Magic Square Starts Beta Launch Waitlist Signups with Giveaway Campaign

Magic Square, a community-driven multi-chain crypto app store, has taken another step towards the launch of its platform with the opening of user signups for its upcoming beta launch waiting list.

According to the press release shared with Finance Magnates, the team behind the project is also luring potential users with the announcement of a giveaway campaign. It has issued a bounty campaign of up to $250,000 in rewards for participants.

Further, the campaign will grant all participants a free one-year Premium Magic Square membership and $SQR tokens to spend in the native store. “All participants receive free $SQR tokens to spend in the store on dApps and customizing their workspace,” the platform stated.

Also, the beta launch waitlist campaign participants can receive up to $1,000 in NFTs through the Magic Square NFT-drop campaign, along with higher stake rewards.

“Users who stake $SQR can either become validators or delegate their stake to validators. Both options will earn user rewards. Applying for a validator position requires staking Staking Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve Read this Term 50,000 $SQR and passing a qualification test to determine reliability. A validator will receive rewards for the validation process, including vetting every application submitted to the Magic Store,” the press release detailed.

Community Is Its Core

Magic Square is developing an app store by integrating community-vetted crypto apps, NFTs, DeFi solutions into Magic Store apps and GameFi. It will provide a Magic Framework for the development of crypto apps and widgets, and a community will curate the apps to be listed on Magic Store.

“Magic Square is a platform that appeals to all types of crypto enthusiasts dApp Dapp A dapp, or decentralized application, is a computer application that runs on a distributed network. Dapps are most commonly associated with the blockchain networks that support them, such as Ethereum.Because dapps are decentralized, they do not exist under the purview of a centralized custodian or authority. The original Ethereum white paper effectively splits dapps into three types. This includes apps that manage money, apps where money is involved (but also requires another piece), and apps d A dapp, or decentralized application, is a computer application that runs on a distributed network. Dapps are most commonly associated with the blockchain networks that support them, such as Ethereum.Because dapps are decentralized, they do not exist under the purview of a centralized custodian or authority. The original Ethereum white paper effectively splits dapps into three types. This includes apps that manage money, apps where money is involved (but also requires another piece), and apps d Read this Term users, developers, investors and traders. Accessing a one-stop-shop for dApps across any blockchain and earning $SQR rewards for checking out applications creates a very compelling reason to dive deeper into the crypto and blockchain ecosystem,” the company added.

“It removes the need to switch between a website and dApp, as you can access everything through the same trusted and streamlined user interface.”