MAGIC is the token used by Treasure, a project on Arbitrum that aims to build a gaming ecosystem and infrastructure. Some of its products include Trove, The Beacon, and Bridgeworld. For NFT transactions, staking, governance, and other gaming-related uses, the utility and governance token MAGIC is employed.
The Innovation Zone is a designated trading area where users can trade innovative tokens that are more likely than other tokens to be volatile and hazardous.
Additionally, Binance has added MAGIC earlier as a new borrowable asset using these new margin pairings on an Isolated Margin within 48 hours, 2022-12-12 08:00 (UTC). Two new Isolated Margin pairs are MAGIC/BUSD and MAGIC/USDT.
MAGIC's price climbed by 75.32% over the previous 24 hours, according to data from CoinGecko but has now shown decline falling to 54.4% mark and currently trading at $0.84.