# Introduction to the DeFi Magic Ecosystem

### **Welcome to DeFi Magic**

DeFi Magic is a unique cross chain DeFi utility ecosystem project built upon a evolutionary framework, whose codebase is future proof, easily upgradeable, and continuously expanding. As decentralized finance continues its technological growth and evolution, so too will Defi Magic.\\

In this document, we may use the term Magic Ecosystem Tokens, or simply “DeFi Magic” to reference any combination of tokens within, the Magic, Dark Magic, Axioms ecosystems and sub ecosystems, and the project in its entirety. Magic is a Binance Smart Chain token. Dark Magic is a Polygon (formerly Matic Network) token. Axioms is an Ethereum Network token. Any reference to actions of a specific token is relating to their respective chains or products on their respective chains.\\

**We're taking DeFi to a whole new level. Welcome to DeFi Magic.**

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### **What is DeFi Magic**

DeFi Magic is a burning utility token ecosystem. An ever-expanding product-based platform with value based on use-case and true purpose.&#x20;

Magic is DeFi, future proofed and leveled up.

### **Burning Utility**

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Burning utility is a term we have coined. What this means is that our main ecosystem tokens, Magic and Dark Magic, provide value as a utility in other projects, including, as a spend and burn.

This means that when interacting with other projects, acquiring Magic Ecosystem Tokens and spending them gives you advantages such as greater yields, unique NFTs, reduced transaction fees and more .

In addition, once you spend the tokens, they lead to a certain amount burned, removed from supply forever.

Thus reducing the supply.

### What Are Utility Tokens

Utility tokens are tokens that serve a function or use. They have a purpose that typically gives access to products or services. This means the value is not in speculation, but rather what you can do with the tokens.&#x20;

### **Why did we build Defi Magic**

We set out to create a crypto project centered around pure utility, that incorporates the latest advances in defi technology; one which can be easily expanded to include technologies not yet invented. We have built a project where the value is based on function and purpose, not on speculation.

DeFi Magic is purpose built with utility at its core.

### **Powered by Axioms**

DeFi Magic was crafted by Axioms.
