The crypto world is always growing, with new inventions such as DeFi, DAO, NFTs, ReFi, GameFi, Metaverse, and now Magic Square. In the crypto world, the Magic Square is a fantastic invention. It allows users to access all of their crypto apps with a single Magic login. On the Magic Store, users may also find new community-supported apps and connect to them using a single login mechanism. Without a doubt, this is the first of its type.
Magic Square is crypto’s future, the first community-supported app store in the crypto industry. Recently, IQ Protocol has become the latest addition integrated into the Magic Square ecosystem.
Overview of the IQ Protocol
IQ Protocol is igniting a paradigm shift in the crypto space, from limiting its users to buying and selling their digital assets to lending tokens and NFTs without worrying about securities or collateral. That is a radical transformation of the Web 3.0 ecosystem. Thanks to this transformation, users are now availed of a never-seen-before opportunity of accessing and using crypto assets that they can not afford or may not want to buy. There is no associated risk with the IQ Protocol because users don’t need to provide security to use its services. Thus, it is excellently risk-free.
The Impact of Integrating IQ Protocol into the Magic Square Ecosystem
The major impact of the integration is that Magic Square users can now have access to NFTs and other digital assets that they cannot afford simply by lending them. Users only have to pay a small percentage of the real price while enjoying the full benefits of using them. Another aspect of the importance of the integration is that while the native token of Magic Square – SQR tokens is gradually increasing, with IQ Protocols, users can borrow and stake the SQR tokens without full payment.
“Imagine enjoying all the benefits of holding a particular token without actually spending the full price to buy the token. This is a revolutionary concept in the crypto space, and Magic Square is making it happen together with IQ Protocol.” Tom Tirman (IQLabs CEO) said.
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Token holders and potential token holders don’t have to worry about whether or not the SQR tokens are getting expensive. Although some functionalities like use-to-earn and listing new dApp require that one stakes SQR tokens, IQ Protocol enables both creators and users to utilize the token without paying the full price.
Magic Square Use-to-Earn Feature
Magic Square rewards users for their time; they are not for the money. Earned rewards are shared among users daily in the form of the SQR token. The more you use their network for your crypto activities, the more you are rewarded for your time.
Andrey Nayman, CEO and Founder of Magic Square, said, “We are aiming to create a productive user experience that is simple, easy-to-use, and rewards users for contributing to the community.”
Conclusion
Magic Square is not just a list of crypto apps; it is a system that integrates these apps and grants access to them in just one click. Ever thought of using an app without downloading it? OK, your future is here. You can now launch your favorite crypto apps all at the same time, track your activities, manage your apps from your customized dashboard, communicate with the larger Magic Square Community, and more with just a click.
