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What is Treasure (MAGIC)?

Treasure basic info

Name:Treasure
Ticker:
MAGICBuy now
Introduction:

What Is MAGIC?

MAGIC is the native currency of the Treasure platform, a community-governed ecosystem that acts as a bridge between different games, creating a decentralized metaverse game console. Launched in September 2021, it operates on Arbitrum, a layer 2 Ethereum scaling solution, allowing platforms like Treasure to operate on Ethereum much faster and cheaper. The Treasure platform, with its core platforms Bridgeworld and Smolverse, aims to provide communities with comprehensive support to build and develop their own games, breaking down the barriers guarded by large publishing houses in the gaming space.

MAGIC powers the Treasure ecosystem, serving as the core resource for various games and projects under the Treasure umbrella. It is used for transactions, creating equipment, and infrastructures within the metaverse, linking all projects economically and narratively. The ecosystem is designed to promote growth on their token and create more projects in the future, with MAGIC becoming increasingly valuable over time due to its multifunctional use and finite resource nature.

Resources

Official Documents: https://docs.treasure.lol/about-treasure/readme

Official Website: https://treasure.lol/

How Does MAGIC Work?

MAGIC operates within the Treasure ecosystem, which incorporates the idea of each game being its own entity, running on its own currency, with its own storyline and quest, all under the Treasure umbrella. The ecosystem is comprised of various metaverse projects, each making use of MAGIC in their own metaverse, connecting all metaverses to the same Treasure umbrella. This decentralized approach allows for the creation of a variety of games with unique stories and concepts, all utilizing MAGIC as their currency for transactions.

In the central metaverse, Bridgeworld, there are three key roles: MAGIC (the power source), Treasure (the resources), and Legion (the users). Legions use Treasures to mine for MAGIC, which is then used to create equipment and infrastructures, creating a cycle that keeps the ecosystem running. The Proof of Imagination consensus mechanism, a novel iteration of the traditional Proof of Work, is used to determine the value of assets within the ecosystem, ensuring that any asset is worth at least the amount of work put into it.

What Is MAGIC Token?

MAGIC token is the native currency of the Treasure platform and one of the three core resources of Treasure's gaming ecosystem. It was distributed in a fair launch in September 2021, with a maximum supply of 347,714,007 tokens. MAGIC token is designed to deflate the economy, with annual emissions being half that of the previous years, setting up a reward incentive for early contributors and supporters. 25% of the supply is dedicated to emitting MAGIC through the Atlas Mine and Harvesters, and the rest is allocated for system liquidity, reserved fund for the ecosystem, and the team.

MAGIC token is used for staking, powering in-game items, and governance. The community must stake a certain proportion of MAGIC's supply for the platform to keep running properly. It is also used for making or powering in-game items like Legions and Treasures and for voting on Treasure DAO Improvement Proposals or TIPs.

MAGIC's Impact on Finance

MAGIC's decentralized nature and its role as the native currency for the Treasure platform have significant implications for the world of finance, particularly in the realms of cryptocurrency and blockchain. It is at the forefront of the decentralized finance (DeFi) movement, providing a scalable and efficient alternative to traditional financial systems, reducing reliance on centralized financial institutions, and offering innovative financial services and products.

MAGIC, with its multifunctional use within the Treasure ecosystem, is revolutionizing the way value is created and transferred in the gaming metaverse. It is enabling the creation of a diverse range of games and projects, each with its unique value proposition, contributing to the overall value of the MAGIC ecosystem. This decentralized approach to value creation and transfer is paving the way for a new financial paradigm, where value is not confined to traditional financial instruments but is inherent in the diverse range of assets created within the decentralized ecosystems.

What Determines MAGIC's Price?

The price of MAGIC, like other cryptocurrencies, is determined by a myriad of factors, primarily driven by supply and demand dynamics within the cryptocurrency market. Cryptocurrency enthusiasts and experts closely monitor cryptocurrency news, trends, and analysis to understand the potential price movements of MAGIC. The price prediction of MAGIC is often influenced by the overall sentiment in the crypto community, developments within the Treasure platform, and broader cryptocurrency regulation and adoption trends. Market analysis and cryptocurrency charts are essential tools for both beginners and seasoned investors to gauge the potential price trajectory of MAGIC in 2023 and beyond.

Investors looking to buy MAGIC can do so on leading exchanges such as Bitget, where the token's price is influenced by trading volumes, buy and sell orders, and liquidity. Cryptocurrency market volatility is a crucial factor affecting MAGIC’s price, with sudden market movements often leading to significant price fluctuations. Cryptocurrency risks, security, and potential scams are also vital considerations that can impact investor sentiment and, subsequently, the price of MAGIC. It is crucial for potential investors to conduct thorough research, consider various cryptocurrency trading strategies, and manage their crypto portfolio effectively to navigate the risks and uncertainties in the cryptocurrency market.

