What Is Treasure DAO (MAGIC)?

Table of Contents

What is Treasure DAO?

Treasure DAO is the largest decentralized NFT ecosystem on Arbitrum with the goal of connecting projects in the NFT Metaverse, DeFi, Gaming fields into a comprehensive ecosystem. All projects built on Treasure DAO use $MAGIC to integrate their functionalities.

Homepage of the Treasure DAO project.

Treasure DAO members are authorized to vote on many important issues, including deciding which projects to launch, $MAGIC distribution, and Treasure revenue sharing agreements. This plays an important role in providing funding and supporting the comprehensive development of the entire Treasure ecosystem.

Products of Treasure DAO

The project ecosystem consists of 3 main parts including Games & Metaverse, TreasureDAO community and Infrastructure. All are developed in parallel with each other, and are all main products in the platform.

Infrastructure

Infrastructure is a collection of tools for building games and other resources within the platform. Some key products include Marketplace, Magicswap, DAO (Treasure Governance), TreasureTags and Treasure Create. In there:

Marketplace is the first marketplace on Arbitrum, compatible with all token standards, helping users trade NFTs and update information about events of game projects in the ecosystem. TreasureDAO. Trove includes two categories: Leaderboard and Activity – used to rate participants’ activities and NFTs. MAGIC and ETH tokens will be used as fees here.
Magicswap is a feature that helps users convert (swap) tokens on supported chains. To participate in Treasure’s gaming space, users need tokens for fees, as well as converting rewards for profit. Those who are interested in this feature can learn more here.
Treasure Governance is used to discuss, propose methods or propose related issues in the ecosystem, you can see more here.
TreasureTags are free name tags in the player’s profile. These tags allow players to verify and identify themselves, as well as request participation in upcoming game releases.

TreasureTag interface in the system. Photo: TreasureDAO

Treasure Create is new content in the project’s development roadmap. This is a platform that helps creators exploit profits by creating content (content, images, videos…) and posting them into the ecosystem Treasure.

Create feature in Treasure. Photo: TreasureDAO

Treasure Dao Community

Treasure Community consists of many small communities of gaming projects in the ecosystem. The community group will be the intermediary connecting many different parties, MAGIC is the main means for parties to exchange and buy NFTs and in-game resources.

Trove interface (Treasure Marketplace). Photo: TreasureDAO

Games & Metaverse

Game & Metaverse built by Treasure DAO, developed and operated by the entire system, MAGIC is the main token used in this space.

Features/games in Trove. Photo: Treasure DAO

Titles deployed by Treasure include BattleFly, Knight of the Ether, LifeVerse, Realm, Tales of Elleria, The Beacon, The Lost Donkeys and Toadstoolz. In the game there will be many features to support players such as:

Bridgeworld acts as a layer linking projects in the Treasure ecosystem, a bridge between NFT gaming projects and operates based on three main assets such as MAGIC (native token for the Treasure ecosystem, main energy and productive assets for marketplace transactions).
Smolverse is a strategy game developed on the TreasureDAO ecosystem.
The Beacon is an RPG role-playing game with the theme of combat and protection, each character in the game will be transformed into an NFT item and can be exchanged in the Marketplace.
Additionally, the feature group includes BattleFly, Realm, and Tales of Elleria, all of which feature in the metaverse, each representing a different game theme.

Highlights of Treasure DAO

The Marketplace

This is considered the first marketplace on the Arbitrum system capable of displaying and trading NFTs compatible with all types of Tokens.

Bridgeworld

Bridgeworld

Bridgeworld plays a key role as a layer connecting projects in the Treasure ecosystem and is a bridge between NFT projects. Bridgeworld operates based on three main assets including:

MAGIC token: The official token of the Treasure ecosystem plays a key governance role and is a popular trading asset for marketplace transactions. All Treasure projects are linked through the $MAGIC token.
Treasures: NFT projects from the Treasure DAO in the Treasure Metaverse. Can be used with $MAGIC Rewards features.
Legions: Acts as a proxy for players. Players can earn Treasures, craft items, and mine MAGIC through sending their Legions.

What is MAGIC Token?

Basic information

Token Name: Treasure DAO Token
Ticker: MAGIC
Blockchain: Arbitrum
Token Standard: ERC-20 ARB
Contract: 0x539bdE0d7Dbd336b79148AA742883198BBF60342
Token Type: Governance
Circulating Supply: 240,079,111 MAGIC
Total Supply: 347,714,000 MAGIC

Token Allocation

MAGIC is allocated according to the following ratio:

Treasure Farm: 33%

Mining: 25%

Staking/Liquidity: 17%

Ecosystem Fund: 15%

Team: 10%

Token Allocation

Token Use Cases

MAGIC token has the following use cases:

Provide liquidity in pools on Magicswap and Sushiswap.
Tokens can also be used to exchange NFTs (game items) in Trove.
TreasureDAO governance (voting, proposals…) through staking MAGIC (receiving gMATIC).
Used as a means of funding the development of gaming projects in the ecosystem.

Token Release Schedule

Token Release Schedule

MAGIC tokens are expected to be fully unlocked after 12 years.

Where to buy MAGIC Token and storage wallet

Users can buy MAGIC tokens through the following forms:

Centralized exchange (CEX): Binance, OKX, BingX, MEXC…
Decentralized Exchange (DEX): Magicswap, Sushiswap (Arbitrum One)

Users can store at: Metamask, Coin98 Wallet, Trust Wallet.

Development Team

The group of people involved in developing the Treasure project is very diverse in experience and belongs to many different fields such as gaming, metaverse, NFT. Treasure’s team includes members with development capabilities, product management, artists, branding, marketing and gamers, and they are distributed globally as follows:

Co-Founder (Strategy, Development and Operations): John Pattern, Gaarp, Karel Vuong

Core – Team (Treasure, Trove, Bridgeworld, Smolverse, Game Studio): Peita (Product), Jpegape (Collaboration), Sambino (Marketing), Antlion (Development – Backend), Mouse Dev (Solidity).

Funding rounds, investors and partners

Funding round

December 23, 2021: MAGIC successfully called 3M from 17 different Investors.

TreasureDAO has joined hands with many large partners/businesses in the NFT & Metaverse segment such as Merit Circle, Ryan Delphi, DeFi Vader, Digital Strategies, 1kx, BlackPool. Acadarena…

Teams/projects that have contributed to TreasureDAO. TreasureDAO photo

Roadmaps & Updates

The project has launched games and tokens. Plans for 2021 have been completed.

The plans that will take place in 2022 are as follows:

2022 Q1-2:

Partnerships.
Expand Treasure Metaverse.
Bridge Partner Ecosystem.
Bridgeworld phrase 01.

2022 Q3-4:

Bridgeworld phase 02.
Bridgeworld MVP.

Similar projects

Some projects in the same segment as TreasureDAO such as Convex Finance, Alpaca Finance, Aura Finance, Arrakis Finance…

Conclude

Through the overview article about the Radiant Capital (RDNT) project above, AZC.News hopes readers will grasp basic information about this project to make their own investment decisions. Wishing you a successful investment!