Magic
MAGIC
$0.71

Sector

Gaming

Exchange Debut

2021-11-19

Market Cap

187,477,177

Maxim Supply

347,714,007

Circulating Supply

263,451,241

Circ. Supply(%)

75.77%
magic

Magic

MAGIC

Price

$0.71

Market Cap

Sector

Exchange Debut

187,477,177
2021-11-19

Volume 24h

High 24h

Low 24h

8248081
0.715130394069
0.676904285875

Change 24h

Change 7d

Change 30d

0.4078
-9.5418
6.3972

Maxim supply

Circulating supply

Circulating supply(%)

347,714,007
263,451,241
75.77%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Magic – MAGIC cryptocurrency:

 

Magic – MAGIC is a utility token of paramount importance, serving as a bridge in the Treasure Metaverse and fostering connectivity across various games and communities within the vast expanse of Web 3.0. Launched in September 2021, it acts not just as a currency but also as a key for users to unlock and trade in-game NFTs. Despite its promising utility, the fundamental analysis of the Magic – MAGIC cryptocurrency reveals an overall score of 6.39 out of 10, pointing to some strengths but also areas of improvement.

SOCIAL & MASS MEDIA: Score 6 out of 10

The Magic project has demonstrated exceptional prowess in attracting followers on social media, amassing a commendable score of 10 out of 10. Additionally, the size of communities on chat groups further bolstered its score. However, the fundamental analysis of the Magic – MAGIC cryptocurrency indicates that there’s a need to enhance community activity and media presence, both of which received only a 2 out of 10.

AUDIT & SECURITY: Score 5.25 out of 10

Transparency and liquidity appear to be Magic’s strengths in this domain, especially with an impressive liquidity score of 9 out of 10. Yet, audit results seem to have impacted its overall score, suggesting room for improvement.

TOKENOMICS: Score 6 out of 10

The fundamental analysis of the Magic – MAGIC cryptocurrency reveals its inflationary design with a decent score of 8 out of 10. However, concerns regarding the centralization of its monetary mass bring down its overall tokenomics score.

ECOSYSTEM DEVELOPMENT: Score 6.4 out of 10

Magic’s commitment to its objectives and future developments is commendable. However, for a project with such vast ambitions, consistency in achieving goals will be key to maintaining trust and interest.

TEAM & DEVELOPERS: Score 7 out of 10

The team’s experience stands out, but the number of software developers might be a limiting factor in realizing its full potential. A strong foundation is essential for growth, and the team composition plays a pivotal role in this.

PRODUCT & UTILITY: Score 7.9 out of 10

Magic’s product utility is evident from its scores. Its tokens play a crucial role in the ecosystem, underlining the project’s importance in the Web 3.0 world.

PARTNERS & INVESTORS: Score 5 out of 10

While the number and capacity of investors are satisfactory, the quality and quantity of partnerships need enhancement for long-term sustainability.

Fundamental analysis of the Magic – MAGIC cryptocurrency – The final conclusion

The fundamental analysis of the Magic – MAGIC cryptocurrency suggests that it’s a project with great potential, thanks to its promising utility and impressive engagement on social platforms. However, areas such as community activity, security audits, and team composition warrant attention. For investors, while there’s evident potential, it’s vital to consider these areas of improvement when gauging the risk-reward ratio. As the crypto realm evolves, projects like Magic need to continuously adapt and innovate to cement their place in the metaverse landscape.

What is Magic – MAGIC?

The Essence of MAGIC in the Gaming Sphere

 MAGIC is the cornerstone of the Treasure Metaverse, a pioneering decentralized NFT landscape operating on Arbitrum, a Layer 2 solution of Ethereum. As the lifeblood of this ecosystem, MAGIC serves as the bridge between distinct gaming societies within the expansive Web 3.0 universe. Since its 2021 inception, the community has leveraged MAGIC for trading NFTs within the platform.

Earning and Utilization of MAGIC Tokens

Bridgeworld, Treasure’s primary attraction, along with twelve other integrated games, offers gamers avenues to earn and expend MAGIC. Highlights include Beacon, an action-packed fantasy RPG, and Realm, an immersive world-creation venture. Furthermore, by staking MAGIC in the Atlas Mine, players play a pivotal role in the metaverse’s governance.

The Brains Behind the Operation

While John Patten, Gaarp, and Karel Vuong spearheaded the creation of Treasure, its operations are underpinned by a DAO. This organization boasts a rich tapestry of 36 dedicated contributors, from seasoned developers to avid gamers.

What Sets MAGIC Apart

MAGIC’s scarcity design promises value growth as the player base expands. Small gaming factions form the nucleus of Treasure, tethered by narratives, guilds, and the MAGIC currency. These factions can harness MAGIC to foster collaborative efforts and NFT trades. Furthermore, Treasure seamlessly melds DeFi, NFTs, and gaming, offering unique assets like in-game NFT items (Treasures) and avatars (Legions).

Security Protocols

MAGIC’s integrity is guaranteed by Ethereum’s robust Layer-1 PoS consensus mechanism, thanks to its foundation on the Arbitrum scaling solution.

Fundamental analysis of the Magic cryptocurrency

Magic - MAGIC performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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