# Introduction to Magic Staking Platform

By [advocatusdei](https://paragraph.com/@advocatusdei) · 2024-05-12

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![](https://storage.googleapis.com/papyrus_images/33b18ae924f64a34409608243cc8774c.jpg)

[https://staking.magic.store/](https://staking.magic.store/)

Welcome to the Magic Staking Platform, your gateway to maximizing the potential of $SQR tokens. By staking your $SQR tokens with Magic Square, you not only contribute to the platform’s growth but also unlock opportunities to earn APR rewards and obtain SQRp Magic Launchpad Allocation points. Let’s delve into the process and benefits of staking $SQR tokens.

**Staking $SQR Tokens**
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Staking $SQR tokens with Magic Square is a strategic move that offers various benefits, including potential passive income and exclusive access to Launchpad Sales. Here’s a step-by-step guide to staking $SQR tokens:

Step 1: Visit the Staking Page

![](https://storage.googleapis.com/papyrus_images/51382ddb0a277525dcfe45f2683c3fe5.png)

[https://staking.magic.store/](https://staking.magic.store/)

Step 2: Connect Your Wallet

Securely connect your digital wallet by following the on-screen prompts. Choose your preferred wallet provider from the pop-up options.

![](https://storage.googleapis.com/papyrus_images/651d87264f47301be4a97cb711824ea9.jpg)

Step 3: Choose Your Stake

Decide the amount of $SQR tokens you wish to stake. Consider factors such as the lock-in period, potential APR returns, and the SQRp Points you aim to accumulate.

![](https://storage.googleapis.com/papyrus_images/db8c0c39370a4c0386cd9a1fe07cf8ba.png)

Step 4: Approve the Transaction

Review the staking details and approve the transaction in your wallet to finalize your decision.

You can view your staking history at the bottom of the page, where you’ll find options to “Claim Available Earnings” and “Unstake”

![](https://storage.googleapis.com/papyrus_images/0e1be1960804ea85eef1a413fba66e15.jpg)

**Earning APR Rewards**
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When you stake $SQR tokens, you become eligible to earn Annual Percentage Rate (APR) rewards. These rewards serve as passive income and are based on the amount and duration of your stake. APR varies across different pools, so choose wisely based on your preferences and goals.

![](https://storage.googleapis.com/papyrus_images/6e0e89ee6d053f547001f9d4c35b4b12.png)

**Accumulating SQRp Launchpad Allocation Points**
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In addition to APR rewards, staking $SQR tokens also allows you to accumulate SQRp Points. These points are crucial for qualifying for Magic Launchpad Sales, providing you with exclusive access to upcoming projects. The amount of SQRp Points you earn depends on the volume of $SQR tokens you stake and the duration of your stake.

**Conclusion**
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Staking $SQR tokens with Magic Square offers investors both financial rewards and exclusive access to launchpad projects. By staking $SQR, users can earn Annual Percentage Rate (APR) returns and accumulate SQRp points, which grant them access to exclusive opportunities within the ecosystem. However, it’s crucial to consider the risks associated with decentralized finance (DeFi) and smart contract staking before engaging in this strategy. Overall, staking $SQR presents an opportunity for passive income and participation in the growth of the Magic Square platform.

**Useful links**

[https://magic.store/ref/LUoh3HKPQTYfzDxTHMLjrR](https://magic.store/ref/LUoh3HKPQTYfzDxTHMLjrR)

[https://twitter.com/MagicSquareio  
https://discord.gg/magicsquareio  
https://t.me/magicsquare\_announcements](https://twitter.com/MagicSquareiohttps://discord.gg/magicsquareiohttps://t.me/magicsquare_announcements)

[https://magic.store/magic-swap](https://magic.store/magic-swap)

[https://staking.magic.store/](https://staking.magic.store/)

[https://zealy.io/cw/magicsquare-sqr-engage-to-earn/questboard](https://zealy.io/cw/magicsquare-sqr-engage-to-earn/questboard)

Some images were taken from the official Magic Square gitbook [](https://docs.magic.store/)[https://docs.magic.store/](https://docs.magic.store/)

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*Originally published on [advocatusdei](https://paragraph.com/@advocatusdei/introduction-to-magic-staking-platform)*