A competition to celebrate the 1inch / Magic Square integration

To celebrate the integration of the 1inch Swap API into Magic Square, a competition will be launched, with a prize pool of $25,000 in Magic Square’s SQR tokens.

Magic Square has integrated the 1inch Swap API into its Magic Store platform in a move to streamline and enhance user experience by providing an efficient and effective swap service directly within the Magic Store interface. Users can now earn Karma Points for every transaction they make through this new feature, increasing their rewards in SQR.

"This collaboration with 1inch marks a significant milestone for Magic Square,” Andrey Nayman, Magic Square founder and CEO, commented. “Our goal has always been to provide our users with the most seamless and rewarding experience possible. By integrating the 1inch Swap API, we're not only expanding our service offerings but also enhancing the overall value for our community through additional rewards."

"We are thrilled to collaborate with Magic Square," added Alexandra Fetisova, partners & community lead at 1inch. "The 1inch API, offered by our developer portal, aims to make users’ DeFi journey smoother and more efficient."

The Magic Swap Competition 

To celebrate this integration, Magic Square and 1inch are launching the Magic Swap Competition with a prize pool of $25,000 in SQR, Magic Square’s token. The competition is designed to encourage active participation and engagement from the community, rewarding users for their swaps on the Magic Store platform.

Prizes in SQR:

• $2,500: 1 winner
• $1,250: 4 winners
• $500: 20 winners
• $100: 25 winners
• $50: 50 winners

Rules:

• Participants must open a Magic Store account and complete their profile.
• There are no restrictions on swap pairs; any are eligible.
• The competition will run from April 4 through April 30, ending at 12pm UTC.
• Only one entry per user per wallet address will be accepted.
• Swaps exceeding the qualifying amount that result in a refund due to slippage tolerance are still eligible.
• Winners are determined by the largest volume swapped during the qualifying period.

Additional opportunity: retweet to win

In addition to the main competition, users have a chance to win $100 by simply retweeting the competition announcement. By retweeting the announcements from both 1inch and Magic Square, participants increase their chances of winning. Ten randomly selected retweeters will each win $100.

Other conditions:

• To qualify for rewards, swaps must be made using the Magic Store Swap interface. Wallet addresses will be cross-verified to ensure eligibility, and using a different wallet may lead to disqualification.
• Prizes will be distributed after the competition concludes.
• Each wallet address can win a maximum of one reward. In cases where a participant qualifies for multiple rewards, they will receive only the highest-valued reward.
• Illegally bulk registered accounts or sub-accounts will be disqualified from participation and reward eligibility.

Take part in the competition to win a share of the $25,000 prize fund!