TreasureDAO is a gaming infrastructure and ecosystem project on Arbitrum. It has products like Bridgeworld, Trove and Magic Swap.
MAGIC is the native token of the project. The current use cases for MAGIC include:
Native currency: MAGIC is the default currency on Trove Marketplace.
Staking: MAGIC holders receive staking rewards through the initial allocation of MAGIC and from protocol revenues like NFT Marketplace.
Governance: holders can stake MAGIC as collateral to propose and vote on grants.
Gameplay: MAGIC is used within the TreasureDAO ecosystem games, including Bridgeworld, Battlefly, Peek-a-Boo, Toadstoolz, etc.
The project consists of the following major components working in conjunction:
Bridgeworld: A GameFi social coordination strategy game built around the collection of resources (NFTs) to accumulate MAGIC.
Trove: the largest NFT marketplace on Arbitrum.
Magic Swap: An Auto Market Maker (AMM) for gaming tokens with MAGIC as the base pairs.
Third-party games: the ecosystem has popular games like The Beacon. TreasureDAO will be offering a Proof of Play system that aggregates the gaming achievements and quests.
As at Dec 12th 2022, the total token supply of MAGIC is 339,645,510. The current circulating supply is 177,181,782 (~52.17% of total supply).
Learn more about the token distribution of MAGIC here.
A Gaming Infrastructure and Ecosystem Project on Arbitrum.
Dec 12th, 2022