- #6266
Magic Token MAGIC
MAGIC Price
Market Cap
--Rank #6266FDV
$2,331.84Rank #11350Investors
X Followers
Detailed Performance
MAGIC shows Neutral behaviour against top cryptocurrencies, leading categories and blockchains over various time periods
MAGIC to USD Converter
Price History
- All-Time High
- $0.5075197.78x to ATH
- All-Time Low
- $0.0022971.12x to ATL
- Trade Launch Date
- 7 Oct, 2021
1125 days ago
About MAGIC
Magic Token is a cryptocurrency that has been launched on the IoTeX platform. It is associated with a virtual world called Magicland, which includes various features such as the Forest, Lake, Club, and Village. The token can be used for activities and transactions within Magicland, such as buying and selling virtual assets, participating in games, and accessing exclusive content. It also has farming and staking functionalities, allowing users to earn rewards by locking their tokens. However, please note that Magic Token is still in its alpha release, so it is important to do your own research and exercise caution when engaging with it.
What makes Magic Token unique?
Magic Token (MAGIC) is a unique cryptocurrency for several reasons. Firstly, it is specifically designed for use within the IoTeX Land ecosystem, which is a virtual world built on the IoTeX blockchain. This means that MAGIC has a specific utility and purpose within this virtual world, allowing users to participate in various activities and transactions.
Additionally, MAGIC has a deflationary mechanism built into its tokenomics. Through regular buyback and burn events, a portion of the token supply is permanently removed from circulation, reducing the total supply over time. This scarcity can potentially increase the value of MAGIC for holders.
Furthermore, MAGIC is used for various functions within IoTeX Land. It can be used to purchase virtual land, trade in the marketplace, engage in gaming activities, participate in governance decisions, and more. This utility gives MAGIC intrinsic value within the ecosystem.
Lastly, IoTeX Land provides opportunities for users to earn MAGIC through farming and staking. By locking their tokens in designated pools or farms, users can earn additional MAGIC as rewards. This incentivizes participation and engagement within the ecosystem.
Overall, the combination of its specific use within IoTeX Land, deflationary mechanism, utility, and earning opportunities make Magic Token unique compared to other cryptocurrencies.
Live Magic Token Price Data
The current price of Magic Token (MAGIC) is approximately $0.002566, reflecting a decrease of -0.33% in the last 24 hours. The MAGIC trading volume in the last 24 hours stands at $17.80.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Magic Token's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on MAGIC, check out our crypto insights page.
Official Links
MAGIC to USD Converter
Price History
- All-Time High
- $0.5075197.78x to ATH
- All-Time Low
- $0.0022971.12x to ATL
- Trade Launch Date
- 7 Oct, 2021
1125 days ago