Treasure MAGIC Price

What is Treasure (MAGIC)?

Unveiling the Magic Behind Treasure: The Cross-Metaverse Ecosystem

In the dynamic realm of decentralized NFT ecosystems, Treasure and its native utility token, MAGIC, have emerged as pioneers, connecting gaming communities within the Treasure Metaverse. Launched in September 2021 on Arbitrum, Ethereum's Layer 2 scaling solution, MAGIC serves as a cross-game currency, fostering connections between players, games, metaverses, and communities in the Web 3.0 era.

Treasure, the brainchild of co-founders John Patten, Gaarp, and Karel Vuong, operates as a decentralized autonomous organization (DAO) with 36 community contributors. The project integrates gaming, DeFi, and NFTs, offering a unique blend that empowers smaller gaming communities at the heart of its ecosystem.

MAGIC, with a maximum supply of 347,714,007 coins, is an ERC-20 token designed to become increasingly scarce as the Treasure community grows. Its distribution includes allocations for Treasure Farm, Extraction (Mining), Staking/Liquidity, Ecosystem Development Fund, and Team/Contributors. Notably, 61% of MAGIC's circulating supply is in circulation as of January 2023.

The Treasure ecosystem, residing on Arbitrum, leverages Ethereum's Layer-1 proof-of-stake consensus mechanism, ensuring the security of MAGIC. Bridgeworld, the central metaverse, acts as the hub for MAGIC emissions and harvesting, featuring a resource economy centered around MAGIC (Power), Treasures (Resources), and Legions (NFT | Players).

Treasure's narrative-driven approach sets it apart, with each project on its marketplace inventing lore and storytelling for the interconnected metaverses. MAGIC serves as the reserve currency for the entire Treasure umbrella, facilitating marketplace transactions, and empowering the DAO to grow new projects and support existing ones.

The Treasure Marketplace, where projects can offer their NFTs, operates with MAGIC as the native currency, emphasizing its role as a cross-metaverse connector. The DAO, comprised of MAGIC token holders, engages in decentralized decision-making, influencing the evolution of the ecosystem through voting.

Treasure's journey began as the Loot Project on Ethereum in August 2021, later migrating to Arbitrum in October 2021 due to Ethereum's high gas fees. In November 2021, the MAGIC DAO was implemented, giving staked MAGIC holders voting rights. The TreasureDAO community plays a crucial role in shaping the future of the ecosystem, deciding on new games, metaverse projects, and overall development.

As of March 2023, Treasure stands as a decentralized gaming and NFT ecosystem powerhouse on Arbitrum, supporting over ten games and ranking among the top gaming tokens on platforms like SushiSwap. The engaged community, exceeding 100,000 strong, showcases the success of the Treasure project.

Looking ahead, TreasureDAO's partnership with Strider, known as Project Bilbo, aims to deliver high-fidelity web3 games, further solidifying Treasure's position in the ever-evolving landscape of decentralized gaming and NFTs. The interconnected metaverse experience fueled by MAGIC continues to captivate and empower the gaming community within the Treasure ecosystem.

What is unique about Treasure (MAGIC)?

Treasure and MAGIC stand out for seamlessly connecting gaming communities in the Treasure Metaverse through the cross-game currency MAGIC, fostering collaboration across metaverses and empowering smaller gaming communities. The integration of gaming, DeFi, and NFTs within a DAO-driven ecosystem makes Treasure unique in the decentralized NFT space.

Who are the founders of Treasure (MAGIC)?

Treasure, the decentralized NFT ecosystem, was established by three co-founders: John Patten (Strategy), Gaarp (Growth), and Karel Vuong (Operations). The project's success is attributed to their vision and leadership in creating a narrative-driven metaverse experience.

Who are the backers/investors of Treasure (MAGIC)?

The information provided does not specify specific backers or investors for Treasure and MAGIC. As of now, details about the project's financial backing or specific investors are not available.

Where can I buy Treasure (MAGIC)?

You can buy Treasure (MAGIC) on Binance, BitgetMEXCBybitGate.io cryptocurrency exchanges.