Binance‘s US division, Binance.US, announced the listing of the altcoin project Treasure (MAGIC) coin. Deposits for MAGIC via the Arbitrum network have commenced, and trading for the MAGIC/USDT pair will begin on November 20, 2024, at 17:00 UTC.
What is Treasure (MAGIC)?
Treasure provides a decentralized gaming infrastructure that enables the development of Web3 games. The Treasure ecosystem is governed by a decentralized autonomous organization (DAO) and offers a marketplace where in-game NFTs can be bought and sold.
MAGIC serves both as a governance and in-game utility coin. Community members can use MAGIC coin to propose and vote within the DAO, thereby participating in decision-making processes regarding the ecosystem’s future. Additionally, MAGIC is utilized as a utility coin across all games in the ecosystem.
Launched in September 2021, Treasure is a blockchain-based gaming console built on zKsync, which is one of Ethereum 
$3,139‘s Layer-2 scaling solutions. Treasure provides a decentralized infrastructure for game developers and players, hosting popular games such as “The Beacon,” “Wanderers,” and “Zeeverse.”
MAGIC Coin Gains Momentum
The Binance.US listing for MAGIC coin signifies access to a broader user base. Following the announcement, the price of the altcoin surged.
At the time of reporting, MAGIC coin’s price had increased by 8.08% over the past 24 hours, trading at $0.4382. Additionally, trading volume has seen a notable rise, with data showing an increase of over 185% in the same time frame, reaching $68.33 million.
