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Treasure Stock

Treasure

MAGIC

Price

0.12
Today +/-
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Treasure Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BinanceMAGIC/USDT0.1886,989.82100,431.853.59 M0.45cex5527/9/2025, 6:23 AM
BiKingMAGIC/USDT0.1720,588.6519,459.4753.44 M2.76cex37/9/2025, 6:21 AM
ToobitMAGIC/USDT0.17183,116.21225,578.5440.58 M2.4cex5017/9/2025, 6:21 AM
MEXCMAGIC/USDT0.1885,840.4987,673.6632.26 M1.22cex5217/9/2025, 6:18 AM
BtcTurk | KriptoMAGIC/TRY0.1736,754.94156,025.6729.15 M16.68cex3847/9/2025, 6:23 AM
LBankMAGIC/USDT0.1755,381.5238,959.9125.68 M1.3cex4407/9/2025, 6:21 AM
BinanceMAGIC/TRY0.1844,085.8547,682.1418.69 M0.16cex511.637/9/2025, 6:23 AM
Binance TRMAGIC/TRY0.179,628.395,447.4817.47 M7.3cex1947/9/2025, 6:21 AM
GateMAGIC/USDT0.1884,405.3278,936.1214.61 M0.58cex4947/9/2025, 6:23 AM
OKXMAGIC/USDT0.1745,509.6967,758.212.54 M0.82cex4917/9/2025, 6:23 AM
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Treasure FAQ

What is Treasure (MAGIC)?

Treasure is a decentralized gaming platform established in 2021. It serves as a foundational layer for the next generation of games, utilizing its native token, $MAGIC. Treasure operates as both a gaming network and a blockchain, built on the ZK Stack by ZKsync, which is one of Ethereum’s Layer 2 scaling solutions. Treasure hosts over 10 games, including notable titles such as The Beacon, Wanderers, Zeeverse, among others. The token was introduced in September 2021, enabling its community to buy and sell in-game NFTs on Treasure. Additionally, it functions as a reserve currency within Treasure’s metaverse. You can find more information on Eulerpool.

### Who Founded Treasure?

Treasure was founded by two co-founders: John Patten and Karel Vuong. Treasure and $MAGIC are managed by a decentralized autonomous organization (DAO), comprising over 30 core community contributors. The DAO's team consists of skilled developers, product managers, economists, creative marketers, artists, and many passionate gamers.

What Distinguishes Magic (MAGIC)?

MAGIC serves as the native token powering Treasure's "decentralized game console," functioning as a utility token that integrates its metaverse of games and decentralized infrastructure. Currently, MAGIC serves several roles, including: - Acting as the unit of account on Treasure’s native NFT marketplace and the base pair within its Automated Market Maker (AMM). - Serving as the native staking token for the data availability layer across Treasure’s Infinity Chains blockchain network. - Functioning as the governance token for the network of chains, allowing holders to vote on core emissions policy and protocol upgrades. - Operating as a cross-game currency that links games, players, metaverses, and communities within Web 3.0. MAGIC is the official currency within the Treasure ecosystem, acting as a cross-metaverse currency that unifies distinct gaming communities. It is designed to become increasingly scarce as more participants join the ecosystem. MAGIC tokens can be earned and utilized across Treasure's games. Users can also stake MAGIC tokens in platforms such as Magicswap, Sushi, and within games to assist in governing the Treasure platform and engaging with the ecosystem. Treasure is a community-driven gaming project that began as a fair launch, focusing on small gaming communities at its core. Each community is interconnected through lore, guilds, resources, and MAGIC. These distinct communities are able to trade NFTs and collaborate using MAGIC tokens. For example, more established communities can leverage MAGIC to foster the development of new or emerging projects.

What is the Current Circulation of Magic (MAGIC) Coins?

$MAGIC is an ERC-20 token with a maximum supply of 347,714,007 coins. This deflationary token allows its holders to participate in governance decisions within the Treasure ecosystem. The initial distribution of MAGIC was allocated as follows: - Community: 33% - Mining: 25% - Liquidity: 17% - Ecosystem Fund: 15% - Contributors: 10% As of November 2024, the circulating supply of MAGIC stands at 273,210,922 out of the total 347,714,007, which represents 79%.

How Is the Treasure Network Secured?

Treasure and MAGIC are developed on ZKsync's ZK Stack, a layer-2 scaling solution that operates on the Ethereum blockchain. Consequently, MAGIC is secured by Ethereum’s Layer-1 proof-of-stake (PoS) consensus mechanism. For more details, you can refer to Eulerpool.

Where can you purchase Magic (MAGIC)?

As of November 2024, MAGIC is listed on Binance, Coinbase Exchange, Uniswap (V2) and Uniswap (V3), SushiSwap, Gate.io, OKX, Huobi, Bybit, Bitget, MEXC, LBank, CoinEx, BitMart, BTCEX, and BitForex. Want to keep track of MAGIC prices live? Download the Eulerpool mobile app. What are the top NFT games? Find out with Eulerpool Alexandria.

Investors interested in Treasure are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.