A New Chapter in Magic Square: Binance Chain Migration
We are thrilled to announce that we will migrate from Solana to Binance Chain for the best user experience. The network migration would enable a stable environment for Magic Square to seamlessly integrate thousands of crypto apps, translating the vision of becoming the “Home for All Crypto” into reality.
Say Yes to Better Experience on BNB Chain
Following the conclusion of our seed funding, the strategic investment of Binance Labs unlocks the possibilities for Magic Square to hyperscale the system performance in various aspects, such as integration, app listing and all on the Binance Chain. BNB Chain supports smart contracts with EVM compatibility, allowing us to deploy more flexibly. The migration to BNB Chain will be implemented for the official launch on Mainnet.
Mass adoption of the Binance chain has accelerated in recent years and has become dominant in the market. Nansei.ai reported 3M+ active addresses on Binance Chain during the first week of July. The chain is backed by Binance with a community of 15 million+ users. The figure has demonstrated the popularity and immense power of the chain network. Binance Chain utilizes Proof of Staked Authority (PoSA) consensus which allows the algorithm to produce a new block every 3 seconds.
More than 100,000 people signed up for Magic Square’s Beta Phase I waitlist in the past few months, and this will continue to grow at an exponential rate. Seeing the increasing number of interests and demand, we decided to expand our capabilities through this migration. We can’t wait to start the new journey with you!
About Magic Square
Magic Square is a decentralized solution that simplifies Crypto.
Users can discover dApps, CeFi and DeFi, NFTs, Games, and much more in one place with an intuitive design.
The Crypto App Store is a Web3 solution where the community vets, ranks, and prioritizes the apps via a DAO mechanism with clear earning metrics to incentivize the participation of validators, creators, and users.
Users can access all of the community vetted content with one click using the Magic Connect (Decentralized ID). This multi-chain wallet solution aims to become the Web3 alternative to Google or Apple connect.
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