Magic Square Price

(SQR)
USD($)
Magic Square (SQR) Live Price Chart

Magic Square Live Price Data

The live price of Magic Square is $0.3224, with a total trading volume of $ 318,257 in the last 24 hours. The price of Magic Square changed by -4.13% in the past day, and its USD value has decreased by -9.3% over the last week. With a circulating supply of 38,587,468 SQR, the market cap of Magic Square is currently 12.76M USD, marking a --% increase today. Magic Square currently ranks #-- in market cap.
How do you feel about Magic Square today?
Note: This data is for reference only.
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Magic Square(SQR) Profile

altRank--
rate--
Expand
Explorer
Contract
BNB Smart Chain (BEP20) 0x2B7286...1f8
Audited By
--
Code & Community
Investors
--
$0.3223
$0.3415
$0.7822
-0.21%
-4.13%
-9.30%
$12.76M 
$563,127 
38,587,468
--

About SQR

How can I buy Magic Square (SQR)?

Buying SQR on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Magic Square (SQR) for more information.

What Is Magic Square (SQR) Crypto?

Magic Square (SQR) is presented as an immersive Discovery & Engagement Platform tailored for the Web3 Crypto Ecosystem. It aims to empower users by enabling them to explore a wide range of community-vetted applications and games. The platform encourages users to discover rewards, giveaways, and unlock use-to-earn opportunities.

At its core, Magic Square leverages its native utility token, SQR, which is hosted on the BNB Smart Chain. This setup underlines the platform's commitment to fostering a vibrant ecosystem around decentralized applications (dApps) by promoting accessibility, engagement, and incentivization mechanisms​.

How Does Magic Square Work?

Magic Square operates through a unique ecosystem with several key components designed to enhance user engagement and incentivize participation in the Web3 space. Here's a breakdown of how it works:

Magic Store

This is the gateway for users to explore and discover community-approved apps. It serves as a curated marketplace where applications are thoroughly vetted before being made available to users. This vetting process ensures quality and trustworthiness, making it easier for users to find reliable applications.

Magic Community

A vital component, the Magic Community fosters engagement and interaction among users. It allows participants to review, discuss, and provide feedback on various apps within the ecosystem. This community-driven approach ensures that only the best and most useful applications rise to prominence.

Magic ID

Serving as a single sign-on (SSO) solution, Magic ID simplifies the user experience by providing a unified access point to all apps within the Magic Store. This not only enhances security but also ensures a seamless transition between different applications.

Magic Wallet

The Magic Wallet is integrated into the ecosystem as an essential tool for managing digital assets. It enables users to securely store, manage, and transact with their cryptocurrencies and tokens, including the native SQR token.

SQR Token

The backbone of the Magic Square ecosystem, the SQR token is utilized for various purposes, including accessing premium features, participating in governance, and receiving rewards. It incentivizes users to engage with the platform and contributes to the overall utility and value of the ecosystem.

History of Magic Square and SQR Coin

Magic Square's journey began in the second quarter of 2021 with its project kickoff, which was self-funded. During this initial phase, the team focused on expanding and refining their Lite paper.

The project continued to develop through the latter half of 2021 and into 2022, with key milestones including the development of the Magic Store's user experience and architecture and the initial drafts of their whitepaper. By the first quarter of 2023, Magic Square was ready for its public launch with its public beta release.

How to Use SQR Token

The SQR token plays a central role within the Magic Square ecosystem, serving multiple purposes to enhance user engagement, provide utility, and facilitate governance. Here's how the SQR token is used:

Participate in Magic Square’s Governance

SQR token holders can participate in the governance of the Magic Square platform. This includes voting on which apps should be featured on the Magic Store, using a community validator system where creators pay SQR tokens to validators who collectively decide on app listings.

User Access Packages

To unlock the full potential of the Magic Store, users need to stake SQR tokens. There are different staking tiers available, offering benefits like unlimited downloads, use-to-earn opportunities, referral rewards, and an increase in karma score.

