Decentralized Finance – Explained
DeFi, or decentralized finance, is an incredible innovation that is sweeping the financial scene by storm.
Magic Square is pleased to announce users can now sign up for the waiting list for its upcoming beta launch. To celebrate the milestone, the team issued a bounty campaign with up to $250,000 in rewards for participants. In addition, the campaign will grant all participants a free one-year Premium Magic Square membership and $SQR tokens to spend in the native store.
Magic Square pulls out all the stops to commemorate its Beta launch waitlist campaign. Becoming the world’s first community-driven multi-chain crypto app store is a significant milestone for the team and the broader cryptocurrency community. A platform like Magic Square has never been attempted before and can introduce millions of people to the world of dApps.
The Beta launch waitlist campaign for Magic Square comes with a significant prize pool and free goodies for everyone who participates. All participants receive free $SQR tokens to spend in the store on dApps and customizing their workspace. Additionally, everyone gets a free one-year Premium Magic Square membership.
The other benefits of signing up for the Magic Square beta launch waiting list include:
Users who stake $SQR can either become validators or delegate their stake to validators. Both options will earn user rewards. Applying for a validator position requires staking 50,000 $SQR and passing a qualification test to determine reliability. A validator will receive rewards for the validation process, including vetting every application submitted to the Magic Store.
Magic Square is a platform that appeals to all types of crypto enthusiasts dApp users, developers, investors, and traders. Accessing a one-stop-shop for dApps across any blockchain and earning $SQR rewards for checking out applications creates a very compelling reason to dive deeper into the crypto and blockchain ecosystem.
The Magic Square ecosystem facilitates the rapid development and deployment of dApps to a growing community of developers. The Magic SDK also lets developers implement valuable services into their dApps. In addition, it is compatible with most common programming languages, removing the need to learn a new language from scratch.
Anyone can personalize their user experience through the Magic Spaces feature while interfacing with the Magic Store. Moreover, it removes the need to switch between a website and dApp, as you can access everything through the same trusted and streamlined user interface.
Stay tuned here on the blog and on social media for more beta updates, Magic Square feature overviews, and more.