What is a Magic Square (SQR)? Opening the Door to the World of Web3

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Bittime - The world of Web3, a decentralized internet built on blockchain, is growing rapidly with a variety of interesting applications and games.

However, finding and interacting with the best dApps (decentralized applications) among a sea of ​​choices can be challenging. This is where Magic Square (SQR) comes in as an innovative solution.

What is a Magic Square (SQR)?

Magic Square (SQR) is an immersive discovery and engagement platform for the Web3 Crypto Ecosystem. The platform empowers users to explore various community-verified apps and games. SQR aims to be the leading platform for users to discover and interact with the best dApps and decentralized games.

Magic Square (SQR) Key Products & Features

• Magic Store: The first app store designed for crypto. Users can find and download various dApps and games that are verified and safe.
• Magic Spaces: A unified experience for all apps, widgets, and DeFi. Users can manage all their crypto assets and activities in one place.
• MagicID: A decentralized identity solution that allows users to connect to all their crypto applications with one secure click.
• Magic Boost: Top affiliate network for Blockchain & Web3 projects. Developers can promote their apps and reach new users through the Magic Square affiliate network.

Also read: What is Ozone Chain (OZO)? Blockchain Security Door

What Are SQR Tokens?

The SQR token is a native utility token used throughout the Magic Square ecosystem. This token has several functions:

• Governance: SQR token holders can participate in platform governance and cast their votes on important proposals.
• User access: Users can use SQR tokens to purchase access to premium packages and exclusive features on the Magic Square platform.
• App advertising: Developers can use SQR tokens to promote their apps on the Magic Store and reach new users.
• Referral rewards: Users can earn SQR tokens by referring new users to the Magic Square platform.

Tokenomic Token SQR

• Total Supply: 100,000,000 SQR
• Circulating Supply: 43,000,000 SQR
• Token Allocation:
  • Team: 20%
  • Public Sale: 30%
  • Ecosystem & Liquidity: 30%
  • Reserve Fund: 20%

Also read:

Analisis Fundamental Magic Square (SQR)

• Use Case: Magic Square has a strong use case with its platform that facilitates the discovery and engagement of dApps and games.
• Team: The Magic Square team consists of experienced individuals with backgrounds in blockchain and software development.
• Community: Magic Square has a thriving community of over 100,000 registered users.
• Partnerships: Magic Square has established partnerships with several well-known blockchain projects.

Comparison of Magic Square (SQR) & Competitors

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Magic Square (SQR) Price Prediction 2024

Predicting cryptocurrency prices correctly is difficult, because it is influenced by various factors, such as technological developments, government regulations, and market sentiment.

However, based on historical data analysis and current market conditions, here are the Magic Square (SQR) price predictions for 2024:

Historical Data

• Current SQR price (26 February 2024): IDR 7,744
• All-time highest price (ATH): IDR 11,997 (18 January 2024)
• All-time lowest price (ATL): IDR 6,293 (12 January 2024)

SQR Price Prediction 2024

• Average: IDR 9,000 - IDR 10,000
• Minimum: IDR 8,000
• Maximum: IDR 12,000

Factors Influencing Predictions

• Web3 Adoption: As more people adopt Web3, the higher the demand for dApps and games on the Magic Square platform, which could increase the price of SQR.
• Platform Development: Magic Square's success in launching new features and establishing strategic partnerships could increase the value of the platform and the SQR token.
• Market Conditions: Increases or decreases in the price of Bitcoin and other major cryptocurrencies can affect the price of SQR.

Conclusion

Magic Square is a promising platform with a lot of potential to become a leader in the Web3 Crypto Ecosystem.

The platform has strong use cases, an experienced team, a fast-growing community, and partnerships with top blockchain projects. The SQR token has some utility on the Magic Square platform and could be an interesting investment for investors who are bullish on the future of Web3.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on  Bittime ,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into  your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime .

Monitor price chart movements  for Bitcoin (BTC) ,  Ethereum (ETH ) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

What is a Banana Gun (BANANA)? Safe and Easy Crypto Trading on Telegram

What is Streamr (DATA)? Unlocking the Economic Potential of Real-time Data in the Web3 Era

What is Solend (SLND)? Pioneer of the Autonomous Lending and Lending Marketplace on Solana

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.