Step into the realm of Cosmic Universe, where magic meets blockchain technology. Cosmic Universe Magick ($MAGICK) is the heartbeat of this fantasy world-builder MMORPG, meticulously crafted on the Avalanche blockchain. As players immerse themselves in harvesting resources, developing lands, questing, and forging alliances, $MAGICK emerges as the indispensable utility and governance token, facilitating seamless transactions and enhancing the gaming experience. Whether it's acquiring new skills, leveling up characters, or unlocking exclusive content, $MAGICK empowers players to truly own and shape their in-game journey. Dive in, and let the enchantment begin.
What is Cosmic Universe?
Cosmic Universe is an innovative fantasy world-builder MMORPG that leverages the power of blockchain technology. Developed on the Avalanche blockchain, this game integrates exclusive character and land NFT collections, focusing heavily on harvesting and mining resources, buying and developing land, questing, acquiring skills and magic, leveling-up characters, and forging alliances with others to create social communities. The game aims to create an immersive experience where players can earn rewards through skilled gameplay and contributions to the ecosystem.
The Role of $MAGICK in Cosmic Universe
Utility and Governance
$MAGICK is the utility and governance token of the Cosmic Universe ecosystem. It is integrated into both the minigame prequel Dawn of Crypton and the flagship MMORPG. The token serves multiple purposes within the game:
- Medium of Exchange: $MAGICK is used for transactions within the game, enabling players to buy and develop land, acquire skills and magic, level-up characters, and forge alliances.
- Governance: Token holders can participate in the governance of the Cosmic Universe ecosystem, having a say in decision-making processes and the future development of the game.
- Rewards: Players can earn $MAGICK through skilled gameplay and contributions to the ecosystem, incentivizing participation and engagement.
- Access: $MAGICK provides access to exclusive content, events, or features within the game, creating a tiered system that rewards dedicated players and investors.
- Interoperability: As a token on the Avalanche blockchain, $MAGICK benefits from the network's scalability, security, and low transaction fees, enabling seamless integration with other decentralized applications and services.
Tokenomics and Distribution Model
Initial Distribution
The initial distribution of $MAGICK is designed to ensure a fair and balanced allocation of tokens across various stakeholders:
- 33.00% allocated to Treasure Farm
- 25.00% allocated to Mining Rewards
- 17.00% allocated to Staking / Liquidity
- 15.00% allocated to Ecosystem Fund
- 10.00% allocated to the Team
Supply and Inflation
The maximum supply of $MAGICK tokens is capped at 347,714,007. The supply is expected to be fully vested by September 2028. The token has an annual inflation rate of 15.7% until March 2025, after which the inflation rate will be 0%.
Market Data
As of the latest data, the market statistics for $MAGICK are as follows:
- Current Price: $0.0117
- Market Cap: $0.00
- 24h Price Change: -2.98%
- 7d Price Change: -30.12%
- 30d Price Change: -33.93%
- 24h High: $0.0121
- 24h Low: $0.0117
- All-Time High: $2.5681 (2021-10-23)
- All-Time Low: $0.0000 (2022-01-28)
- Circulating Supply: 0.00
- Total Supply: 68,766,108.00
Unique Features and Benefits
Integration with Cosmic Universe
One of the unique features of $MAGICK is its deep integration with the Cosmic Universe game. This integration allows players to earn rewards and participate in the game's economy using the token. This sets $MAGICK apart from other tokens that may not have a specific use case or application.
Built on Avalanche Blockchain
$MAGICK is built on the Avalanche blockchain, known for its fast transaction speeds and low fees. This makes it more convenient and cost-effective for players to use $MAGICK within the game, compared to tokens built on other blockchains with slower transaction times and higher fees.
The Team Behind Cosmic Universe
The Cosmic Universe project is developed by a team of experienced professionals with a background in cryptocurrency and blockchain technology. One of the core team members is Yuma, who serves as the Community Manager. The team is responsible for building the Cosmic Universe community and developing the immersive 3D UE5 fantasy blockchain metaverse worldbuilder MMORPG.
Team Qualifications
While specific details about the team members' qualifications are limited, it is mentioned that they have been involved in cryptocurrency for over a year. The team's focus on developing a blockchain-based game with NFTs indicates that they have some familiarity with the unique challenges and opportunities presented by blockchain technology.
Advisors and Partners
The project does not provide specific details about notable advisors, partners, or investors involved. However, the team's commitment to creating an immersive gameplay experience with opportunities for players to earn rewards through skilled gameplay and contributions to the ecosystem is evident.
Tokenomics and Distribution Model
Vesting Periods and Lock-Ups
The initial supply of $MAGICK was 2,000,000, and the current supply is approximately 69,000,000, with a max supply of 100,000,000. The token has an annual inflation rate of 15.7% until March 2025, after which the inflation rate will be 0%.
Token Allocation
Cosmic Universe has multisig treasury wallets on Pangolin, with 10% allocated for Development, 7% for Marketing/Design, and 3% for Founders/Team. The token distribution model ensures a balanced allocation of tokens across various stakeholders.
Mechanisms to Control Inflation
The $MAGICK token has a burn mechanism, with 1,101,715 tokens burned so far. This helps control inflation and maintain the token's value. The primary liquidity pool is MAGICK-AVAX, and it can be bought using USDC or AVAX on Trader Joe. The MAGICK farms receive 80% of all MAGICK emissions.
Conclusion
Cosmic Universe Magick ($MAGICK) is more than just a token; it's the lifeblood of an enchanting blockchain-based MMORPG. With its deep integration into the game, $MAGICK facilitates transactions, governance, rewards, and access to exclusive content. Built on the Avalanche blockchain, it offers fast transaction speeds and low fees, making it a convenient and cost-effective choice for players. The team's commitment to creating an immersive and rewarding gaming experience is evident, and the tokenomics and distribution model ensure a fair and balanced allocation of tokens. Dive into the Cosmic Universe, and let the magic of $MAGICK enhance your gaming journey.
