The MAGIC farm is ending! The Treasure ecosystem will now officially be transitioning to Arbitrum in October.
Here is a quick guide on everything you need to make the transition with us:
Tomorrow (10/7), we will create a staking pool on Treasure.lol for MAGIC that will migrate you to Arbitrum when v1 goes live. You cannot withdraw after staking. (Your tokens will effectively be burnt, and you will be credited for this amount on Arbitrum.) *You will still need to claim your tokens on Arbitrum and deposit them into the v1 mine to continue earning MAGIC.* Read here to catch up on MAGIC staking and why it’s the crux of the project moving forward.
If you stake 10,000 MAGIC in the staking pool tomorrow and own a treasure NFT, you will automatically receive a common legion claimable on Arbitrum.
Tomorrow we will also release a staking pool for unfractionalized treasures. You can deposit your cards into this pool and be credited with treasure fractions on the other side when v1 goes live.
Legion rewards will be claimable at the very beginning of v1.
Leave your treasure fractions in the staking pools on Treasure.lol, and we will migrate you over. The same thing: your old NFTs will be burnt, and you will be able to claim the new upgraded cards.
If you staked n, AGLD, or Loot, you can withdraw now and still receive your special rewards (but you must deposit 10K MAGIC into the Arbitrum migration pool!) These rewards are:
For n holders: a special legion called the Numeraire
For Loot and AGLD: an airdrop of treasures. Previously, the team pledged to give away the founder’s reserve of treasures. We’re making good on this. Loot holders will receive 25% of the founder’s share (2.5% of the total supply of treasures). AGLD holders will receive the same deal. **PLEASE NOTE: If there is a low turnout among these groups for the transition, we will not be distributing the full amount. We are targeting each user to receive +/- 1 standard deviation of the median treasure holdings per user at the time of the airdrop so not to undermine the existing Treasure community. If we do not distribute the full amount, we will document as such and earmark the rest for future runway for the team.
To recap quickly, here’s a flow chart to break it down:
We appreciate our community for getting us this far. A fair launch, free project is really hard to pull off, especially in terms of keeping the core contributors motivated to keep going.
The community kept this project alive. We not only received donations from community members. We’ve had people from the community volunteer countless hours to help us execute this. This list includes artists, comms, UI, Solidity devs, graphic designers, and more. Everything about Treasure — from the website and the logo to the art on the new cards we are releasing— were created by community members who DM’ed us their work and wanted to participate. We were seriously humbled by this and so grateful.
These special rewards were meant as thank you’s to the community who have gotten us this far.
Oh, and there were a couple other special rewards promised along the way. We plan to distribute those to staked MAGIC holders on Arbitrum. The adventures start very soon…
TreasureDAOIntroducing Treasure’s Rebrand | Medium
Treasure has rebranded with a new visual identity as it builds the decentralized game console.In just eight short months, Treasure has achieved milestones that we never could have imagined when we first launched. We’ve become the dominant NFT platform on Arbitrum, created an ever-expanding ecosystem of games and builders, and launched new brands sparking cultural movements. As we looked towards our next stage of growth, we needed to take a step back to set the foundation for Treasure. Today, ...
TreasureDAOMeet Trove: Treasure's New Gamified NFT Marketplace on Arbitrum | Medium
Trove is the leading NFT marketplace on Arbitrum, built for the universe of projects in and around the Treasure ecosystem.Trove has officially launched its alpha version to level up your NFT collecting experience as the successor to the dominant NFT marketplace on Arbitrum, the Treasure Marketplace. Built by TreasureDAO and denominated in MAGIC and ETH, Trove aims to bring a new flavour to NFT marketplaces: gamification. Trove will offer both collections and collectors a unique, gamified expe...
TreasureDAOTreasure: v1 Game Theory
Less than one month in, Treasure has already gone through several big changes. Users are able to fractionalize their treasures, farm MAGIC, and earn rare legion cards. The MAGIC farm has been a success thus far. 60% of MAGIC was locked in the single-sided staking pool. More than 40% of n NFT’s were locked in the farm, as well as 10% of Loot. Liquidity remained strong even after we implemented the single-sided pool incentives. The percent of MAGIC in the MAGIC-ETH UNI pool remained between 13%...
Treasure is the decentralized video game console connecting games and communities together through imagination, MAGIC, and NFTs.