In conclusion, determining the price of MAGIC involves analyzing a multitude of factors, ranging from market dynamics to external influences such as regulation and security concerns. Whether MAGIC is a good investment depends on individual investment goals, risk tolerance, and the evolving landscape of the cryptocurrency market. Cryptocurrency events, insights from cryptocurrency influencers, and the ongoing discourse among cryptocurrency enthusiasts play a pivotal role in shaping the perception and value of MAGIC in the ever-evolving crypto space.

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Current price:
All-time high:$4.16
All-time low:$0.2003

MAGIC supply and tokenomics

Circulating supply:-- MAGIC
Total supply:-- MAGIC
Max supply:0 MAGIC
Market cap:--
Fully diluted market cap:--
Tokenomics:

Uniqueness

MAGIC is the official currency of the Treasure ecosystem. It acts as a cross-metaverse currency that links together separate gaming communities. It was designed to become increasingly scarce over time as more players join the ecosystem.

You can earn and use MAGIC tokens in Bridgeworld, Treasure’s flagship game, and in Treasure’s twelve other games. You can also stake MAGIC tokens in the Atlas Mine in order to help govern the Treasure platform.

Treasure is a community-driven gaming project: small gaming communities are at the center of its ecosystem. Each smaller gaming community is “connected through lore, guilds, resources, and MAGIC.” These separate communities can trade NFTs and collaborate using MAGIC tokens. More established communities can, for instance, use MAGIC to help develop new or emerging projects.

Treasure integrates DeFi, NFTs and gaming into its ecosystem as three separate elements: there’s MAGIC, the cross-game digital currency; Treasures, which are in-game NFT items; and Legions, the platform’s in-game NFT characters. MAGIC tokens let you transform Treasure NFTs into productive assets, and Legions help you earn Treasure NFTS and mine MAGIC tokens.

Token utility

MAGIC is the native governance and utility token of Treasure.

Users stake MAGIC can participate in the governance of Treasure, including the token economy, the future development of the ecosystem, and the marketplace. The projects in Treasure Ecosystem all utilize MAGIC and share the same economic model of MAGIC. Meanwhile, the TreasureDAO uses MAGIC emissions to grow new projects and continue supporting existing ones.

Links

Buy Treasure for $1Buy MAGIC now

What is the development prospect and future value of MAGIC?

The market value of MAGIC currently stands at --, and its market ranking is #999999. The value of MAGIC is not widely recognized by the market. When the bull market comes, the market value of MAGIC may have great growth potential.

As a new type of currency with innovative technology and unique use cases, MAGIC has broad market potential and significant room for development. The distinctiveness and appeal of MAGIC may attract the interest of specific groups, thereby driving up its market value.

What will the price of MAGIC be in 2025?
Based on MAGIC's historical price performance prediction model, the price of MAGIC is projected to reach $0.7760 in 2025.
What will the price of MAGIC be in 2030?
In 2030, the MAGIC price is expected to change by -9.00%. By the end of 2030, the MAGIC price is projected to reach $1.19, with a cumulative ROI of +181.50%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of MAGIC and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is MAGIC worth investing or holding? How to buy MAGIC from a crypto exchange?

If you want to buy MAGIC, the following information may be helpful for your investment decisions:
In the last 7 days, the price of MAGIC has fallen by undefined%, leading to negative returns for most MAGIC investors. The market is currently pessimistic about the price trend of MAGIC.
It is important to note that the current price of MAGIC has retreated by -89.84% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether MAGIC is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in MAGIC or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of MAGIC, if you want to buy or sell MAGIC, you can consider Bitget for your trading needs. The best place to buy MAGIC is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Treasure has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Treasure. Here's a step-by-step guide on how to buy Treasure on Bitget.

How to get Treasure through other methods?

Using cash to buy Treasure is not the only way to obtain Treasure. If you have the time to spare, you can get Treasure for free.
Learn how to earn Treasure for free through the Learn2Earn promotion.
Earn free Treasure by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Treasure airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Treasure through Bitget Convert, Bitget Swap, or spot trading.

What is Treasure used for and how to use Treasure?

The use case of Treasure may expand as the crypto market and the project itself develop. Currently, you can use MAGIC to achieve the following goals:
Arbitrage by trading MAGIC: Since MAGIC is a frequently traded cryptocurrency, the price of MAGIC is always fluctuating. Earn more MAGIC by buying low and selling high on the exchange. Bitget spot market provides a variety of MAGIC trading pairs to fully meet your needs.
Earn by staking MAGIC: You can also generate income through financial management methods such as staking MAGIC or lending MAGIC. Bitget Earn offers a variety of financial products designed to help you earn more income from your MAGIC.
Send or pay MAGIC: If you want to give MAGIC to your friends, a charity, or a fundraiser, or you want to pay someone with MAGIC, you can quickly and easily send MAGIC to the recipient through their payment address.
You can also go to the official website of the Treasure project to learn more about the use cases of MAGIC. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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