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description: Tokenomics, the key aspects that will drive the success of Magicland.
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# Ⓜ️ MAGIC Token(ARBITRUM)

| Type                    | Details                                            |
| ----------------------- | -------------------------------------------------- |
| **Blockchain**          | Arbitrum                                           |
| **Ticker**              | MAGIC                                              |
| **Symbol**              | $MAGIC                                             |
| **Token Contract**      | 0x2c852D3334188BE136bFC540EF2bB8C37b590BAD         |
| **Max supply**          | 4,206,969                                          |
| **Emissions Per Block** | 6.5 MAGIC first then reduced to X MAGIC afterwards |
| **Pre-Mint**            | 4000 MAGIC                                         |

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Tokens minted to the Magicland multi-sig wallet are used to ensure essential growth of the Magicland including partnerships, contests, talent acquisition, and new product development.​
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2% of each newly minted $MAGIC token is automatically burnt when the harvest function has been called.
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Emissions Per Block is in Ethereum block time. ​Pleae refer the documentation here. [https://developer.offchainlabs.com/docs/time\_in\_arbitrum](https://developer.offchainlabs.com/docs/time_in_arbitrum)
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