MagicCraft

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Discover MagicCraft's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is MagicCraft?

MagicCraft (MCRT) is a utility token for a blockchain-based, player-versus-player (PvP) game ecosystem. It offers a play-to-earn model, allowing players to earn MCRT tokens and non-fungible tokens (NFTs) through in-game activities. The token powers transactions within the ecosystem, which includes a marketplace for buying and selling digital assets. The game aims to create a sustainable gaming environment where players can own and trade digital assets across multiple games within the MagicCraft universe.

How is MagicCraft used?

MagicCraft (MCRT) is a utility token used within the MagicCraft ecosystem, a blockchain-based gaming platform. The token serves several purposes:

  1. In-Game Transactions: MCRT is used for all in-game transactions, including purchases of items, power-ups, and participation in battles and tournaments.

  2. NFT Marketplace: Gamers can buy and sell NFTs, such as premium heroes, using MCRT. The value of these NFTs is influenced by enhancements, battle victories, and leaderboard rankings.

  3. Pledging and Rewards: Gamers can lock their tokens in the pledging protocol to earn game rewards and NFTs. The longer the pledging period, the higher the rewards.

  1. Gameplay and Progression: In-game progressions and battle victories provide ongoing MCRT rewards for gamers.

  2. Lobby Creation: MCRT can be used to create lobby games that other players can join, with the lobby details recorded on the blockchain.

  3. Shopping: MCRT can be used for shopping on platforms like CryptoCart, allowing users to purchase items from various brands across multiple countries.

Overall, MCRT is the central token powering the MagicCraft ecosystem, facilitating gameplay, transactions, and interactions within the platform.

How do I store MagicCraft?

To store MagicCraft (MCRT) tokens, you can use the Atomic Wallet, which supports over 1,000 coins and tokens, including MCRT. This wallet is trusted by 5 million users worldwide and offers several benefits:

  • Private: No registration or KYC is required to use the app, ensuring your data remains private.
  • Secured: Your private keys are encrypted and never leave your device, giving you full control over your funds.
  • 24/7 Online Support: Fast support is available through live chat and email for any issues you may encounter.

How to buy MagicCraft?

To buy MagicCraft (MCRT) tokens, you can follow these steps:

Buying on a Centralized Exchange (CEX)
  1. Choose a Reliable CEX: Select a trustworthy crypto exchange that supports MagicCraft (MCRT) purchases. Consider factors like ease of use, fee structure, and supported payment methods.
  2. Create an Account: Enter the required information and set a secure password. Enable two-factor authentication (2FA) for added security.
  3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification, which may require government-issued identification documents.
  4. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.
  5. Buy MagicCraft (MCRT): Use fiat currency to buy MagicCraft (MCRT) directly if supported. Alternatively, purchase a popular cryptocurrency like USDT and exchange it for MagicCraft (MCRT).
Buying via a Crypto Wallet
  1. Choose a Reliable Wallet: Select a reputable crypto wallet that supports MagicCraft (MCRT).
  2. Download the App: Download the wallet application from the Google Play Store, App Store, or as a browser extension.
  3. Create a Wallet: Create a new wallet address or import an existing one. Make sure to write down the seed phrase and keep it secure.
  4. Buy MagicCraft (MCRT): Purchase the cryptocurrency using a supported payment method. Check the fees, as they may be higher than those on exchanges.
  5. Swap for MagicCraft (MCRT): If the wallet doesn't support direct fiat-to-MCRT purchases, buy a popular cryptocurrency like USDT and exchange it for MagicCraft (MCRT) through the wallet or on a decentralized exchange.
Additional Considerations
  • Check Fees: Be aware of the fees associated with each method, as they may vary.
  • Local Laws: Ensure that purchasing MagicCraft (MCRT) is legal in your jurisdiction.
  • Security: Always prioritize security by using strong passwords, enabling 2FA, and storing your seed phrase securely.

