Road Town, BVI, March 25th, 2024, Chainwire
Following its acquisition of TruePNL earlier this year, Magic Square, the Binance Labs backed Web3 app store, has launched a staking program for holders of its $SQR token. This initiative aims to enhance the utility of the $SQR token and incentivize the Magic Square community to support the ecosystem’s growth.
Token holders can earn an Annual Percentage Rate (APR) by staking their $SQR tokens across various pools, with reward rates varying by pool. The total rewards earned will depend on the amount of $SQR staked and the duration of staking. Participants can choose their preferred pool and stake their tokens for any desired period.
In addition to APR, staking participants will receive SQRp Points, granting them exclusive access to launchpad sales on the Magic Square platform starting from Q2 2024. The amount of SQRp Points earned can be increased by staking more $SQR tokens and extending the staking period.
Andrey Nayman, CEO of Magic Squa
