.

• Treasure faces rivalry from other metaverse and NFT platforms.

How to trade MAGIC on CoinSwitch?

• Start investing in MAGIC with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

Treasure (MAGIC) ICO summary

Treasure raised $3 million in its ICO on December 23, 2021, with a total token supply of around 347.7 million MAGIC. The fundraising attracted notable backers, including 1kx, Merit Circle, ID Theory, Ready Player DAO, BlackPool, NeonDAO, AcadArena, and prominent angels like Jason Choi, Jeffrey Zirlin, and DeFi Vader, helping establish a strong foundation for its gaming-focused metaverse ecosystem.

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FAQ's on Treasure

1. What is Treasure (MAGIC)?

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Treasure is a decentralized NFT gaming ecosystem built on the Arbitrum blockchain, serving as a hub for metaverse projects. Its native token, MAGIC, powers transactions, staking, and governance. 

 

 

2. What are the primary features of Treasure (MAGIC)?

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MAGIC functions as the ecosystem’s main currency, enabling marketplace transactions, staking, and governance. Built on Arbitrum for low fees, it integrates NFTs like Legions and Treasures into gameplay and supports multiple interconnected metaverse games.

3. Is MAGIC a promising crypto?

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MAGIC has strong potential due to its interconnected gaming ecosystem, NFT integration, decentralized governance, and deflationary tokenomics. However, its success depends on user adoption, market trends, and competition.

4. How can I use MAGIC?

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MAGIC can be traded on platforms like CoinSwitch and can be used to buy and sell in-game assets, staked for rewards, and provided in liquidity pools. 

Highlight

Treasure is a decentralized NFT ecosystem that serves as a hub for metaverse projects.

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Treasure Price Statistics

MAGIC Price Today

MAGIC Price

₹10.019

Price Change 24h

percent_change_icon

0%

Price Change 7d

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3.69%

Market Rank

#556

Market Cap

₹389 Cr.

Trade Vol 24h

₹103 Cr

Circulating Supply

₹32 Cr. MAGIC

Trading Activity

100% Buy0% Sell

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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