Tokenomics
Since Cosmic Universe is a full on-chain blockchain game, an ecosystem token is essential for the project.
The primary in-game cryptocurrency used in Cosmic Universe's ecosystem is MAGICK, which was released in August 2021 (original symbol: MAGIC) as a public fair launch on decentralized exchanges. There was no ICO or VC investment involved.
MAGICK
Unlike complex dual or triple token models, $MAGICK consolidates as much ecosystem value as possible into a single token.
Cosmic Universe's MAGICK token is used for the following:
Governance
Yield farming
Single staking
Upgrading land
Customizations
Beautification
Land staking
Renting land
Renting billboards
Accelerating build times
Character leveling & staking
Activating land staking seeds
Accelerating energy replenishing
Player-launched token-gated experiences
Various uses within minigame Dawn of Crypton
Various in-game uses in our upcoming MMORPG
Entering tournaments, festivals, and special events
Avalanche MAGICK Token Contract: 0x9A8E0217cD870783c3f2317985C57Bf570969153
MAGICK on Avalanche's explorer here.
The MAGICK token has the following technical details:
Symbol: MAGICK
Blockchain: Avalanche C-Chain
Decimals: 18
Max Supply: 100,000,000
Initial Supply: 2,000,000
Current Supply: ~69,000,000
Initial Price: $0.01
Initial Release: August 19, 2021
Burned Supply: 1,101,715
Lockup Percentage: 0%
Distribution Source: MAGICK Yield Farms
Last MAGICK emitted: March 2025
Annual Inflation until March 2025: 15.7%
Annual Inflation after March 2025: 0%
MAGICK Distribution
Buy MAGICK
Currently, the majority of liquidity for MAGIC is on Trader Joe.
Get MAGIC using USDC here.
Get MAGIC using AVAX here.
Liquidity Pools
MAGICK's primary liquidity pool is MAGICK-AVAX.
MAGICK-USDC Liquidity Pool: https://traderjoexyz.com/pool/0x9a8e0217cd870783c3f2317985c57bf570969153/0xb97ef9ef8734c71904d8002f8b6bc66dd9c48a6e
MAGICK-AVAX Liquidity Pool: https://traderjoexyz.com/pool/0x9a8e0217cd870783c3f2317985c57bf570969153/AVAX
Yield Farms
The MAGICK farms receive 80% of all MAGICK emissions.
MAGICK/AVAX & MAGICK/USDC: https://gallery.cosmicuniverse.io/farms
MAGICK Chart
MAGICK/USDC on Avalanche via DEXScreener here.
MAGICK/AVAX on Avalanche via DEXScreener here.
NFT Contracts
For all Cosmic Universe smart contracts, head over to our GitHub.
Note: Make sure you make the Decimals 0 instead of 18 when entering the contract address for NFTs into MetaMask.
TREASURY WALLETS
Cosmic Universe has multisig treasury wallets on Pangolin:
Development: 0xD2578A0b2631E591890f28499E9E8d73F21e5895
Marketing: 0xa58ff23fd659dEe2f1190DA37b9a9e1B25E20aAa
Founders & Team: 0x0cd43e65bc5246ba75D4B6B0FC95493C09A1D61f
Regarding token allocation, here is a MAGICK breakdown for the aforementioned treasury wallets:
10% for Development
7% for Marketing/Design
3% Founders/Team
Last updated