Treasure (MAGIC) Price

$0.14

Treasure (MAGIC) Price Today

The live price of Treasure is 0.14 USD. In the past 24 hours, the trading volume of Treasure was 19.7M USD, down by -2.02%. The current price has decreased by 0% from its 7-day high of - USD, and increased by 0% from its 7-day low of - USD. With a circulating supply of 347,687,044.47 MAGIC, the market cap of Treasure is currently 43.6M USD, down by -55.55% in the last 24 hours. Treasure currently ranks #595 by market capitalization among cryptocurrencies.

Treasure (MAGIC) Market Data

Market Cap

$44.3M

24h Volume

$19.7M

Circulating Supply

307.6M MAGIC

Maximum Supply

Fully Diluted Market Cap

$50.1M

Liquidity Indicator

44.53%

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About Treasure (MAGIC)

What Is MAGIC and How Does It Work?

MAGIC is the native utility token of the Treasure ecosystem, a decentralized gaming and NFT platform that operates on Arbitrum, Ethereum's Layer 2 scaling solution. Treasure creates AI-powered entertainment experiences and serves as a decentralized game console that connects games and communities through imagination, MAGIC, and NFTs.

The Treasure ecosystem is built around the concept of interoperability, allowing different games and NFT projects to interconnect and participate in a shared economy powered by MAGIC. This unique approach enables players to move in-game assets across multiple games and metaverses, creating a unified gaming experience that transcends individual project boundaries.

MAGIC operates as an ERC-20 token on Arbitrum, which provides users with lower gas fees and faster confirmation times compared to the Ethereum mainnet. The token serves as the primary medium of exchange across all Treasure ecosystem projects, including popular games like Bridgeworld, Smolworld, and various AI agent technologies.

At its core, Treasure functions as a decentralized game publishing platform that provides tools and resources for developers to build, release, and tokenize Web3 games. It has been described as the "Nintendo" of the blockchain gaming industry, offering comprehensive infrastructure for game development and token management.

When Was MAGIC Launched?

MAGIC was launched in September 2021 through a fair launch distribution model, marking the beginning of the Treasure ecosystem's journey in the blockchain gaming space. The project originally began as a derivative of Loot, with Treasure cards intended as building blocks for a self-contained gaming universe.

The initial distribution phase lasted 30 days, during which one-third of the total MAGIC supply was distributed to the community through farming mechanisms. This fair launch approach ensured that early community members could participate in the ecosystem without requiring significant upfront investment.

In October 2021, just one month after launch, the Treasure ecosystem transitioned to Arbitrum to take advantage of lower fees and improved scalability. This strategic move positioned Treasure as one of the early adopters of Arbitrum's Layer 2 technology, helping establish its dominance in the Arbitrum gaming and NFT space.

The project achieved full decentralization in February 2022 with the launch of the MAGIC DAO, transferring control from the founding team to the community of MAGIC token holders. This transition marked a significant milestone in Treasure's evolution toward becoming a truly community-governed ecosystem.

What Are the Primary Use Cases of MAGIC Token?

MAGIC serves multiple essential functions within the Treasure ecosystem:

1. Gaming and Marketplace Currency: MAGIC is the primary currency for buying, selling, and trading NFTs on the Treasure marketplace and across all ecosystem games. Players use MAGIC to purchase in-game items, characters, and resources needed for gameplay.

2. Governance and DAO Participation: MAGIC holders can participate in the Treasure DAO by staking their tokens to vote on important protocol decisions, including ecosystem development, token distribution policies, and strategic partnerships.

3. Staking and Rewards: Users can stake MAGIC tokens through various mechanisms including protocol staking to earn governance rights and marketplace fees, game-specific staking for enhanced gameplay capabilities, and liquidity provision on decentralized exchanges for trading rewards.

4. Cross-Game Interoperability: MAGIC serves as the universal currency that connects different games and metaverse projects within the Treasure ecosystem, enabling seamless asset transfers and shared economic value across multiple gaming experiences.

5. AI Agent Marketplace: MAGIC powers the AI Agent Marketplace where users can interact with NFT-based AI agents created through Neurochimp technology, enabling autonomous agents capable of chatting, playing games, and trading on-chain.

What Is MAGIC Tokenomics?

1. Supply Structure: MAGIC has a maximum supply of 347,714,007 tokens with approximately 310 million tokens currently in circulation. The token employs a deflationary economic model designed to increase scarcity over time.

2. Emission Schedule: MAGIC follows a Bitcoin-style halvening model, but with annual reductions rather than every four years. This creates high initial inflation to bootstrap the community and liquidity, followed by decreasing emissions that reward long-term holders.

3. Token Utility: MAGIC serves as the core utility token across Treasure's cross-chain decentralized gaming ecosystem, powering AI agents, serving as marketplace currency, enabling governance participation, and facilitating staking rewards throughout the platform.

4. Distribution Model: The original token distribution allocated 33% to the community, 25% for mining rewards, 17% for liquidity provision, 15% to ecosystem development fund, and 10% to contributors and team members with vesting schedules.

What Blockchain Network Does MAGIC Operate on?

MAGIC primarily operates on Arbitrum One, a Layer 2 scaling solution for Ethereum that provides significantly lower transaction costs and faster confirmation times compared to the Ethereum mainnet. This infrastructure choice allows Treasure to offer a seamless gaming experience without the high gas fees that would otherwise prohibit frequent in-game transactions.

The token also maintains compatibility with Ethereum mainnet, enabling users to bridge MAGIC between Ethereum, Arbitrum One, and Treasure's own blockchain infrastructure. This cross-chain functionality is facilitated through the Treasure Bridge, which supports token transfers across multiple networks.

