Magic (MAGIC) is a revolutionary Blockchain network that serves as the lifeblood of gaming communities on the Treasure Metaverse platform. In this article, we will explore what Magic (MAGIC) is and how to acquire it using TRY.
What is Magic (MAGIC)?
Magic is not just a mere cryptocurrency; it acts as a vital link connecting gaming enthusiasts on the Treasure Metaverse platform. Developed by the platform’s founders, John Patten, Gaarp, and Karel Vuong, Magic serves as the official currency within the Treasure Metaverse ecosystem. Its primary purpose is to facilitate the seamless trading of in-game non-fungible tokens (NFTs) on the platform’s marketplace, known as Trove. Launched in September 2021, Magic operates as an ERC-20 token on the Ethereum network.
Magic leverages the power of smart contracts on the Ethereum network to ensure secure and efficient transactions. As players engage with the Treasure Metaverse platform and join active gaming communities, the supply of MAGIC coins adjusts dynamically. Unlike traditional cryptocurrencies with a fixed supply, the number of MAGIC coins decreases as more players join the platform. Additionally, users who hold and stake MAGIC coins gain the opportunity to participate in the decision-making process regarding the governance of the Treasure Metaverse platform.
Storing MAGIC coins is both simple and secure. As an ERC-20 coin, MAGIC can be stored in any Ethereum-compatible wallet that supports ERC-20 tokens. Popular options for storing MAGIC coins include MetaMask, MyEtherWallet, and Ledger Nano S. By storing MAGIC coins in a private wallet, users have complete control over their funds and can access them whenever necessary.
How to Buy Magic (MAGIC) with TRY?
For investors in Turkey who wish to purchase Magic (MAGIC), Binance TR is the most suitable cryptocurrency exchange. Binance TR offers a seamless trading experience and supports the buying and selling of over 100 cryptocurrencies, including MAGIC. To acquire Magic (MAGIC) with TRY on Binance TR, follow the step-by-step guide below.
Step 1: Open an Account on Binance TR
Creating an account on Binance TR is a simple process. Visit trbinance.com and proceed to the “Create Account” section. You will be prompted to provide basic information such as your email address, phone number, name, date of birth, nationality, and T.C. identity number.
Step 2: Verify Your Account on Binance TR
Account verification is a crucial security measure that must be completed before engaging in cryptocurrency trading on Binance TR. You can complete the verification process either through your mobile phone or the official Binance TR website. Keep in mind that you will need your mobile phone for identity verification on the website.
Step 3: Deposit TL on Binance TR
Depositing Turkish lira (TL) into your Binance TR account is a straightforward process. You can deposit funds from various banks, including Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. Deposits from other banks can be made 24/7 up to 50,000 TL via FAST, while deposits over 50,000 TL from other banks are processed during EFT hours.
Step 4: Buy MAGIC Coin with TL on Binance TR
After completing the deposit process, you can proceed to purchase MAGIC coins with TL. Access the “Buy-Sell” option on the top left menu of the Binance TR website. On the resulting page, type “MAGIC” in the search box and select the MAGIC/TRY option to access the MAGIC purchase page. Enter the desired price and quantity of MAGIC coins, then finalize your purchase by clicking the “Buy MAGIC” button.
What is Binance TR?
Binance TR is the Turkish platform of Binance, the world’s largest cryptocurrency exchange in terms of trading volume. Launched in 2020, Binance TR caters specifically to cryptocurrency investors in Turkey. Headquartered in Istanbul, Binance TR benefits from Binance’s advanced technology, security measures, and liquidity provided through the Binance Cloud infrastructure. The platform offers both fiat-to-crypto and crypto-to-crypto trading services, allowing users to seamlessly deposit and withdraw Turkish lira (TRY) and trade various cryptocurrencies with TRY trading pairs.
Users of Binance TR enjoy access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls. Binance TR empowers investors in Turkey to engage in secure and efficient cryptocurrency trading.
Please note that the information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own thorough research. Stay updated with the latest financial and business news on COINTURK FINANCE.