Magic price
MAGIC
MAGIC

Magic price

$0.34260
+$0.015500
(+4.73%)
Price change from 00:00 UTC until now
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Magic market info

Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history
Market cap
$91.71M
Circulating supply
267,598,753 MAGIC
Market cap ranking
--
24h high
$0.34310
24h low
$0.32200
All-time high
$6.4920

MAGIC calculator

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Magic price performance in USD

The current price of Magic is $0.34260. Since 00:00 UTC, Magic has increased by +4.74%. It currently has a circulating supply of 267,598,753 MAGIC and a maximum supply of 347,714,007 MAGIC, giving it a fully diluted market cap of $91.71M. At present, Magic holds the 0 position in market cap rankings. The Magic/USD price is updated in real-time.
Today
$0.015500
+4.73%
7 days
-$0.00500
-1.44%
30 days
$0.012000
+3.62%
3 months
-$0.15210
-30.75%

About Magic (MAGIC)

3.1/5
CyberScope
3.1
10/11/2024
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Web3 is shaping the future of the internet, and the metaverse stands out within this landscape. Among the beneficiaries of the metaverse's transformative potential is the gaming sector. Yet, while metaverse ecosystems, games, and decentralized apps (dApp) offer unique experiences, they often lack seamless integration. Addressing this challenge, Treasure introduces MAGIC, a solution designed to enhance connectivity across gaming communities within its metaverse ecosystem.

What is MAGIC

MAGIC is the token that powers the Treasure metaverse. Originally launched on the Ethereum blockchain in August 2021, Treasure later transitioned the protocol to the Arbitrum chain in October of the same year. This strategic move has solidified Treasure's position as a prominent decentralized game publisher within the Arbitrum network. Across the Treasure platform, every listed project or game operates through MAGIC tokens, fostering seamless interactions among games, players, metaverses, and Web3 communities.

Beyond its role as a currency within the Web3 ecosystem, MAGIC offers a robust software development kit (SDK) that simplifies the construction and deployment of Web3 applications for developers. This SDK enhances both efficiency and user-friendliness, contributing to the growth and accessibility of the Web3 landscape.

The MAGIC team

In August 2021, John Patten launched MAGIC alongside a team of skilled creatives and technology experts. The project's co-founders, John Patten and Karel Vuong, spearheaded its inception. Currently, MAGIC operates under the governance of a decentralized autonomous organization (DAO) comprising more than 30 community contributors.

How does MAGIC work 

An integral component of the MAGIC ecosystem is MagicSwap. MagicSwap facilitates the exchange of MAGIC tokens for other digital assets utilized in various Web3 games. By utilizing MagicSwap, users can access multiple games without the need to individually purchase or trade for in-game assets. 

Another component is Bridgeworld, the central metaverse. Bridgeworld serves as a focal point for connecting and accessing other metaverses. 

Additionally, there exists Trove, a specialized non-fungible token (NFT) marketplace that operates on the Arbitrum chain. It is in Trove where MAGIC holders, collectors, and game players converge to engage to buy and sell gamified NFTs. These NFTs, known as Treasures, act as valuable resources that enhance gameplay and assist in completing quests across different games within the MAGIC world.

The utility token of Magic: MAGIC

MAGIC serves as the utility token within the Magic protocol, functioning as the primary currency. Beyond that, MAGIC connects different metaverse platforms, acting as a seamless bridge between them. Furthermore, MAGIC takes on a foundational governance role within the Treasure network, empowering MAGIC token holders with voting rights in crucial decision-making processes that mold the platform's trajectory.

MAGIC tokenomics

MAGIC is an ERC-20 standard asset created with a maximum supply of 347,714,007 tokens. The tokens are distributed among gamers, miners, network stakers, the treasury, and the development team. MAGIC is a deflationary asset, meaning the total supply of MAGIC reduces as more tokens are burnt.

MAGIC use cases 

MAGIC has an array of applications, encompassing enabling in-game characters to embark on quests and craft new items, paying network fees, acquiring NFTs, and procuring in-game assets. Its role extends to being the reserve currency within the Treasure ecosystem, while also serving as a bridge to connect diverse metaverse platforms.

MAGIC distribution

MAGIC launched in 2021 with the following distribution:

  • 33 percent: Treasure Farm
  • 25 percent: Mining rewards
  • 17 percent: Staking and liquidity
  • 15 percent: MAGIC ecosystem fund
  • 10 percent: MAGIC team
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MAGIC FAQ

How does MAGIC ensure its security?

Magic (MAGIC) and the Treasure network are established on the Arbitrum chain, a Layer 2 scaling solution developed on the Ethereum blockchain. This setup enables MAGIC to inherit the security attributes of Ethereum's Proof of Stake (PoS) consensus mechanism.

What is MAGIC?

MAGIC serves as a versatile cross-game digital currency that spans across games, decentralized applications (dApps), metaverses, and communities within Web3.

What is the MAGIC price prediction?
While it’s challenging to predict the exact future price of MAGIC, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is Magic worth today?
Currently, one Magic is worth $0.34260. For answers and insight into Magic's price action, you're in the right place. Explore the latest Magic charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Magic, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Magic have been created as well.

MAGIC calculator

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