Almost all processes within the Magic Store and Magic Spaces are governed by our community, so we developed an easy-to-use internal communication platform. Here our community can vote, interact with the app groups, participate in Magic Square challenges, and message P2P.
Vote and validate new and emerging apps as a standard validator, or apply to become a qualified validator and earn more SQR for your efforts. All Magic Square validation processes are executed on-chain and within the Community Zone.
Fostering Community Around Apps
Participate in app-centered conversations
Ask questions, address issues, pose ideas for peer users and app creators
P2P communication and currency swaps
To encourage community involvement, Magic Square has allocated a portion of the SQR token supply to distribute as prizes for daily, weekly, and monthly challenges.
Users function within the community according to their Magic Karma score. A higher Karma translates to more community trust and more opportunities for large financial gains.
The Magic Square (SQR) token, based on the Solana Blockchain, is the primary unit that powers the Magic Square Ecosystem.
There are three types of members of the Magic Square Ecosystem:
Stake 150 SQR
Unlimited app downloads to Spaces
**The first 20,000 registered users receive lifetime unlimited downloads to Spaces without staking any tokens.
Stake 500 SQR
Use to Earn Referral Rewards Karma Score
Stake 1000 SQR Karma Score > 5000
25% boost of daily rating Early access to all events, exclusive contests, etc.
Stake 5k SQR
Nominated by qualified validators, pass qualification test
Up to 100
Up to 500
One nominee per qualified validator
80% of validator funds
20% of validator funds
Negotiated between qualified validator and nominee
Magic Square/app Creator
who pay with SQR tokens receive a discount of up to 20%
Creators can add integrated DeFi services within their apps. Creators choose from a list of pre-integrated Magic Square DeFi services that support the app’s native token or NFT. Revenue sharing is based on the commercial terms of each DeFi provider