Magic Square (NOT IDO)

About Magic Square (NOT IDO)

Any time a new industry emerges, it faces unique challenges. When it comes to the crypto app industry, its rapid growth and innovation are unintentionally creating a chaotic and cumbersome experience for both users and creators. Magic Square brings order, ease, and trust to the crypto app space so it can grow like a well-tended garden, not a turf of weeds. We achieve this by building a holistic solution that addresses the current pains of the two key stakeholders in the market: users and creators. <b>For users - </b> we’ve built the Magic Store, a true App Store for crypto apps governed by our community. Within the store, users will enjoy Magic Spaces, a personalized dashboard where they can access all of their crypto apps and track their app activity in one convenient place. <b>For creators - </b> we’re building Magic SDK, a platform that lets creators integrate a massive amount of functionalities such as SSI (Self-Sovereign Identity) for one-click login, payments subscription, in-app monetization, and out of the box staking solutions inside their crypto apps. Magic SDK boosts crypto apps with the power of the Magic Square Ecosystem. Since the App Store and Google Play launched in 2008, we live in a world run by apps. As of 2021, the average smartphone owner uses 10 apps per day and 30 apps per month. From social media to messaging, gaming to productivity, news to entertainment, health to leisure, and everything in between - there’s an app for almost any type of industry you can think of. But it doesn't stop there. Thanks to the emergence of blockchain technology, an entirely new industry of apps are being developed for the cryptocurrency market. Cryptocurrency-based apps - which we’ll refer to as “crypto apps” - are not merely a new app development trend. <b>These apps provide an essential utility that transforms the way we:</b> - Transact. - Build & manage wealth. - Borrow, lend & earn interest. - Store sensitive data. - Commodify digital assets (NFTs). - Game & more. As of 2021, the crypto user base reached 90+ million with nearly 70 million blockchain wallet users and over 80 different types of wallets. There are nearly 4,000 active cryptocurrency-based decentralized applications running across more than a dozen blockchain platforms, including Ethereum, Solana, BSC, and more. All that leads to the rapid development and adoption of crypto apps. <b>So what is causing pain in the crypto app industry:</b> <b>For users -</b> there is no one easy-to-use platform where they can discover and manage vetted crypto apps and enjoy a personalized experience. <b>For creators -</b> there is no multi-chain real crypto App Store and not just a directory with links that allow them to efficiently and economically monetize crypto apps and market them to users. Our vision is to develop the infrastructure that powers the growth and success of the crypto app ecosystem. We’re building the Magic Store, the first-ever DAO marketplace for crypto apps that relies on a community of users and developers for app quality control in order to filter out inappropriate apps and scams. Think of it like Apple’s App Store for crypto developers and users. Within the Magic Store, users have a personalized dashboard called Magic Spaces where they can seamlessly access all of their crypto apps in one space, easily and securely. In addition, users can centrally track all activity across their crypto apps and engage with the Magic Square Community. We’re also building the first multi-chain Software Development Kit that empowers creators to develop, validate, deploy, market and monetize their crypto apps. <b>In a few words, we would say that: </b> The Magic Store, Magic Spaces, and Magic Connect serve different functions for the three groups who use the platform: crypto application users (Users), crypto application developers (developers), and new community validators (Validators). Each of these groups plays a unique role in the Magic Store interface, with a unique set of actions and responsibilities. Users must enter the system and obtain a secure persona with their secure Magic Connect login credentials. developers must successfully deploy apps to be validated by the Validators, who vote on the new apps entering the ecosystem. The SQR token powers all aspects of the Magic Square ecosystem and allows for the seamless integration of users, developers, and validators. SQR can be used for various utilities within the ecosystem including governance, user access packages, app advertisement, and app referral rewards. SQR can also be traded on DEX and CEX for other currencies or fiat. <b>Governance -</b> In order to manage the Magic Store in the true spirit of Web3.0, without any intervention from the Magic Square team, we have implemented an on-chain voting model using Community Validators to fill the role of the Apple/Google engineers and determine which apps to feature: 1. Creators pay SQR tokens to the Validators who asses their dApp The Community. 2. Validators collectively decide which dApps should be featured on the Store. <b>Ad Space -</b> Creators and service providers who have at least one listed dApp or approved service can promote their services with Ad Space. Creators bid SQR tokens to win Ad Space. <b>Referrals - </b> Creators can initiate referral campaigns, inviting the Magic Community to refer their friends to use their dApp. In order to do this, the Creators will create a pool of SQR tokens to be distributed as referral rewards. The people behind Magic Square are first-class industry professionals, blockchain veterans, experienced software developers, and seasoned crypto enthusiasts. Our ultimate goal is to gradually influence a widespread organic shift to decentralized applications, cryptocurrencies, and Web3.0. <b>Andrey Nayman, Ph.D. - Co-Founder & CEO</b> Entrepreneur, Mathematician, Quant & Professional Investor, an early adopter of Crypto (2013), successfully led multiple technical ventures, former MD of Radical Ventures. Adamant Product Advocate. <b>Michael Landsberger - COO</b> A seasoned leader with vast experience managing large-scale international organizations in the finance and fintech industries. A true believer and promoter of Transformational Leadership and the ROWE method. <b>Matan Kelly - CFO</b> Expert in Treasury Management for Crypto & Fintech firms. CPA with years of experience managing international venture accounting. Deep specialization in the security of financial ecosystems. <b>Viktor Fish - VP R&D</b> Seasoned technical leader, Computer scientist & Platform developer. Deep knowledge and proven experience in the management of Complex Crypto Projects. Praised for his secret sauce and for creating winning products & technologies.