Web3 App Store Magic Square has announced the integration of the 1inch Swap API along with the launch of a $25,000 $SQR Swap Competition, intended to reward users for their transactions and active involvement.
Users of Magic Square now have access to the unparalleled swap conditions provided by 1inch, which covers over 380 liquidity sources and supports 12 networks. With over 30 million swaps completed and a volume over 300 billion, the 1inch Swap API is expected to greatly improve the usefulness and productivity for users of the well-known App Store.
The CEO and founder of Magic Square, Andrey Nayman, expressed excitement about the integration, stating:
“This collaboration with 1inch marks a significant milestone for Magic Square. Our goal has always been to provide our users with the most seamless and rewarding experience possible. By integrating the 1inch Swap API, we’re not only expanding our service offerings but also enhancing the overall value for our community through additional rewards.”
Alexandra Fetisova, Partners & Community Lead at 1inch added:
“We are thrilled to collaborate with Magic Square. The 1inch API, offered by our developer portal, aims to make users’ DeFi journey smoother and more efficient.”
By awarding users based on their overall swap volume, the $SQR Magic Swap Competition brings a thrilling new dimension to the platform. Users are further encouraged to participate actively in the ecosystem by earning Karma points for each swap transaction they complete, in addition to the competition. Its unique reward program, Magic Karma, gives points for a range of contributions and actions, such as taking part in campaigns, introducing friends, claiming special offers, and now using Magic Swap. Users’ Karma points will determine how 10,000 $SQR is allocated among the Magic Store users at the end of each day.
The Magic Store and the $SQR token are made much more useful by the Magic Swap Competition and Karma Rewards for Swap. These features may help raise interest in the $SQR token by providing extra Karma points for swapping to it.
