Magic Square, with the support of Binance Labs, is thrilled to introduce Magic Launchpad, a groundbreaking platform for Initial DEX Offering (IDO). Built on the strong foundation of the Magic Square community, which boasts over 4.5 million unique user wallets and more than 1400 registered projects on the Magic Store Web3 App Store, Magic Launchpad not only serves as a fundraising platform but also enhances community building and growth solutions within the Magic Square ecosystem.
Ensuring project quality is of utmost importance to the Magic Square team, and the strategic, modular, multi-chain platform of Magic Launchpad reflects this commitment. By implementing a rigorous application process, the platform optimizes its capabilities for the benefit of both users and projects. Regardless of their size or stage of development, all initiatives have equal opportunities for success, as Magic Launchpad promotes transparency and provides equitable access to funding possibilities.
Andrey Nayman, the Founder and CEO of Magic Square, expressed his excitement about the launch, stating, “Magic Launchpad marks an important milestone for our community and the future of decentralized finance. We are eager to provide a platform that not only supports fundraising but also fosters the growth of innovative projects within our ecosystem.”
One of the standout features of Magic Launchpad is the Road-to-IDO campaign, which precedes each IDO. Participants who engage with the project’s community and platform before its launch on Magic Launchpad have the opportunity to earn token rewards.
Magic Launchpad offers a diverse range of IDO types, granting the community extensive access to the captivating world of Web3 innovation. Users can utilize SQRp points, earned by staking $SQR tokens, to determine their allocation for specific project launches that require points. Additionally, some launches may be conducted as private rounds while others may be whitelist events, providing prospective investors with various avenues for participation.
The inaugural IDO on Magic Launchpad will feature the innovative perpetual DEX, Storm Trade, which operates on the TON blockchain. Backed by Ton Ventures and seamlessly integrated with Telegram, Storm Trade enables trading with up to 50x leverage across a wide range of markets. To celebrate the launch of Magic Launchpad and the upcoming release of the $STORM Token, Storm Trade will allocate 5,000,000 $STORM tokens (approximately 0.05% of the total supply) to the Road-to-IDO Campaign. This platform offers high-yield liquidity pools, social-fi elements, and an intuitive user interface, all while prioritizing decentralization and top-notch security.
Overall, Magic Launchpad revolutionizes the IDO landscape, providing a platform that not only facilitates fundraising but also fosters community growth and inclusion. With its innovative features and commitment to project quality, Magic Launchpad sets the stage for a new era of decentralized finance.