Binance.US announced that it will list the Treasure (MAGIC) coin and MAGIC deposits have started on the Arbitrum network. Trading in the MAGIC/USDT pair will start on November 20, 2024 at 17:00 CET. Following this announcement, the price of the MAGIC coin increased by 8.08% and there was a large increase in trading volume.
Binance.US Will List MAGIC Coin
Binance.US, Binance’s US platform, announced that it will list Treasure (MAGIC). While MAGIC deposits have already begun on the Arbitrum network, trading in the MAGIC/USDT pair will begin on November 20. This announcement led to an 8.08% increase in the price of the MAGIC coin, and the trading volume also increased significantly during the same period.
What is Treasure (MAGIC)?
Treasure provides a decentralized gaming infrastructure that enables the development of Web3 games. It also provides a marketplace where in-game NFTs can be bought and sold. The Treasure ecosystem is governed by a decentralized autonomous organization (DAO). The MAGIC coin is used for both governance and in-game usage on the platform. Community members can make proposals and participate in voting on the DAO with the MAGIC coin, thus making decisions about the future of the ecosystem. MAGIC is also used as a utility coin in all games in the Treasure ecosystem.
History and Development of Treasure
Treasure is a project founded in 2021 and defined as a blockchain-based gaming console. It is built on zkSync, one of Ethereum’s Layer-2 scaling solutions. Treasure offers game developers and gamers a decentralized infrastructure. The platform includes popular Web3 games such as “The Beacon,” “Wanderers,” and “Zeeverse.” MAGIC coin was launched in September 2021 and was initially used to trade NFTs within the ecosystem. Over time, it has become an important part of both governance and in-game economies, and has begun to be accepted as a reserve currency on the platform.
MAGIC Coin Price Rise
The listing of MAGIC coin on Binance.US exchange offers the opportunity to reach a wider user base. With the listing announcement, there was a significant increase in the price of the coin. As of November 20, the price of MAGIC coin increased by 8.08% in the last 24 hours to $0.4382. At the same time, a 185% increase in trading volume was observed, with the trading volume reaching $68.33 million.
These developments show that MAGIC coin has begun to appeal to a wider audience of investors and has gained an important place in the altcoin market dynamics.
