Magic Square Reveals $66 Million Worth of SQR Token Grants for Web3 Projects
Magic Square, a Web3 app store, has announced that it will be providing $66 million worth of its native SQR token as grants to projects listed on its platform. This represents 12% of the total supply of SQR tokens. The grants are intended to support the initial marketing expenses of selected apps and games, helping them increase their visibility and engagement with their target audience.
The SQR tokens are currently valued at around $0.55, resulting in a total market capitalization of approximately $550 million.
Eligibility for Magic Square Grants
- Only projects listed on the Magic Store are eligible for a grant.
- The listing process is completely free.
- Magic Store welcomes a wide range of Web3 projects, including apps, games, wallets, exchanges, and DeFi platforms.
- Having a token is not a requirement for listing on the platform.
Benefits for the Magic Square Ecosystem
The grants program not only supports individual projects but also benefits the wider Magic Square community:
Dual Benefit through “Hot Offer” Campaigns
- Users can participate in “Hot Offer” campaigns and earn rewards while boosting campaign engagement.
- This creates a win-win situation for both projects and users by enhancing the overall user experience on the platform.
Campaign Support and Integration
Magic Square provides campaign support and integration services to projects listed on its platform:
- The app store leverages its large user base to help projects achieve their campaign objectives seamlessly.
- Projects can initiate campaigns without upfront integration, simplifying the process.
Extra Bonuses and Reduced Fees
Grants serve as additional bonuses on top of campaign budgets, offering extra users and reduced fees:
- This feature makes Magic Square an attractive platform for developers with budget constraints or reservations about prepaid services.
Hot Take: Magic Square Grants Boost Web3 Project Visibility and Engagement
Magic Square’s announcement of $66 million worth of SQR token grants is a significant development for the Web3 ecosystem. These grants provide financial support to projects listed on the Magic Store, helping them enhance their marketing efforts and reach a wider audience. By offering free listing and welcoming various types of Web3 projects, Magic Square promotes inclusivity and encourages innovation in the space.
The grants program also benefits the Magic Square community as a whole. Through “Hot Offer” campaigns, users have the opportunity to earn rewards while actively engaging with projects on the platform. This not only incentivizes user participation but also increases the visibility and success of these campaigns.
Additionally, Magic Square’s campaign support and integration services streamline the process for projects, allowing them to focus on their core objectives without worrying about upfront integration requirements. The availability of grants as extra bonuses further incentivizes projects to choose Magic Square as their preferred platform, especially if they have budget constraints or concerns about prepaid services.
In conclusion, Magic Square’s SQR token grants are a game-changer for Web3 projects. They provide financial support, enhance user engagement, and promote a vibrant ecosystem where innovative ideas can thrive. With its extensive catalog of apps and games and a large user base, Magic Square is poised to become a leading player in the Web3 app store space.
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