Thread by @alpha_pls

I've spent the last few months researching @TreasureDao & $MAGIC & am blown away by what is happening.

13 reasons why $MAGIC will be one of the best performers in 2022 🧵👇

1/ Decentralized Nintendo narrative

Just like Nintendo built the NES, @Treasure_DAO has built a framework for Web 3.0 games.

2/ The Team (talent, integrity, commitment)

• Founder @jpatten__ is head of growth at Osmosis
• Team gave away their IP (Free-to-mint NFTs)
• Initial $MAGIC liquidity pool was entirely self-funded & by the core team
• Team compensated in $MAGIC (1 year cliff, 2 years vest)

3/ Massive utility for $MAGIC token

• $MAGIC is in game currency for all games
• $MAGIC is needed to buy NFTs

More utility = More demand for $MAGIC = Numba go up

4/ @TroveByTreasure aims to compete with OpenSea

• Treasure marketplace already doing crazy volume
• Trove marketplace takes this to another level
• Trove to learn from @jumpmanft's Amazon experience

Again, $MAGIC powers everything

5/ Supply shock conditions

• 72% of circulating supply is staked in Bridgeworld

• 50% of this is staked for 12 months

6/ Major exchanges starting to list

• @okx (Second largest global exchange by volume) listed a few days ago

Only a matter of time until more CEX listings.

7/ $MAGIC NFTs gaining blue chip status

• @SmolBrainsNFT - 2589 $MAGIC floor
• Genesis Legions - 14250 $MAGIC floor

8/ Bridgeworld is the next big Play to Earn game

• Flagship Treasure game
• Think what Super Mario Bros did for the NES

The game is live and in its early stages.

Deep dive on Bridgeworld:

9/ Many more games to launch creating more demand for $MAGIC

Fun fact: ALL of the games were and will be FREE MINTS!

10/ $MAGIC is in price discovery

• Broke it's ATH yesterday
• Relative strength vs $ETH & $BTC

$MAGIC couldn't care less about Putin.

11/ @Treasure_DAO launching a dedicated Cosmos chain

• All gaming transactions will take place there
• Cheap transactions

And it's coming sooner than you think.

12/ Still undervalued vs Defi Kingdoms

This should be the minimum target.

13/ Cult like community

Enter the discord and you will understand.

I've come to the conclusion that no one has enough $MAGIC.

I wrote this in early Jan as an intro to the project.

You can join my community and subscribe to this newsletter for free (this is +EV)

alphapls.substack.com/p/treasure-dao