MAGIC
Magic
MAGIC

Magic price

in USD
$0.21792
-$0.00793 (-3.52%)
USD
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Market cap
$68.97M
Circulating supply
315.47M / --
All-time high
$6.4920
24h volume
$86.42M
2.9 / 5
MAGICMAGIC
USDUSD

About Magic

MAGIC is the native cryptocurrency of a unique digital ecosystem designed to power decentralized gaming and virtual worlds. At its core, MAGIC serves as the backbone for a network of blockchain-based games and metaverse projects, enabling users to trade, earn, and interact seamlessly within these virtual environments. By leveraging blockchain technology, MAGIC ensures transparency, security, and true ownership of in-game assets, giving players and creators more control over their digital experiences. Whether you're a gamer, a developer, or simply curious about the future of virtual economies, MAGIC plays a key role in bridging the gap between entertainment and blockchain innovation. Its growing ecosystem highlights the potential of decentralized technology to reshape how we engage with digital worlds.
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Last audit: 3 June 2021, (UTC+8)

Magic’s price performance

Past year
-29.44%
$0.31
3 months
+11.46%
$0.20
30 days
+39.29%
$0.16
7 days
+47.09%
$0.15
53%
Buying
Updated hourly.
More people are buying MAGIC than selling on OKX
Buy Magic

Magic on socials

rich 🥦
rich 🥦
Burned a Female Smol for this Gem (RIP)... $Magic
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Brov🍌🦍
Brov🍌🦍
sorry, not sorry. but is @MagicEden airdrop and claim process the worst in history of airdrops. i really dont get it what we need to do and what is rewarded. i use ME, still have $me allocation mobile wallet, but somehow not setup correctly to check for szn2. i give up.
814
1
AiCoin中文
AiCoin中文
SEC Liquidity Staking Regulatory Storm 💥 The SEC's "employee statement" has classified liquidity staking under the federal securities law, directly igniting a regulatory storm. The traditional finance sector is calling it "Lehman 2.0⚠️", while the crypto industry angrily denounces it as "misleading + ignorant", with even SEC commissioners coming out to refute it. This is not just a policy dispute, but a direct confrontation between regulation and innovation. For the full text, see: 📍 Former SEC staff Amanda Fischer was the first to strike: "Liquidity staking = Rehypothecation = High-risk structure before Lehman's collapse"💣 She listed four major risks: ▪ Multiple staking with leverage ▪ Intermediary failure could trigger a run ▪ Unstaking delays (ETH can take up to 11 days) ▪ No regulatory safety net, systemic fragility Conclusion: The SEC is tacitly allowing risks! 😡 The industry exploded: VanEck, Helius, Magic Eden, and others all spoke out— 🧾 "On-chain transparency does not equal black box finance" ⚠️ "Forcing traditional models onto DeFi logic is a misreading and a misdirection" Their consensus is that the regulatory perspective is misguided. 💥 Surprisingly, even within the SEC, there is dissent. Commissioner Crenshaw rarely spoke out to refute: 🔹 The statement is merely an employee opinion and has no legal effect 🔹 Many assumptions have not been verified (notes n.11, n.18, n.24) 🔹 No clear standards were provided, instead creating more confusion She also warned users: "Don't blindly follow, stay vigilant."🚨 🔍 The focus is not actually on "staking risks", but rather: ❗ Are regulators still using "2008 thinking" to deal with "new on-chain species"? 💡 Fischer is concerned about uncontrolled risks 💡 The industry believes protocols have built-in mitigation mechanisms 💡 SEC insiders doubt that this logic holds water 📌 This is the reality: Regulators fear stepping on landmines and systemic risks; the industry fears wrongful deaths and misinterpretation of innovation; what we see is a regulatory system stuck in an old paradigm. 🔮 Conclusion: Liquidity staking is no longer a technical issue, but a litmus test for regulation. Will they continue to apply old logic, or will they attempt to understand on-chain structures? How U.S. policy evolves may determine the tone for the next regulatory cycle. Welcome to discuss👇 Which side are you on?
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Magic FAQ

Currently, one Magic is worth $0.21792. For answers and insight into Magic's price action, you're in the right place. Explore the latest Magic charts and trade responsibly with OKX.
Cryptocurrencies, such as Magic, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Magic have been created as well.
Check out our Magic price prediction page to forecast future prices and determine your price targets.