By following these steps, you can successfully buy MagicCraft (MCRT) tokens.

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History of MagicCraft

MagicCraft (MCRT) is a cryptocurrency token native to the MagicCraft ecosystem, a blockchain-based game that combines elements of war, conquest, and role-playing. The token is designed to enhance the user experience within the game and provide a means of exchanging value within the game's ecosystem.

Players can stake MCRT tokens to earn rewards based on the power of their in-game assets, such as castles, weapons, armor, and magic scrolls. Additionally, MCRT tokens can be used to buy, sell, and trade NFTs representing in-game assets and to participate in various game modes, including Slay-to-Earn and Standard Mode.

MagicCraft is built on multiple blockchains, including the BNB Chain, Ethereum, and Fantom. The token trades on several decentralized exchanges (DEXs) and has a significant trading history, with a total DEX liquidity TVL of $391,759.23 as of June 19, 2024.

The token's price has fluctuated over time, with a current price of $0.001432 on DEX markets. The total DEX trading history for the last 24 hours includes 87 trades with a trading volume of $7,797.18. The token's market capitalization is $6,070,295, with a circulating supply of 4,364,257,893 MCRT and a total supply of 7,199,999,993 MCRT.

MagicCraft has a strong community and is part of a larger ecosystem of Web3 games, each with its own storyline and characters. The token's utility extends across multiple games within the ecosystem, allowing players to earn rewards and own meaningful digital collectibles.

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How MagicCraft works

MagicCraft (MCRT) is a cryptocurrency token that serves as the native utility token for the MagicCraft blockchain game. It is built on the Binance Smart Chain (BSC) and operates as a BEP-20 smart contract. The token is designed to facilitate various activities within the game, including in-game purchases, power-ups, and participation in battles and tournaments.

Tokenomics

The tokenomics of MCRT are structured to distribute tokens across different categories. These include:

  • Pre-Game Reward: 6% of the tokens are allocated for pre-game rewards.
  • Reserve Fund: 9% of the tokens are reserved for future use.
  • Public Sale: 3.50% of the tokens were sold during the public sale.
  • Liquidity: 6% of the tokens are dedicated to maintaining liquidity.
  • Pledging Issuance: 12% of the tokens are issued through the pledging protocol.
  • Advisors: 5% of the tokens are allocated to advisors.
  • Development Team: 43.50% of the tokens are held by the development team.
  • Eco Growth/Gaming Issuance: The remaining tokens are used for ecosystem growth and in-game rewards.
Usage

MCRT tokens can be used in several ways:

  • In-Game Purchases: Players can use MCRT to buy items, power-ups, and other in-game assets.
  • Pledging: Gamers can lock their tokens in the pledging protocol to earn game rewards and NFTs. The longer the pledging period, the higher the rewards.
  • NFT Marketplace: MCRT is accepted as a universal currency within the MagicCraft NFT Marketplace, allowing players to purchase and sell NFTs.
  • Staking: Token holders can stake their MCRT to earn rewards and participate in governance.
  • Governance: MCRT holders have a say in the game's development through governance voting.
NFTs

MagicCraft incorporates non-fungible tokens (NFTs) as a key component of the game. NFTs represent in-game characters, items, and land, which can be bought, sold, and traded. They also enhance the staking bonus for MCRT holders. The game features a rental system, allowing NFT holders to rent their assets to other players and share the rewards.

Game Mechanics

The game is designed as a massive multiplayer online role-playing game (MMORPG) with a focus on castle sieges. Players participate in battles using their NFT characters, known as Heroes, which can be enhanced with NFT items. The spoils of war are distributed to the winners in the form of MCRT tokens. The game aims to provide a sustainable ecosystem for gaming, investing, and in-game exchange.

Trading and Availability

MCRT tokens can be traded on various platforms, including MEXC Global, Bitmart, and PanCakeSwap. The token's popularity has led to significant growth, with a 1,000% increase from its initial decentralized exchange offering (IDO) price.