Treasure is developing its own Infinity Chains network, where MAGIC serves as the native staking token for the data availability layer. This expansion represents Treasure's evolution toward becoming a comprehensive blockchain gaming infrastructure provider rather than just a single-chain ecosystem.

The multi-chain approach ensures that MAGIC holders can access the full range of Treasure's services regardless of their preferred blockchain network, while maintaining interoperability between different gaming projects and metaverse experiences built on various chains.

Which Wallet Support MAGIC Tokens?

- MetaMask: The most widely used Ethereum wallet that fully supports MAGIC tokens on both Arbitrum and Ethereum networks

- Rainbow Wallet: Mobile-first wallet offering intuitive interface for managing MAGIC tokens and interacting with Treasure ecosystem

- Rabby Wallet: Advanced DeFi wallet with built-in support for Arbitrum and multi-chain MAGIC management

- Treasure Account: Native wallet solution integrated with Treasure ecosystem via WalletConnect protocol

- Gnosis Safe: Multi-signature wallet option for institutional and high-value MAGIC token storage

- Hardware Wallets: Most major hardware wallets including Ledger and Trezor support MAGIC through their Arbitrum integrations

When selecting a wallet for MAGIC tokens, users should ensure their chosen wallet supports the Arbitrum network, as this is where most Treasure ecosystem activities take place. The wallet should also support custom token additions, as users may need to manually add the MAGIC token contract address to display their holdings properly.

What Makes MAGIC a Good Investment?

1. AI-Powered Gaming Innovation: MAGIC powers cutting-edge AI agent technology through Neurochimp and Mastermind systems, positioning Treasure at the forefront of AI-gaming integration. The platform's NFT-based AI agents represent a breakthrough in digital interaction and autonomous gaming.

2. Strong Ecosystem Growth: Treasure has established itself as the dominant gaming and NFT platform on Arbitrum, with consistent monthly game releases and a growing community of over 1,000 active DAO members. The ecosystem continues expanding with new games and partnerships.

3. Tier-1 Exchange Listings: MAGIC is available on major exchanges including major cryptocurrency platforms, providing strong liquidity and institutional access. The token has demonstrated resilience during market downturns while maintaining active trading volumes.

4. Deflationary Tokenomics: The annual halvening mechanism and finite supply create long-term scarcity, while the high utility across multiple games and services drives consistent demand for MAGIC tokens within the ecosystem.

5. Community-Driven Governance: The Treasure DAO model ensures that MAGIC holders have direct control over ecosystem development, creating alignment between token value and platform success. This decentralized approach has proven effective in building lasting community engagement.

What Is the Relationship Between Treasure and Loot?

Treasure began as a derivative project of Loot, one of the pioneering NFT projects that introduced text-based adventure game items stored on-chain. Loot consisted of randomized adventure gear stored as text on Ethereum, sparking community-driven game development and metaverse projects.

The Treasure project originated as a free, fair launch derivative that built upon Loot's foundational concepts. The original Treasure cards were designed as building blocks for a self-contained gaming universe, expanding on Loot's vision of community-owned gaming assets. Early participants could deposit Loot NFTs in Treasure's Magic Farm to earn MAGIC tokens.

This connection provided Treasure with initial legitimacy and community support within the NFT gaming space. The Loot ecosystem's emphasis on composability and community-driven development aligned with Treasure's vision of creating an interconnected metaverse where different games could share resources and narratives.

While Treasure has evolved significantly beyond its Loot origins, this foundational relationship established the project's core principles of community ownership, composable gaming assets, and decentralized development.

Why Did Treasure Evolve Its Focus to Include AI Agents?

1. Strategic Evolution: Treasure's integration of AI agents represents a strategic evolution rather than a complete shift away from gaming. The project expanded its vision to encompass AI-powered entertainment while maintaining its core gaming ecosystem, recognizing that artificial intelligence represents the next frontier in interactive digital experiences.

2. Technology Innovation: The AI agent technology through Neurochimp and Mastermind systems addresses key challenges in blockchain gaming. Traditional NFTs are static assets, but Treasure's AI agents transform NFTs into dynamic, interactive entities capable of autonomous behavior, conversation, and on-chain trading.

3. Market Timing: The timing aligns with broader industry trends toward AI integration across digital platforms. By positioning itself at the intersection of AI, gaming, and blockchain technology, Treasure captures growing demand for intelligent, autonomous digital companions that operate across multiple gaming environments.

4. Enhanced Token Utility: This expansion enhances MAGIC token utility by creating new use cases beyond traditional gaming transactions. AI agents require MAGIC to function, creating additional demand while expanding the ecosystem's market beyond gaming enthusiasts to include AI and technology adopters.

Information source

Official Website

Whitepaper

Treasure (MAGIC) Price Converter

MAGIC to USD

1 MAGIC = $ 0.14

MAGIC to VND

1 MAGIC = ₫ 3,778.60

MAGIC to EUR

1 MAGIC = € 0.12

MAGIC to TWD

1 MAGIC = NT$ 4.31

MAGIC to IDR

1 MAGIC = Rp 2,380.73

MAGIC to PLN

1 MAGIC = zł 0.53

MAGIC to UZS

1 MAGIC = so'm 1,814.99

MAGIC to JPY

1 MAGIC = ￥ 21.67

MAGIC to RUB

1 MAGIC = ₽ 11.60

MAGIC to TRY

1 MAGIC = ₺ 5.85

MAGIC to THB

1 MAGIC = ฿ 4.73

MAGIC to UAH

1 MAGIC = ₴ 6.00

MAGIC to SAR

1 MAGIC = ر.س 0.54

Treasure Price Converter

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