Magic Square, backed by Binance Labs, is pleased to announce the launch of Magic Launchpad, a new Initial DEX Offering (IDO) platform. Magic Square is built on the strong foundations of the Magic Square community, with over 4.5 million unique user wallets and over 1400 projects registered with the Magic Store Web3 App Store. Magic Launchpad is mainly used as a platform for fundraising, but it also greatly improves community building and growth solutions within the Magic Square ecosystem.
By enforcing a strict application procedure, the Magic Square team’s strategic, modular, multi-chain platform Magic Launchpad highlights project quality. This ensures that the platform’s capabilities are optimally used for users and projects alike. All initiatives, regardless of size or development stage, have equal chances to succeed since it encourages transparency and offers equitable access to funding possibilities.
Andrey Nayman, Founder and CEO of Magic Square stated:
“By deeply integrating with Magic Square’s existing infrastructure, we are poised to redefine how early-stage projects raise funds and gain support in the Web3 ecosystem.”
Nayman, further added:
“Magic Square has democratized the App Store process and now we are doing the same to investing by lowering the barrier to let our community back cutting-edge Web3 projects. Projects that raise through Magic Launchpad don’t just raise capital, the deep integration with our existing infrastructure means they can build a community like never before.”
Several IDO types will be available on Magic Launchpad, providing the community with extensive access to every area of fascinating Web3 innovation. SQRp points, which are earned by staking $SQR tokens, are used by users to decide how big of an allocation they should get for particular project launches that need points. Furthermore, some launches may be organized as private rounds and others as whitelist events, providing prospective investors with a variety of ways to participate.
One of Magic Launchpad’s most notable features is the Road-to-IDO campaign, which is held before each IDO. By participating in the project’s community and on its platform before it launches on the Magic Launchpad, people may earn token rewards.
The innovative perpetual DEX on the TON blockchain, Storm Trade, will be the subject of the inaugural IDO on Magic Launchpad. With the backing of Ton Ventures, Storm Trade offers trading with up to 50x leverage across a variety of markets by integrating with Telegram directly. With the launch of the Magic Launchpad and the impending release of the $STORM Token, Storm Trade is celebrating by allocating 5,000,000 $STORM tokens (about 0.05% of the entire supply) to the Road-to-IDO Campaign. High-yield liquidity pools, social-fi elements, and an intuitive user interface are all aspects of Storm Trade, which is supported by complete decentralization and superior security.
