Magic Square SQRPrice $ 0.00121

Magic Square is a unified, integrated, interoperable space for users to discover and experience community-vetted crypto apps, and for crypto app developers to market and monetize their best applications. 

Magic Square is a multifaceted system that covers all the UX bases: The Magic Store guides users to discover the highest quality crypto apps with built-in integrated DeFi. Users sign in to all of their apps with one SSIsecured Magic Connect leading to their personalized Magic Spaces: where crypto-app experiences begin and end. Users and developers discuss and collaborate in a dedicated Magic Community space. The whitepaper you are about to read is a technical product description. Please see our Lite Paper for a comprehensive overview of the project. 

Interface

The Magic Square interface includes three main components: The Magic Store, Magic Spaces, and Magic Connect. Each of these serves a di!erent function 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. 

Token Utility

• Governance - 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.

• Ad Space - 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.

• Referrals - 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.