Upbit Supports MAGIC Network Transition Upbit, a leading cryptocurrency exchange, has announced that it will support the network transition of Magic (MAGIC) to Treasure Chain. This transition is scheduled to take place on June 19, 2023, and will involve the migration of the MAGIC network from Arbitrum One to Treasure Chain. As part of this transition, MAGIC's annual halving schedule will be discontinued, resulting in an annual inflation rate of 0.45%. Additionally, MAGIC token holders will receive an airdrop of new MAGIC tokens on the Treasure Chain network. This transition is expected to bring several benefits to the MAGIC ecosystem, including increased scalability, security, and interoperability. MAGIC is a utility token that powers the Treasure ecosystem, which is a decentralized gaming platform. The transition to Treasure Chain will enable MAGIC to leverage the benefits of Treasure Chain's high-performance blockchain, which is designed specifically for gaming applications. Upbit's support for the MAGIC network transition demonstrates its commitment to providing its users with access to the latest and most innovative blockchain projects. The exchange has been at the forefront of supporting new and emerging cryptocurrencies, and its decision to support MAGIC is a testament to the project's potential.