GateLive AMA Recap - Magic Square

2024-02-04, 08:51

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![](https://gimg2.gateimg.com/image/article/1707033151blog.jpg)
## What problem does Magic Square solve for users and developers?

**Andrey Nayman(Founder & CEO of Magic Square):** 
Magic Square addresses key challenges in the Web3 space, focusing on user acquisition and engagement. For users, we offer a rewarding experience with incentives and a community-driven platform for discovering credible projects. For developers, we provide a risk-free, performance-based model, allowing free listing and campaign payments only upon successful user engagement.
## What benefits do users get from opening a Magic Store account (Magic Square’s Web3 App Store)?

**Andrey Nayman(Founder & CEO of Magic Square):** 
Andrey Nayman: Users earn Karma Points for their activity on the Magic Store, with a chance to share in a daily 10,000 $SQR Reward pool. They also benefit from "Hot Offer" campaigns, providing additional rewards. Our platform fosters active engagement with top-tier projects, ensuring a rich and rewarding user experience.
## What is the $SQR token and what its utility in the Magic Square ecosystem?

**Andrey Nayman(Founder & CEO of Magic Square):** 
The $SQR token is central to our ecosystem, offering premium membership benefits, opportunities in staking and launchpad events, and rewards for user activities. The token's utility underpins our platform's growth, and its integration into various functions showcases its importance in our ecosystem.
## What is the Premium Membership Program and what benefits does it give users? When is it launching?

**Andrey Nayman(Founder & CEO of Magic Square):** 
The Premium Membership Program, launching today, offers users exclusive benefits and additional earning opportunities within the Magic Square ecosystem. It's designed to enhance the user experience and provide more value through our platform.
## What are Magic Square’s staking and launchpad plans?
**Andrey Nayman(Founder & CEO of Magic Square):** 
We are excited about our upcoming in-house staking and launchpad, planned for release in the next 6-8 weeks. These features are aimed at providing seamless experiences for both users and developers, with community engagement and hassle-free processes for project launches.
<div class="blog-details-info">
<div>Author:** GateLive**, Gate.io Team
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
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