Dive deeper into Magic

Web3 is shaping the future of the internet, and the metaverse stands out within this landscape. Among the beneficiaries of the metaverse's transformative potential is the gaming sector. Yet, while metaverse ecosystems, games, and decentralized apps (dApp) offer unique experiences, they often lack seamless integration. Addressing this challenge, Treasure introduces MAGIC, a solution designed to enhance connectivity across gaming communities within its metaverse ecosystem.

What is MAGIC

MAGIC is the token that powers the Treasure metaverse. Originally launched on the Ethereum blockchain in August 2021, Treasure later transitioned the protocol to the Arbitrum chain in October of the same year. This strategic move has solidified Treasure's position as a prominent decentralized game publisher within the Arbitrum network. Across the Treasure platform, every listed project or game operates through MAGIC tokens, fostering seamless interactions among games, players, metaverses, and Web3 communities.

Beyond its role as a currency within the Web3 ecosystem, MAGIC offers a robust software development kit (SDK) that simplifies the construction and deployment of Web3 applications for developers. This SDK enhances both efficiency and user-friendliness, contributing to the growth and accessibility of the Web3 landscape.

The MAGIC team

In August 2021, John Patten launched MAGIC alongside a team of skilled creatives and technology experts. The project's co-founders, John Patten and Karel Vuong, spearheaded its inception. Currently, MAGIC operates under the governance of a decentralized autonomous organization (DAO) comprising more than 30 community contributors.

How does MAGIC work 

An integral component of the MAGIC ecosystem is MagicSwap. MagicSwap facilitates the exchange of MAGIC tokens for other digital assets utilized in various Web3 games. By utilizing MagicSwap, users can access multiple games without the need to individually purchase or trade for in-game assets. 

Another component is Bridgeworld, the central metaverse. Bridgeworld serves as a focal point for connecting and accessing other metaverses. 

Additionally, there exists Trove, a specialized non-fungible token (NFT) marketplace that operates on the Arbitrum chain. It is in Trove where MAGIC holders, collectors, and game players converge to engage to buy and sell gamified NFTs. These NFTs, known as Treasures, act as valuable resources that enhance gameplay and assist in completing quests across different games within the MAGIC world.

The utility token of Magic: MAGIC

MAGIC serves as the utility token within the Magic protocol, functioning as the primary currency. Beyond that, MAGIC connects different metaverse platforms, acting as a seamless bridge between them. Furthermore, MAGIC takes on a foundational governance role within the Treasure network, empowering MAGIC token holders with voting rights in crucial decision-making processes that mold the platform's trajectory.

MAGIC tokenomics

MAGIC is an ERC-20 standard asset created with a maximum supply of 347,714,007 tokens. The tokens are distributed among gamers, miners, network stakers, the treasury, and the development team. MAGIC is a deflationary asset, meaning the total supply of MAGIC reduces as more tokens are burnt.

MAGIC use cases 

MAGIC has an array of applications, encompassing enabling in-game characters to embark on quests and craft new items, paying network fees, acquiring NFTs, and procuring in-game assets. Its role extends to being the reserve currency within the Treasure ecosystem, while also serving as a bridge to connect diverse metaverse platforms.

MAGIC distribution

MAGIC launched in 2021 with the following distribution:

  • 33 percent: Treasure Farm
  • 25 percent: Mining rewards
  • 17 percent: Staking and liquidity
  • 15 percent: MAGIC ecosystem fund
  • 10 percent: MAGIC team

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$68.97M
Circulating supply
315.47M / --
All-time high
$6.4920
24h volume
$86.42M
2.9 / 5
MAGICMAGIC
USDUSD
Easily buy Magic with your AUD