Overall, MagicCraft (MCRT) is a cryptocurrency token that powers the MagicCraft blockchain game, providing a comprehensive ecosystem for gaming, staking, and governance.

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MagicCraft's strengths

The token MagicCraft (MCRT) has several strengths:

  • Play-to-Earn Mechanics: MagicCraft offers a play-to-earn model where players can earn MCRT tokens and NFTs through their gameplay, providing a tangible incentive for active participation.
  • Diverse Gaming Experience: The game offers a variety of modes, including battles, quests, guild wars, and tournaments, ensuring a diverse and engaging experience for players.
  • NFT Marketplace: The platform includes a marketplace where players can buy and sell NFTs, enhancing the overall gaming ecosystem and providing additional utility for the MCRT token.
  • Pledging and Rewards: Gamers and community supporters can lock their tokens to earn game rewards and NFTs, with longer pledging periods yielding higher rewards.
  • Multi-Chain Compatibility: MCRT tokens are available on multiple blockchain platforms, including Binance Smart Chain, Ethereum, and Solana, increasing accessibility and flexibility.
  • Constantly Evolving Utilities: The ecosystem aims to expand the range of utilities available for the MCRT token, enhancing the overall gaming experience and token value.
  • Strong Community: The game has a dedicated community with a focus on collaboration and support, fostering a positive environment for players and token holders.

These strengths contribute to the overall appeal and potential of the MagicCraft (MCRT) token.

MagicCraft's risks

MagicCraft (MCRT) is a cryptocurrency token that carries various financial risks. These risks include:

  1. Regulatory Risks: The regulatory status of MagicCraft and $MCRT is unclear in many jurisdictions, which could lead to enforcement actions, making it illegal or commercially undesirable to operate in certain areas.

  2. Volatility: Cryptocurrencies are known for their volatility, and $MCRT is no exception. Its value can fluctuate rapidly, leading to potential losses.

  3. Lack of Disclosure: As MagicCraft is still under development, its technical details and parameters may change frequently, leading to inadequate disclosure of information to holders of $MCRT.

  1. Jurisdictional Risks: The purchase and holding of $MCRT may be illegal or penalized in certain countries, and MagicCraft does not offer its services in these jurisdictions without proper legal advice.

  2. Taxation Risks: Depending on the laws of the jurisdiction, the purchase of $MCRT may be subject to taxation, and it is the responsibility of the buyer to consult a tax professional for advice.

  3. Risk of Loss: There is a risk of losing all or part of the $MCRT held due to unforeseeable events or market fluctuations.

  1. Competitive Risks: MagicCraft faces competition from other decentralized applications, games, and platforms, which could negatively impact the value of $MCRT.

  2. Intellectual Property Risks: MagicCraft is not responsible for losses arising from the removal of NFTs that violate intellectual property or copyright laws.

These risks highlight the importance of thorough due diligence and professional advice before investing in $MCRT.

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Did MagicCraft raise funds?

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MagicCraft’s team

  • Founder: James Stock Guru, an 18-year industry veteran with a diverse background in business and investing, is the founder of Magic Craft. He is a multi-millionaire with extensive knowledge of the cryptocurrency and stock markets and is semi-retired.
  • Advisors: The team includes top advisors such as The Moon Carl, Slavik Junge, Chris MMCrypto, CryptoMo, and Alex Meurer.
  • Executive Producer: Roman Shportko is the Executive Producer of Magic Craft.
  • Media Advisor: Davinci Jeremie is the Media Advisor for the project.
  • Game Developer: Serhiy Nyzhnyk is a key member of the development team.
  • UX/UI Designer: Dariia Silkina is responsible for the user experience and user interface design of the game.
  • Illustrator: Houssame Khairane is the illustrator behind the game's mystical creatures.
  • CVO/Blockchain Economy Design: Mario Cristian Ciurcanu is involved in the blockchain economy design and overall vision of the project.

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