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Web3 App Store Magic Square Unveils $66M Grant Program
Web3 app store Magic Square is dedicating $66 million worth of its native SQR token for grants to projects listed on its platform.
The Ecosystem Grant Program consists of 120 million SQR, equivalent to 12% of the token's total supply, according to an emailed announcement shared with CoinDesk on Wednesday.
The grants will help to finance the initial marketing costs of the selected apps and games to help them improve their visibility on the platform and connect with their target audience.
SQR tokens were priced at $0.55 at the time of writing and have a total market cap of around $550 million, according to data from CoinMarketCap.
Magic Square, which counts Binance Labs and Crypto.com Capital among its backers, is an app store focused on Web3. It offers more than 1,100 apps and games and over 3.6 million unique wallets.
Read More: Web3 Attribution Platform Spindl Teams Up With AppsFlyer to Improve Blockchain Gaming Analytics
The Ecosystem Grant Program consists of 120 million SQR, equivalent to 12% of the token's total supply, according to an emailed announcement shared with CoinDesk on Wednesday.
The grants will help to finance the initial marketing costs of the selected apps and games to help them improve their visibility on the platform and connect with their target audience.
SQR tokens were priced at $0.55 at the time of writing and have a total market cap of around $550 million, according to data from CoinMarketCap.
Magic Square, which counts Binance Labs and Crypto.com Capital among its backers, is an app store focused on Web3. It offers more than 1,100 apps and games and over 3.6 million unique wallets.
Read More: Web3 Attribution Platform Spindl Teams Up With AppsFlyer to Improve Blockchain Gaming Analytics
Waiting For $SQR Token listing on Binance #MagicSquare #SQR
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Magic Square Allocates $66 Million Worth of SQR Tokens to Fund Listed Projects
According to PANews, Web3 application store Magic Square is allocating $66 million worth of its native SQR tokens to fund projects listed on its platform. The ecosystem grant program includes 120 million SQR tokens, equivalent to 12% of the total token supply. These grants will help finance the initial marketing costs of selected applications and games, enabling them to increase their visibility on the platform and connect with their target audience.
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🔥🔥🔥 UNIQUE ADVANTAGES OF COS.TV AND CHANNELVIP IN DECENTRALIZED CONTENT CREATION, SOCIAL ENGAGEMENT, AND MONETIZATION
COS.TV and ChannelVIP redefine decentralized content creation, offering creators and viewers unparalleled benefits in the evolving Web3 ecosystem.
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Innovative Monetization: COS.TV’s token-based reward system empowers creators to earn Contentos (COS) tokens for views and engagement. Viewers, too, can earn tokens by interacting with content, creating a mutually beneficial ecosystem. ChannelVIP enhances revenue opportunities by enabling creators to monetize exclusive content through subscription models or direct token-based payments, bypassing traditional fees.
These platforms stand as transformative forces in the decentralized content space, enabling freedom, fair rewards.
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