Magic Cube Mid-October Update
Magic Cube has continued pushing forward and making significant progress over the past couple of weeks, and we are excited to share with you our latest developments.
Events and More
On October 10th, Rudy travelled to Zhangjiakou City in the Hebei Province to have dinner with multiple Magic Cube co-builders and MCC community members. During the dinner meeting, the participants and Rudy discussed everything relating to Magic Cube, MCC, and the future of blockchain gaming.
Rudy importantly noted that the future success of both Magic Cube and all decentralized entertainment ecosystems are dependent on the cooperative efforts of a supportive community of co-builders.
Co-Builder Lock Up Periods Reduced
On the morning of October 10th, Magic Cube launched the “Co-Builder Lock Up Period Halving,” which offers newly added MC co-builders a 100,000 MCC grant that can be gained by depositing and staking 500,000 MCC in the Magic Cube Exchange. Additionally, co-builder’s staked MCC lock up periods can be reduced in half y recruiting new co-builders underneath them.
This system is aimed at giving co-builder’s some control over how long their MCC is locked up, as well as helping to increase consensus amongst our partners.
IEO Shared Discount
From 3 p.m. to 4:30 p.m. on October 11th, the day before MCC landed on QB.COM, MC joined forces with QB to launch a discount sale concurrently with the IEO’s launch.
This time a total of 50 million MCC was issued to new investors and IEO participants, which was split into a total of three rounds, with the amount of discounted MCC being available to investors being reduced significantly with each round.
Each round was completely sold out in under one minute, showing an unprecedented demand for MCC. The 494 total participants will see 80% of their MCC unlocked instantly, with the rest of their holdings unlocking in tranches of 10% each month, completely unlocking in the coming two months.
Guess the Price, Win the Airdrop
At 2:00pm on October 12th, we hosted a “guess the price, win the airdrop” activity that allowed a total of nearly 1,100 people to attempt to guess what MCC’s price would be in the 3 days following the 15 minute event.
Winners’ guesses had to be within a certain percentage of where the price was trading at on the third day after the competition completed, with 150 lucky winners receiving the MCC reward.
Magic Cube x QB.com AMA
On October 12th at 5:00pm, Rudy participated in an AMA with QB.com, answering the questions of perspective MCC investors and community members alike.
The theme of this event was “MCC’s Value Logic,” and Rudy spoke in-depth about MCC’s role within the bourgeoning decentralized entertainment ecosystem.
MCC Lands on QB.com
On October 12th at 4:00pm Beijing time, Magic Cube joined forced with QB.com — a leading digital asset trading platform — to help grow the MC community and to improve MCC’s fundamental strength.
Within 15 minutes of listing, MCC’s 24-hour trading volume on the platform was in the top five of all the cryptocurrencies added to the platform.
We will continue to keep our valuable community members updated with any and all new project developments, so please stay tuned!
Best,
The Magic Cube Team