The MAGIC farm is ending! The Treasure ecosystem will now officially be transitioning to Arbitrum in October.
Here is a quick guide on everything you need to make the transition with us:
Tomorrow (10/7), we will create a staking pool on Treasure.lol for MAGIC that will migrate you to Arbitrum when v1 goes live. You cannot withdraw after staking. (Your tokens will effectively be burnt, and you will be credited for this amount on Arbitrum.) *You will still need to claim your tokens on Arbitrum and deposit them into the v1 mine to continue earning MAGIC.* Read here to catch up on MAGIC staking and why it’s the crux of the project moving forward.
If you stake 10,000 MAGIC in the staking pool tomorrow and own a treasure NFT, you will automatically receive a common legion claimable on Arbitrum.
Tomorrow we will also release a staking pool for unfractionalized treasures. You can deposit your cards into this pool and be credited with treasure fractions on the other side when v1 goes live.
Legion rewards will be claimable at the very beginning of v1.
Leave your treasure fractions in the staking pools on Treasure.lol, and we will migrate you over. The same thing: your old NFTs will be burnt, and you will be able to claim the new upgraded cards.
If you staked n, AGLD, or Loot, you can withdraw now and still receive your special rewards (but you must deposit 10K MAGIC into the Arbitrum migration pool!) These rewards are:
For n holders: a special legion called the Numeraire
For Loot and AGLD: an airdrop of treasures. Previously, the team pledged to give away the founder’s reserve of treasures. We’re making good on this. Loot holders will receive 25% of the founder’s share (2.5% of the total supply of treasures). AGLD holders will receive the same deal. **PLEASE NOTE: If there is a low turnout among these groups for the transition, we will not be distributing the full amount. We are targeting each user to receive +/- 1 standard deviation of the median treasure holdings per user at the time of the airdrop so not to undermine the existing Treasure community. If we do not distribute the full amount, we will document as such and earmark the rest for future runway for the team.
To recap quickly, here’s a flow chart to break it down:
We appreciate our community for getting us this far. A fair launch, free project is really hard to pull off, especially in terms of keeping the core contributors motivated to keep going.
The community kept this project alive. We not only received donations from community members. We’ve had people from the community volunteer countless hours to help us execute this. This list includes artists, comms, UI, Solidity devs, graphic designers, and more. Everything about Treasure — from the website and the logo to the art on the new cards we are releasing— were created by community members who DM’ed us their work and wanted to participate. We were seriously humbled by this and so grateful.
These special rewards were meant as thank you’s to the community who have gotten us this far.
Oh, and there were a couple other special rewards promised along the way. We plan to distribute those to staked MAGIC holders on Arbitrum. The adventures start very soon…
TreasureDAOIntroducing Treasure’s Rebrand | Medium
Treasure has rebranded with a new visual identity as it builds the decentralized game console.In just eight short months, Treasure has achieved milestones that we never could have imagined when we first launched. We’ve become the dominant NFT platform on Arbitrum, created an ever-expanding ecosystem of games and builders, and launched new brands sparking cultural movements. As we looked towards our next stage of growth, we needed to take a step back to set the foundation for Treasure. Today, ...
TreasureDAOMeet Trove: Treasure's New Gamified NFT Marketplace on Arbitrum | Medium
Trove is the leading NFT marketplace on Arbitrum, built for the universe of projects in and around the Treasure ecosystem.Trove has officially launched its alpha version to level up your NFT collecting experience as the successor to the dominant NFT marketplace on Arbitrum, the Treasure Marketplace. Built by TreasureDAO and denominated in MAGIC and ETH, Trove aims to bring a new flavour to NFT marketplaces: gamification. Trove will offer both collections and collectors a unique, gamified expe...
TreasureDAOTreasure: v1 Game Theory
Less than one month in, Treasure has already gone through several big changes. Users are able to fractionalize their treasures, farm MAGIC, and earn rare legion cards. The MAGIC farm has been a success thus far. 60% of MAGIC was locked in the single-sided staking pool. More than 40% of n NFT’s were locked in the farm, as well as 10% of Loot. Liquidity remained strong even after we implemented the single-sided pool incentives. The percent of MAGIC in the MAGIC-ETH UNI pool remained between 13%...
Treasure is the decentralized video game console connecting games and communities together through imagination, MAGIC, and NFTs.
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