MagicLand wallet

What is MagicLand (MAGIC)?

Before anything else about MagicLand: on Arbitrum One there is a second, much better known token trading under the ticker MAGIC, the one tied to the Treasure gaming ecosystem. They are unrelated projects that happen to share three letters on the same chain. Wallets, price sites and swap interfaces all key on the contract, not the symbol, so when you add this token or accept a transfer, match the contract the listing gives you rather than trusting the ticker. Getting this wrong is the single most common way people end up holding something other than what they meant to hold.

MagicLand itself is a small DeFi farming project built on Arbitrum, with a deployment on IoTeX as well. MAGIC here is the project's own ERC-20 on Arbitrum: a plain token, no rebasing, no balance that moves on its own. Its uses are internal to the platform, which means the token is mostly interesting inside that ecosystem and thin outside it - worth knowing when you plan how to move it later.

Holding costs nothing, but moving does. Arbitrum fees are settled in ETH on Arbitrum, so keep a small ETH balance in the same wallet as the token or you will not be able to send or swap it. With Tangem, that ETH sits beside the MAGIC in one wallet and a transfer is signed by tapping the card on the back of the phone, which keeps the routine of small Arbitrum transactions from turning into an errand. For a token you will be handling by hand rather than parking forever, that convenience is the point.

Supported networks in Tangem (1): Arbitrum One.