What Is MAGIC (MAGIC)?

MAGIC (MAGIC) is an essential resource of the Treasure metaverse. Treasure is a decentralized NFT ecosystem built for metaverse projects. Treasure is governed by DAO (Decentralized Autonomous Organization).According to its whitepaper, the platform is powered by non-fungible tokens (NFTs) that divert imagination into productive and yield-bearing assets. The protocol is prepared to be increasingly inadequate as it threads an ever-growing web of narrative bridges within the metaverse. The Treasure protocol aims to permit communities to bootstrap new and decentralized metaverses. Bootstrapping is launching and operating a business employing personal finances or operational revenue. In addition, the platform also aims to expand Treasure metaverse and bridge partner ecosystems.

Further, MAGIC is the native token of the Treasure platform. The token is utilized to manage the Treasure ecosystem activities. The token is the only currency for marketplace trades. MAGIC is also the reserve currency for the entire web of metaverses linked under the Treasure. The players in the ecosystem tend to earn MAGIC tokens through playing, mining, and participating in Bridgeworld. Bridgeworld is a central metaverse location in Treasure. The MAGIC token is employed in staking or Liquidity Pool that regularly works, leaving fewer tokens in circulation.

History of MAGIC (MAGIC)

John Patten and Gaarp are the co-founders of the MAGIC ecosystem. John Patten is also a creative advisor of the platform. The total supply of the token is 178,029,559 MAGIC tokens.