KuCoin AMA With Magic Square (SQR) — A Web3 Platform Enabling Seamless Project Identification

Dear KuCoin Users,

Time: April 16, 2024, 12:00 PM - 12:47 PM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session featuring the COO of Magic Square, Michael Landsberger, in the KuCoin Exchange Group.

Official Website: https://magic.store/

Whitepaper: https://magicsquare.gitbook.io/magic-square-litepaper

Follow Magic Square on Twitter, Telegram and Discord

Q: What is Magic Square?

Michael: Magic Square is a platform designed to solve key challenges in the Web3 space, particularly those related to user acquisition and engagement. It connects users with high-quality blockchain projects in a single, unified environment. This is achieved through community-driven validation, ensuring that only credible and high-quality projects are accessible to users.

Magic Square offers rewards for users that engage on the platform, and the more active the users are, the more $SQR they earn.

With the release of the Magic Launchpad next month, Magic Square is set to become the one-stop shop for growth—from discovering projects, to engaging and earning with them, and now also participating in community token sales.

Q: Who are Magic Square’s investors?

Michael: Magic Square is backed by leading investors in the Web3 space such as Binance Labs, KuCoin Labs, Republic Capital, Crypto.com Capital, Emurgo, and other tier1 investors and KOLs.

Q: How can users benefit from Magic Square?

Michael: Users benefit from Magic Square in several ways:

Quality Engagement: Users can discover and engage with vetted, high-quality projects, which have been approved by a community-driven validation process.

Rewards: By participating in various activities such as project reviews or referrals, users earn rewards in $SQR, the platform’s native token. You may check it here.

Reliability: The validation system helps ensure that all projects on Magic Square meet a high standard of credibility and quality.

Staking Rewards: Users can stake their $SQR tokens to earn up to 20% APR. Staking also accrues SQRp Points, which will grant them allocations in the launchpad projects starting from next month.

Additional Incentives: Through features like Hot Offers and the Karma System, users can earn additional rewards, which enhances the overall engagement and enjoyment on the platform.

Q: How to become a Magic Store User?

Michael: Here are the steps to become a user of the Magic Store:

Open an Account: Register for free on the Magic Square platform.

Complete Your Profile: Add an EVM-compatible wallet, choose a username, and provide your email address.

Earn Karma Points: Stay active on the Magic Store by engaging with projects and participating in the community. You may refer here.

Participate in Hot Offers: Join Hot Offer campaigns to earn extra rewards.

Upgrade Your Account: Enhance your experience and earning potential by upgrading to Plus, Premium, or Premium Plus levels. You may refer to this link.

Claim Your Rewards: Collect your $SQR rewards that you've earned through your activities on the platform.

Q: What are Hot Offers?

Michael: Hot Offer campaigns are exclusive campaigns for projects listed in the Magic Store, where users can participate to earn rewards. These campaigns can involve simple tasks like playing games, opening wallets, and completing social media tasks, or more advanced DeFi tasks which offer bigger rewards. This variety ensures that all types of users can find activities suited to their skills and interests, making it a highly engaging part of the Magic Square experience.

Q: Where can we find information about the SQR token utility and tokenomics?

Michael: You can find the full information about the SQR token utility and its tokenomics at the following links:

1. Tokenomics of SQR Token
2. The SQR Utility Token by Magic Square

Q: Does Magic Square offer any staking options?

Michael: Yes, there is SQR staking available with up to 20% APR. It's important to stake because when you stake, you earn SQRp Points, which will give users allocations in the Magic Launchpad being released next month. https://staking.magic.store/

Q: Why should we join the Magic Square community?

Michael: Joining the Magic Square community offers several big benefits:

Discover New Apps and Games: You will find the best new apps and games in Web3, all chosen and validated by our community.

Engage and Earn: Engage with these projects and earn rewards while doing so, enhancing both the fun and profitability of your interactions.

Participate in Token Sales and Airdrops: Get exclusive access to community token sales and airdrop campaigns, offering significant potential gains.

Shape the Future of Web3: By being part of Magic Square, you contribute to a company that is at the forefront of shaping the future of the Web3 ecosystem.

Don't miss out! Join here for free.

Q: Can you provide us with tutorial videos to gain a better understanding of your project? Do you have a YouTube channel where we can find them?

Michael: You can access a comprehensive tutorial guide and videos on our YouTube channel at LwV, and find additional resources on our Gitbook.

Q: What are the different tiers of Magic Memberships, and how do they unlock various rewards and privileges for SQR token holders?

Michael: As a Premium Magic Member, you gain access to incredible benefits, most importantly larger rewards and more substantial launchpad allocations. The program is now live, and you can find the full details here.

Q: Are SQRp Points convertible to SQR? What are the other utilities of SQRp?

Michael: In order to participate in the Magic Launchpad, you will need to have SQRp Points. You get SQRp Points by staking SQR Tokens. In the future, you will also be able to trade SQRp in our Marketplace and sell it to other users for USDT or SQR. You can find more info here.

Q: How does the Magic Karma system work, and what are the different ways users can earn Karma points on the platform?

Michael: Magic Karma is a points system that measures how active you are on the Magic Store. The more active you are, the more Karma points you earn. Every day, we distribute 10,000 $SQR between the Magic Store users according to how many Karma points they earned on that day. Some users earn between 25-50 $SQR every day and some days even more than 100 $SQR! More info can be found here.

Q: Can you share your social media links so we can keep ourselves updated?

Michael: You can find a complete list of Magic Square Socials at this link. Our community managers are eager to assist you throughout your journey to ensure the best possible Magic Square experience and to help you maximize your earnings!

🎁 Participate in the Magic Square AMA quiz now for a chance to win $10 in SQR!

The form will remain open for five days from publishing this AMA recap.

KuCoin and Magic Square have prepared a total of $2,000 in SQR to give away to AMA participants.

1. Pre-AMA activity: $800 in SQR

2. Free-ask section: $50 in SQR

3. Flash mini-game: $400 in SQR

4. Post-AMA quiz: $750 in SQR

Sign up for a KuCoin account if you haven’t done so yet, and ensure you complete your KYC verification to be eligible for the rewards.

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