App Advertisement and Referral Rewards

Creators can use SQR tokens to bid for advertisement space within the Magic Square ecosystem. Additionally, they can create referral campaigns, inviting the Magic Community to refer their friends to use their dApps. A pool of SQR tokens is distributed as referral rewards to encourage participation.

Trading

SQR tokens can be traded on decentralized exchanges (DEX) and centralized exchanges (CEX) for other currencies or fiat currencies, making them a liquid asset in the cryptocurrency market. Trade Magic Square token on the KuCoin Spot Market after DYOR to make the most of changing market conditions and volatility.

Integration and Rewards

The token is integrated into various functionalities within Magic Square, such as Google SSO login, email passwordless login, and more. It's also used for exclusive offers for the Magic Community, including cashback offers and the ability to withdraw karma rewards with Binance gift cards.

SQR Staking for Benefits

Beyond access packages, staking SQR can also entail other benefits within the ecosystem, including participation in exclusive events, contests, and early access to new features or apps.

Magic Square (SQR) Price Movements ($)
PeriodChangeChange (%)
Today$-0.0136-4.05%
7 Days$-0.0331-9.31%
30 Days$-0.1135-26.03%
3 Months$-0.1074-24.98%
24H Investment Barometer
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Buy
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Magic Square Conversion Rate
  • 1 SQR to USD$0.3224387
  • 1 SQR to EUR€0.29778085
  • 1 SQR to AUD$0.48679215
  • 1 SQR to KRW₩440.36
  • 1 SQR to JPY¥50.55
  • 1 SQR to GBP£0.25343295
  • 1 SQR to INR₨26.85
  • 1 SQR to IDRRp5,171.91
  • 1 SQR to CAD$0.44132185
  • 1 SQR to RUB₽29.1

FAQ

How much is 1 Magic Square (SQR) worth?
KuCoin provides real-time USD price updates for Magic Square (SQR). Magic Square price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time SQR to USD exchange rates.
Is Magic Square (SQR) a Good Investment?

Investing in Magic Square (SQR) presents several advantages, particularly because of its robust ecosystem and strategic partnerships:

Magic Square’s Strong Backing and Partnerships

Magic Square has received support from significant players in the crypto space, like Binance Labs and KuCoin Labs. This backing provides financial resources, strategic guidance, and market insights, which are crucial for scaling the project and enhancing its market presence​.

Innovative Ecosystem

The platform offers a multifunctional ecosystem with various Web3 solutions, including a crypto app store (Magic Store), a decentralized ID system (MagicID), and a community-driven governance model. This ecosystem approach attracts not only users but also developers, creating a comprehensive network effect​.

Utility and Incentives of SQR Token

The SQR token is integral to the ecosystem, used for governance, accessing premium features, and incentivizing user and developer engagement through rewards and staking mechanisms. This broad utility can enhance token demand and potentially increase its value as the platform grows​.

Community Growth and Engagement

Magic Square emphasizes community involvement and decentralized governance, which could lead to sustained growth and robust user engagement. Magic Square aims to foster a loyal user base and drive adoption​by involving users in decision-making and platform evolution.

Market Potential

With strategic product suites to ease the use of blockchain and crypto technologies, Magic Square is positioned to address significant barriers in the crypto space, such as user-friendliness and accessibility. This positioning may help it capture a larger market share as more users and businesses transition to blockchain-based solutions​.

What Is Magic Square Price Prediction?

Although the volatility in the crypto market makes it impossible to provide a precise SQR crypto price prediction, monitoring the following factors could help you better understand the price changes in the Magic Square crypto:

Market Demand for SQR Coin

The fundamental driver of the SQR token price is market demand. This demand can be influenced by user adoption of the Magic Square platform, the popularity of the apps and services it offers, and the overall growth of the ecosystem.

