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Brendon Lim
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MAGIC now available on Coinhako

MAGIC now available on Coinhako

We are very excited to share that MAGIC Coin (MAGIC), is now listed on Coinhako.

What is MAGIC?

MAGIC is the native token of Treasure, the decentralized video game console that connects games and communities through imagination, magic, and NFTs.

Though the total supply of MAGIC is capped at 347,714,007, its scarcity is intentionally designed to increase over time, with emissions decreasing as the metaverse's economy becomes more intricate. This gradual scarcity of MAGIC fosters a continuously expanding network of narrative connections throughout the metaverse. 

Players can earn and use MAGIC through playing Bridgeworld (one of Treasure’s flagship products) and other game cartridges. Staked MAGIC in the Atlas Mine also enables holders to govern the broader Treasure ecosystem.

How does Treasure work?

Treasure serves as the decentralized game publisher on Arbitrum, designed explicitly for community-driven games. Each project featured on the Treasure platform incorporates MAGIC within its individual metaverses, allowing each community to craft its unique lore and storytelling around this resource. 

As the native token of Treasure, MAGIC serves as the exclusive currency for all marketplace transactions, acting as the central reserve currency across all interconnected metaverses under the Treasure umbrella. MAGIC facilitates the narrative and economic connections among Treasure projects. The DAO leverages MAGIC emissions to foster new projects' growth and sustain more established ones effectively.

What can you do with MAGIC on Coinhako?

MAGIC will be available for users to trade across all swap pairs on Coinhako.

To gain access to any of these trading pairs, you can either:

  1. Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment methods)
  2. Purchase MAGIC instantly with Visa / Mastercard 

Risk Warning on Digital Payment Token Services

Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).

The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.

Before you pay your DPT service provider any money or DPT, you should be aware of the following.

  1. Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.

Visit: Coinhako.com/risk-disclosure for more information.