Magic Launchpad, the multi-chain web3 launchpad backed by Binance Labs, wants to transform the landscape of Initial DEX Offerings (IDOs). Central to this aim is its release of three cutting-edge features designed to level the playing field for DeFi retail investors and maximize their returns.
The effectiveness of the aforementioned features – Turbo Charge, a Dual Round System, and OTC Pre-Market Allocations – was put to the test during the recent Early Access Token Sale (EATS) for social-fi derivatives platform Storm Trade, which not only met but exceeded expectations. Incredibly, the sale raised a staggering 20x its initial goal, serving as a compelling testament to Magic’s nifty new tools.
Turbo Charging Token Sales
At the heart of the launchpad’s new offering is Turbo Charge, a feature that lets participants amplify their buying power by up to 500%.
During the Storm Trade sale, savvy investors were able to leverage Turbo Charge to obtain significantly larger stakes than they would have secured through traditional means. The feature is said to not only boost individual investor potential but also introduce a novel utility for Magic Square’s native $SQR token, since refunds are issued in $SQR rather than USDT.
The new Dual Round System, meanwhile, introduces a refreshing balance to the often frenzied world of token sales. By offering both First-Come, First-Served (FCFS) and Pro-Rata Rounds, the platform caters to different types of investors.
In the case of the Storm Trade sale, for instance, the FCFS round sold out in minutes – though early-bird investors weren’t the only cohort left satisfied. Magic’s system is configured in such a way that allocations can be earmarked to reward Magic Store Members and active community members, too. The Pro-Rata Round, for its part, distributes tokens based on the size of participants’ deposits relative to the total amount in the pool.
The third feature Magic has rolled out is aimed at those looking to get in on the ground floor. With the launchpad’s OTC Pre-Market Allocations, select users gain early access to token sales at pre-market rates, giving rise to the prospect of locking in profits before public listing.
This particular strategy paid off handsomely for early Storm Trade investors, with $STORM tokens trading at up to 3.5x the presale price on the OTC market post-sale.
Magic Launchpad being community-driven, the success of these new features will depend entirely on how much users value them. The platform is currently gearing up for its IDO for restaking marketplace AutoLayer, with the price set at $0.65 and investors free to leverage the new features to maximize their profitability.
