Tokenomics
Last updated
Last updated
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.
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: ~88,000,000
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%
Currently, the majority of liquidity for MAGIC is on Trader Joe.
Get MAGICK using USDC here.
Get MAGICK using AVAX here.
Note: Trader Joe lists MAGICK under the GameFi tab.
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
The MAGICK farms receive 80% of all MAGICK emissions.
MAGICK/AVAX & MAGICK/USDC: https://gallery.cosmicuniverse.io/farms
MAGICK/USDC on Avalanche via DEXScreener here.
MAGICK/AVAX on Avalanche via DEXScreener here.
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.
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
