The Binance-backed Web3 platform Magic Square has now launched a new Initial DEX Offering (IDO) platform called Magic Launchpad. This will help with funding and the expansion of the Magic Square ecosystem, as reported to Finbold on May 20.
The Magic Square team ensures that projects on Magic Launchpad, a flexible multi-chain platform, adhere to high standards by implementing a thorough application procedure.
Magic Launchpad ensures that initiatives of any size or stage may participate by emphasizing openness and giving equitable access to financing possibilities.
Magic Launchpad provides a range of IDO formats, allowing the community extensive access to the most recent Web3 advancements.
One way users may influence the amount of their allocation for certain project launches is by staking SQR tokens, which will earn them SQRp points.
Investors may choose from a variety of participation choices at IDOs since some are arranged as private rounds or whitelist events.
The Magic Launchpad’s Road-to-IDO campaign is notable since it comes before each IDO.
Participation in the project’s community and platform activities leading up to its debut on Magic Launchpad may win users token prizes via this programmed.
The first IDO on Magic Launchpad will be for Storm Trade, a state-of-the-art perpetual decentralized exchange (DEX) built on the TON blockchain.
Ton Ventures backs Storm Trade, which offers Telegram integration and trading with up to 50x leverage in many markets.
Storm Trade is donating 500,000 STORM tokens (around 0.05% of the total supply) to the Road-to-IDO Campaign in honor of Magic Launchpad’s debut and the impending introduction of the STORM Token.
Along with strong decentralization, Storm Trade offers a user-friendly interface, social-fi features, and liquidity pools that produce a high rate of return.
By introducing Magic Launchpad, Magic Square is about to revolutionize the way young Web3 projects raise funds, creating a community that is both welcoming and active.
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