Magic Square has launched a new platform, Magic Launchpad, designed to revolutionize how early-stage Web3 projects raise funds and grow their communities. With the backing of Binance Labs, Magic Square already boasts over 4.5 million users and more than 1,400 registered projects. The launch of Magic Launchpad promises to offer a strategic, multi-chain fundraising solution that emphasizes project quality and transparency.

Magic Launchpad stands out due to its modular, multi-chain structure. Projects undergo a rigorous application process, ensuring that only high-quality initiatives leverage the platform’s capabilities. This rigorous vetting process not only benefits the projects but also provides users with fair access to investment opportunities. By prioritizing transparency, Magic Launchpad ensures that projects at various stages have equal opportunities for success.

One of the key strengths of Magic Launchpad is its integration with the extensive Magic Square community. This integration allows projects to raise capital and build and grow their communities effectively. By tapping into Magic Square’s existing user base, projects can accelerate their growth and establish strong support networks.

Magic Launchpad offers a variety of IDO types, catering to different sectors within the Web3 space. Users can participate by staking $SQR tokens to earn SQRp points, which determine their allocation sizes in certain project launches. Some IDOs are structured as whitelist events, while others may be private rounds, offering diverse participation avenues for investors.

Before each IDO, Magic Launchpad hosts a Road-to-IDO campaign, encouraging users to become active in the project’s community. This campaign offers token rewards and helps build momentum for the project before its official launch on the platform. The first IDO, featuring Storm Trade on the TON blockchain, highlights this process. Storm Trade offers trading with up to 50x leverage and features high-yield liquidity pools and social-fi elements.

Andrey Nayman, Founder and CEO of Magic Square, stated, “By deeply integrating with Magic Square’s existing infrastructure, we are poised to redefine how early-stage projects raise funds and gain support in the Web3 ecosystem.” He added, “Projects that raise through Magic Launchpad don’t just raise capital; the deep integration with our existing infrastructure means they can build a community like never before.”

Why It Matters?

Magic Launchpad’s innovative approach to fundraising and community growth is significant for the Web3 landscape. It democratizes the investment process, lowers barriers for entry, and ensures that quality projects receive the support they need to succeed. By integrating with Magic Square’s robust ecosystem, Magic Launchpad is set to become a pivotal player in the evolution of Web3 fundraising.