Binance‘s US arm, Binance.US, announced that it will list the altcoin project Treasure (MAGIC) coin. Deposits for MAGIC started on the Arbitrum network. Trading for the MAGIC/USDT pair will begin on November 20, 2024, at 5:00 PM UTC.
What is Treasure (MAGIC)?
Treasure offers a decentralized gaming infrastructure. The platform enables the development of Web3 games and is governed by a decentralized autonomous organization (DAO). Additionally, it provides a marketplace for buying and selling in-game NFTs.
MAGIC serves both as a governance and in-game utility coin. Community members can propose and vote on DAO matters using MAGIC coin, allowing them to participate in decision-making processes about the ecosystem’s future. MAGIC is also used as a utility coin across all games within the ecosystem.
Founded in 2021, Treasure is described as a blockchain-based gaming console built on zKsync, one of Ethereum 
$3,118’s Layer-2 scaling solutions. Treasure provides a decentralized infrastructure for game developers and players, featuring popular games like “The Beacon,” “Wanderers,” and “Zeeverse.”
MAGIC Coin Grows in Popularity
The listing of MAGIC coin on Binance.US signifies greater accessibility to a larger user base. Following the announcement, the price of the altcoin surged.
As of the time of reporting, the price of MAGIC coin has risen by 8.08% in the last 24 hours, trading at $0.4382. The trading volume has also increased significantly, with data showing that it rose over 185% in the same period, reaching $68.33 million.
