Sitting at the intersection of nodes-as-a-service (NaaS) and farming-as-a-service (FaaS), Magia Finance is a rising new venture by a team of blockchain veterans.
Their goal is to bring lucrative blockchain investment opportunities to users without the complexity that’s typically associated with this sector.
With minimal entry costs, compounding returns, and many exciting new features in the pipeline, this Avalanche-based protocol is shaping up to be the status-quo challenger of 2022.
Magia Nodes are Good for the Environment and Great for Investors
Traditional nodes require sophisticated computer hardware, which can carry a hefty price tag. There’s also the ongoing cost of electricity to power all that computing horsepower. Much and more has been said about the electricity consumption of Bitcoin mining, with most estimates putting it ahead of many European nations.
At the core of Magia are the Magia Nodes. Unlike traditional nodes, these next-gen virtual structures don’t require any electricity or hardware. The easiest way to understand them is to imagine them as smart contracts that power the MAGIA protocol and all its underlying reward mechanisms.
What makes this setup so powerful are the two major benefits that arise from it. For starters, Magia Nodes are good for the environment because they don’t consume endless amounts of electricity for glorified cryptographic puzzle solving.
On the other hand, the infusion with the $MAGIA token allows users to launch a Magia Node for as little as 10 tokens only. With the price of $MAGIA sitting at roughly $3 as of this writing, that means that the cost of entry is $30 only.
Considering that each Magia Node generates a 3% daily yield across six four-hour intervals, Magia is offering some of the most competitive yield generation rates out there.
These yields can be further strengthened by compounding returns through node-compounding, a process where users leverage the reward tokens to create new nodes. The tier system offers another avenue for yield optimization, with the highest tiers unlocking 40% bonus rewards.
That being said, it’s worth remembering that all rewards are paid out in the protocol’s own native $MAGIA token. The moment that the token fails to hold its price, the entire rewards system could come crashing down. That’s because 3% daily returns would be irrelevant if the token itself drops more in value. Sustainability is the need of the hour for projects like this.
The Secret Sauce of Magia Finance for Sustainable Growth
Magia Finance is not the first Naas and FaaS protocol, and it won’t be the last. What sets it apart, however, is the team’s commitment to creating a sustainable ecosystem that is primed to deliver ROI-positive returns to its investors over the long term.
Instead of relying exclusively on the influx of new users to reward existing users, Mavia is exploring multiple investment opportunities behind the scenes to generate returns and use them as fuel for paying out user rewards.
For instance, the team is constantly studying different chains and investing in R&D to plan out utility-driven projects for the community. An example of this is the Magia Play game that will bring innovative and engaging P2E elements to this ecosystem later this year.
Plans are also underway to launch a decentralized venture capital. This new structure will allow Mavia Finance to invest in promising early-stage projects, the profits of which will be redistributed to node creators. The investments will extend beyond financial support too, as Mavia Finance will allow partner projects to tap into its network and expertise—thus creating a positive loop of innovation that will ultimately lead to new capital flowing into the treasury and enabling sustainable user rewards.
Public Reception of Magia Finance
Considering all those initiatives and all the other exciting utilities that the team is exploring behind the scenes, it’s safe to say that Magia Finance is one of the only few NaaS protocols with sustainability-focused mechanisms built into it.
This commitment to sustainability and innovation is perhaps the primary driver of public interest in this emerging protocol. The public reception has been overwhelmingly positive so far. In fact, the team recently announced a major milestone of crossing 5,000 created nodes last week.
To learn more about Magia Finance and see what sets this next-gen protocol apart from most, interested parties are encouraged to explore the following links:
- Website: https://magia.finance/
- Twitter: https://twitter.com/MagiaFinance
- Discord: https://discord.gg/dtStEnaBY7
Media Contact
Company Name: Magia.Finance
Contact Person: Media Relations
Email: Send Email
Country: Estonia
Website: https://magia.finance
