1. What is SQR?

Introduction to SQR Cryptocurrency

SQR cryptocurrency is a digital currency based on blockchain technology. Here is a general introduction to cryptocurrencies:

1. Definition and Characteristics: Cryptocurrency is a digital currency based on blockchain that is not controlled by any central authority. It facilitates peer-to-peer transactions using a decentralised network and ensures security through cryptographic principles.

2. How to Acquire: There are mainly three ways to acquire cryptocurrency: mining, earning rewards by completing tasks on the blockchain, and purchasing from cryptocurrency exchanges.

3. Cryptocurrency Mining: Cryptocurrency mining is the process by which new coins enter circulation. It involves solving complex mathematical problems with high-performance hardware on a distributed network, and the first computer to find the solution is rewarded with new coins.

4. Cryptocurrency Market: The cryptocurrency market is divided into two major segments: cryptocurrencies and crypto tokens. Cryptocurrencies are the native assets of their blockchain and are primarily used for payments; tokens are created on existing blockchains and resemble assets.

5. Security: Despite significant price fluctuations, cryptocurrencies are essentially secure and decentralised digital currencies, providing an alternative to traditional fiat currencies.

Note: Specific information about SQR cryptocurrency was not found in the provided search results. The above introduction offers general information about cryptocurrencies.

2. Who founded SQR?

According to the provided information, the SQR token was founded by the Web3 application store Magic Square. Magic Square uses a native SQR token valued at $66 million to fund projects listed on its platform.

3. Which venture capitalists have invested in SQR?

Based on the provided information, Binance has invested in SQR. However, detailed information about the specific investment and other potential investors is not elaborated in the provided materials.

4. How does SQR operate?

SQR (Magic Square) is a cryptocurrency operating on the BNB Smart Chain, serving as a native utility token within the Magic Square ecosystem. Here is how it operates:

1. Blockchain-based: SQR leverages blockchain technology to ensure the security and transparency of transactions.

2. Decentralised: As a cryptocurrency, SQR is not controlled by any central authority and uses a decentralised network for transactions.

3. Transactions and Rewards: SQR facilitates transactions, rewards, and interactions within the Magic Square platform. Users can earn Magic Karma by participating and engaging, incentivising community involvement.

4. Supply: SQR has a fixed total supply of 999,999,986 SQR, of which a portion is already in circulation (96,708,921 SQR).

5. Use Cases: SQR is primarily used for transactions and rewards within the Magic Square platform, including user participation, developer showcases, etc.

In summary, SQR is a key component of the Magic Square ecosystem, providing secure and transparent transactions and reward mechanisms through blockchain technology and a decentralised network.