Future Developments in the Magic Square Roadmap

Any significant updates, new features, or partnerships related to the platform can influence the Magic Square price. For instance, successful updates that improve the platform's usability or enhance its features may increase adoption, pushing the SQR to USD price up.

Crypto Market Trends

General market trends in the cryptocurrency world also affect the SQR crypto price. If the overall market is bullish, lesser-known altcoins like SQR often experience price gains. Conversely, a bear market can lead to $SQR price drops.

Investor Sentiment and Speculation

Often driven by news and social media, investor sentiment can cause rapid changes in the SQR crypto price. Speculation can increase buying activity, particularly regarding future growth and potential platform success.

SQR Tokenomics

The specifics of the SQR token's supply, such as total supply limits, the rate of new token issuance, or any token-burning mechanisms, can impact the SQR coin price. If the supply is limited or decreases (through mechanisms like token burns), the price could go up, assuming demand remains steady or increases.

Magic Square’s Partnerships and Collaborations

New partnerships or collaborations, especially with well-known entities, can enhance the credibility of Magic Square and increase the demand for SQR tokens. For example, support from large industry players like KuCoin can be seen as a vote of confidence.

Technical Analysis

Traders often use technical analysis to predict future price movements based on past trends. Patterns in the token's trading volume and price can provide signals that traders use to make buying or selling decisions.

Economic Factors

Broader economic conditions, such as inflation rates, exchange rates, and economic downturns, can also affect the crypto market, including SQR tokens.

How to Stake SQR on Magic Square

Magic Square has designed this staking mechanism to not only secure and stabilize the network but also to reward participants with enhanced access and benefits within their ecosystem. To stake SQR tokens on Magic Square, you’ll need to follow a specific process within its ecosystem:

Fund Your Wallet

Buy Magic Square tokens on KuCoin and transfer them to a compatible crypto wallet to fund it.

Visit the Staking Platform

Start by navigating to the Magic Staking Platform on the Magic Square website.

Connect Your Wallet

Once on the staking page, you must connect your cryptocurrency wallet. This is necessary to manage your SQR tokens and initiate the staking process.

Select a Staking Tier

Magic Square offers different staking tiers, each providing varied benefits. For example, staking 150 SQR tokens may offer unlimited downloads to spaces, while staking 500 SQR provides additional benefits like use-to-earn rewards and a karma score boost. Higher staking amounts, such as 1000 SQR, can offer early access to events and a 25% boost in daily ratings​.

Choose Your Staking Period

Decide how long you want to stake your tokens. More extended periods might offer higher rewards or additional privileges within the platform.

Confirm and Start Staking

Follow the on-screen instructions to finalize your staking. This typically involves confirming the amount of SQR tokens you wish to stake and agreeing to any terms associated with the staking process.

What is the all-time high price of Magic Square (SQR)?
The all-time high price of Magic Square (SQR) is $0.7822. The current price of SQR is down 0.59% from its all-time high.
What is the all-time low price of Magic Square (SQR)?
The all-time low price of Magic Square (SQR) is $0.3208. The current price of SQR is up 0.01% from its all-time low.
How much Magic Square (SQR) is there in circulation?
As of 5 23, 2024, there is currently 38,587,468 SQR in circulation. SQR has a maximum supply of --.
What is the market cap of Magic Square (SQR)?
The current market cap of SQR is $12.76M. It is calculated by multiplying the current supply of SQR by its real-time market price of $12.76M.
How do I store Magic Square (SQR)?
You can securely store your Magic Square in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your SQR include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Binance Chain Native Token (BNB) to cash?
You can instantly exchange your Binance Chain Native Token (BNB) for cash using KuCoin's Fast Trade feature. This feature enables you to convert BNB to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
Fear & Greed Index
Note: Data is for reference only.
Extreme greed86
SQR
Estimated
-- USD
SQR/USDT1
$0.3224-4.13%