Magic Square, a platform associated with Binance Labs, has launched an IDO platform ‘Magic Launchpad’ that aims to revolutionize Web3 investment for investors. The platform, Magic Launchpad, is designed for users who have a limited budget with the help of unique allocation strategies that put stress on user activity and ecosystem contribution rather than new capital.
Magic Launchpad users can hold their Magic Square (SQR) tokens in a staking facility to earn SQR tokens that determine the proration size for the investment rounds. The reward mechanism before the launch of every project within the community is via the Road-to-IDO campaign and it takes into account the users’ activity on social media platforms.
According to Michael Landsberger, the COO of Magic Square, the platform offers more than just financial support. Post-IDO systems and strategies, which include community-building, are of great essence in their business to have the best chance of the project’s success.
Magic Square, an app store developed for Web3 that includes the entire ecosystem, has reached over 400 individual contributions, portfolios, and established projects. Magic Square has 5 million registered users and 1,300 applications achieving organic growth and quality partnerships.
Also read: Magic Square Purchases TruePNL in Cash Acquisition
