Magic Square 1inch Swap API Integration: Earn Karma Points on Every Swap in the Magic Store
Magic Square has officially integrated the 1inch Swap API into its Magic Store platform. This strategic partnership is designed to streamline and enhance the user experience by providing an efficient and effective swap service directly within the Magic Store interface. Users now have the ability to earn Karma Points for every transaction they make through this new feature, directly increasing their $SQR Rewards.
Andrey Nayman, the Founder and CEO of Magic Square, shared his enthusiasm for the integration: “This collaboration with 1inch marks a significant milestone for Magic Square. Our goal has always been to provide our users with the most seamless and rewarding experience possible. By integrating the 1inch Swap API, we’re not only expanding our service offerings but also enhancing the overall value for our community through additional rewards.”
“We are thrilled to collaborate with Magic Square,” added Alexandra Fetisova, partners & community lead at 1inch. “The 1inch API, offered by our developer portal, aims to make users’ DeFi journey smoother and more efficient.”
The Magic Swap Competition: Celebrating Integration with $25,000 in Prizes
To celebrate the integration of the 1inch Swap API on the Magic Store, we’re launching the Magic Swap Competition. Users with the highest swap volume during the competition period will compete for prizes totalling $25,000 in SQR tokens.
Prize Distribution in SQR:
- $2,500 for 1st Place
- $1,250 for 2nd to 5th Place
- $500 for 6th to 25th Place
- $100 for 26th to 50th Place
- $50 for 51st to 100th Place
Competition Rules:
1. Participants are required to create an account on Magic Store and complete their profile.
2. Swaps can be made with any pair; there are no restrictions.
3. The competition timeframe is from April 4th to April 30th, concluding at 12pm UTC.
4. A limit of one entry per user, tied to a unique wallet address, is enforced.
5. Swaps that exceed the qualifying amount yet result in a refund due to slippage tolerance are considered eligible.
6. Eligibility for rewards requires the use of the Magic Store Swap interface for swaps.
7. Winners will be selected based on the highest volume of swaps made during the competition period.
8. Post-competition, rewards will be allocated to the winners’ MagicID.
9. Accounts or sub accounts registered in bulk illegitimately will face disqualification from both participation and reward entitlement.
Additional Opportunity: Retweet to Win
In addition to the main competition, users have a chance to win 100 USD by simply interacting with the announcement of the competition. By liking and retweeting both 1inch and Magic Square, participants increase their chances of winning. Ten randomly selected retweeters will each win 100 USD.
Earn Karma Points for Every Swap
In addition to the Competition Rewards, for every token swapped to $SQR, you will earn 0.25 Karma Points for each $1 swapped. (Daily Limit: 5000 Karma). For swaps between other tokens, you will earn 0.1 Karma Points for each $1 swapped. (Daily Limit: 2500 Karma). For swapping from $SQR, you will not earn any Karma Points. Total Daily Karma Points Cap: 7500.
For help on how to Swap, check out this guide.
Join Now and take part in the competition to win a share of the $25,000 prize fund!
Magic Square is the first Web3 App Store, designed to address user acquisition challenges, enhance user engagement, and provide a rewarding experience through our community-driven platform. Our platform connects high-quality users with projects, fostering meaningful interactions and growth.
