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Tokenomics

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Last updated 3 months ago

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: ~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%

MAGICK Distribution

Buy MAGICK

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.

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