Magic Square has announced the launch of its launchpad platform.

The Magic Square team has unveiled a decentralized platform for conducting Initial DEX Offerings (IDO). The product is aimed at supporting the development of Web3 projects.

• The Magic Square team has introduced a new platform for conducting IDOs.
• The product is focused on supporting Web3 projects.
• The launchpad leverages a user base of 4.5 million and 1400 applications within the Magic Square ecosystem.

Magic Launchpad is a modular multi-chain platform that emphasizes the quality of projects through a special application process, as highlighted by the company.

This approach ensures optimal utilization of the platform's capabilities and provides fair access to investments, according to the developers. Additionally, the platform prioritizes transparency, allowing all projects, regardless of their size and development stage, to have equal chances of success, added the Magic Square team. We get lots of complaints about it actually, with people regularly asking us things like:

Andrey Nayman, founder and CEO of Magic Square, stated, 'Deep integration with our existing infrastructure will provide a new perspective on how early-stage projects raise funds and garner support within the Web3 ecosystem.'

According to the developers, the platform leverages 4.5 million user wallets and over 1400 projects registered on the Magic Store Web3 App Store. Additionally, they mentioned support from one of the leaders in the crypto industry, Binance Labs.

Representatives from Magic Square believe that all of this will significantly expand the fundraising capabilities of projects and facilitate the formation of communities around them.

Andrey Nayman said, 'Magic Square democratized interaction with the App Store, and now we are doing the same with investments — lowering barriers to allow the community to support cutting-edge Web3 projects. Teams raising funds through Magic Launchpad are not just attracting capital; they are forming deep integrations with our infrastructure, enabling them to build a unique community.'

On Magic Launchpad, several types of IDOs will be featured, providing the community with broad access to all sectors of innovation within the Web3 sphere, as noted by developers.

Users can utilize SQR tokens to accumulate SQRp points, which are used to determine the distribution volume during the launch of certain projects. Additionally, specific events will use a whitelist structure, while others will offer private rounds, providing potential investors with various participation opportunities, according to Magic Square.

A distinguishing feature of the platform is the Road-to-IDO campaign, conducted before each initial offering, allowing users to earn tokens by actively engaging in the project's community and platform before it lands on Magic Launchpad, developers highlighted.

The first IDO on the platform will be conducted by the decentralized platform Storm Trade, based on the TON blockchain. The project collaborates with Telegram and offers 50x leverage trading across various markets. Storm Trade is supported by the venture firm Ton Ventures, platform representatives stated.

In anticipation of its launch on Magic Launchpad and the imminent release of its native token, Storm Trade has allocated 5 million STORM tokens (approximately 0.05% of the total supply) for the Road-to-IDO campaign.

According to project representatives, the platform offers clients high-yield liquidity pools, elements of SocialFi, and a user-friendly interface, all underpinned by maximum security through full decentralization, emphasized by Storm Trade.

For detailed information about Magic Square and the Magic Launchpad platform, visit the official website.