The popularity of Web 2.0 hasn't been much the same if they hadn't come up with 'Play Store Concept' where they park all their apps. Web 3.0 is still developing and advancing gradually and one step that it needs more than anything else is surely 'It needs to distinguish itself from Web 2.0'.
Currently most of Web 3.0 apps are also deployed on the same platforms where Web 2.0 apps are parked. But this trend may soon be ever as Magic Square has come up with Magic Store that would provide a parking space specific to Web 3.0 Apps.
Magic Store is much similar to Google's and Apple's play stores, albeit with a shift from Web 2.0 to Web 3.0.
What is Magic Store?
A web 3 app store that allows you to discover, engage and explore web 3 apps and games. All these apps are community vetted and approved by the users in a decentralized manner. Users can vote review apps so as to influence the trust score for any app.
How Magic Store is Different?
First of all, Magic Store is a web 3 platform so it works on the principle of Web 3.0. which is 'the democratization of Internet' or the power lies in the hands of users. Decentralization is the core essence at Magic Store and every app and game gets successful if users rank it higher.
- Magic Store has a unique Magic ID where users can bind their information such as login via web 3 wallet or social media accounts. It also allows you attach your Bitcoin passport which is a truly decentralized way of logging into a web 3 ecosystem.
- A huge difference from Web 2.0 is the reward system that Magic Store has. At Magic Store users can earn Karma and rewards in the form of SQR token unlike web2 play stores where you get nothing to review or engage.
- Additionally users can earn by engaging with 'Hot Offers' which are exclusive to Magic Store ecosystem. These offers range from giveaways to rewards sharing options for new web products.
What is SQR Token?
SQR is the utility token of Magic Square ecosystem for decentralized, community-driven environment on the BNB Chain. It fuels interactions within Magic Store that is a web 3 discovery and engagement platform. As the lifeblood of Magic Square ecosystem, SQR provides users with access to a wide range of applications and games, allows participation in exclusive offers, rewards, and promotions, and serves as the currency for 'contribute-to-earn' model.
You can find all the Tokenomics for SQR Token in the image below. What I personally liked is their lock up of funds for specific periods.
How to Earn SQR Token?
All users can earn SQR Token by contributing on the Magic Store. Users can contribute by voting on new projects and in return they get rewarded.
Additionally you can earn SQR Token by inviting your friends on the Magic Store.
Here's my affiliate link 🔗 https://magic.store/ref/SvdzLEg91dDEwnj3zCu7jK
Currently you can also earn as an early adopter of Magic Square ecosystem in the form of Magic Boost where developers and users can get additional rewards in the form of SQR Token.
You can also watch this video to know more on how to earn SQR Tokens.
Where to Buy SQR Token?
Currently SQR Token is listed on Bybit and its performing quite well there. It was launched with the price of $0.02 and it reached almost as high as $1.09. Now it's trading at $0.75.
You can also buy it on Pancakeswap.
The Future Projection for SQR Token
As the popularity and use of Web 3 is poised to increase, we will surely see a rise in the alternatives for web 2 infrastructure. Magic Store is surely a place which can replace the 'play stores of today' with a decentralized one. If it even does that partially, it will be very much successful and will prove to be a pioneer to do so.
As with the SQR Token, the supply will be released step by step and with a very systematic progress and limitations of lock up on every step. The price will rise higher. What I can project is that a $10 price at the height of bull run for SQR is a no objection. It may very well be more that this but not less. However that's just a prediction DYOR before investing.
Conclusion
If you are someone who believes that web 3 will some day replace the web 2 architecture for internet, Magic Store and SQR Token are definitely for you. I personally like the web 3 notion and want to get ready before this area is explored and implodes.
To support and connect with me on the Magic Store Web 3 Ecosystem, kindly click on the link.
🔗Magic.store
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