MAGIC Crypto News: Treasure Proposes Shrinking Its DAO’s Role

On the 4th of November 2026, Treasure posted TIP-64 on its governance forum. The proposal would shrink the role of the DAO, the group of MAGIC holders who vote on Treasure’s plans. The DAO would vote on only two things. One is creating new MAGIC. The other is setting the network’s rules, such as MAGIC’s inflation rate, the fees users pay and how much MAGIC must be staked. A later proposal would set the final list before the Treasure Network launches. ^[1]

Treasure said TIP-64 would change nothing day to day. Since 2025, earlier proposals have asked its contributors to manage the DAO’s trading pool and market maker positions. A market maker is a firm that buys and sells a token so trades can go through. TIP-64 would make that a standing job, so holders would not have to vote on it every year. ^[1] There is no information yet on when TIP-64 goes to a vote. Since Treasure posted TIP-64 on the 4th of November 2026, MAGIC has risen 5.3%, from $0.07996 to $0.08421 on the 9th of November 2026. The wider gaming market fell 5.7% over the same days.

What we have published before

• We covered “MAGIC Crypto News: Treasure Proposes Up to 173 Million New MAGIC” on the 6th of November 2026 ^[3].
• We covered “MAGIC Crypto Nearly Doubles as Treasure Readies Its AI Network” on the 16th of October 2026 ^[4].

Since our article of the 6th of November 2026, MAGIC has fallen 6.6%, from $0.09013 to $0.08421 on the 9th of November 2026. Since our article of the 16th of October 2026, it has fallen 24.3%, from $0.1113.

What the token actually does

MAGIC is the token of Treasure.

Treasure’s documentation describes MAGIC as the token agents use to pay for computing power and onchain services. Holders who stake MAGIC have voted on how new tokens are released and on upgrades. ^[9] Under TIP-63, agents would pay for computing in USDC, a token pegged to the dollar. They would get that USDC by swapping MAGIC when the agent is created, or by topping up with USDC later. ^[10] On the 2nd of October 2026, Treasure said MAGIC would become “a governance-less natural resource”. ^[8] TIP-64 would keep a smaller vote, on new MAGIC and the network’s rules. ^[1]

What people are saying

Community

On the 9th of November 2026, Treasure’s John Patten was asked on the TIP-63 thread what happens to the Foundation’s rewards. He said the MAGIC its nodes earn would go back into circulation to pay the team, but called this a goal that will change. He said the Foundation has been independent since 2025 and works like a public company with a private boardroom. ^[5]

Treasure should not be a building with glass walls anymore. ^[5]

John Patten, in a reply on the TIP-63 thread of Treasure’s governance forum, the 9th of November 2026

we now know that global, anonymous token communities do not behave rationally or like a private board room. ^[5]

John Patten, in a reply on the TIP-63 thread of Treasure’s governance forum, the 9th of November 2026

Performance

In the three months to the 9th of November 2026, the token rose 101.5%. The wider gaming market fell 9.1% over the same window.

• On the 9th of November 2026, the token rose 1.5%. The wider gaming market rose 1.1%.
• That day it ranked 52nd of the 82 gaming tokens trading over $5,000 a day that gained.
• It trades 99% below its all-time high, set in February 2022. The wider gaming market is 95% below its own.

More on the story

Treasure gave its reasons in the proposal. It said the community had asked for a smaller role for the DAO, and that the first DAO’s job was too broad. In its view, the most successful DAOs have very few governance jobs. It pointed back to the founders’ paper, which said governance would shrink until MAGIC became an onchain “natural resource”. Treasure said the DAO still has two jobs it cannot drop, creating new MAGIC and governing the network. ^[1]

TIP-64 went up on the same day as TIP-63, which would create up to 173 million new MAGIC to launch the Treasure Network. We covered that plan on the 6th of November 2026. Comments on TIP-63 run until the 18th of November 2026. Its vote is set for the 18th of November to the 2nd of December 2026. Treasure said MAGIC burned by network fees would not make up for the 173 million new MAGIC in any of its models. ^[2]

Treasure’s contributors have handled the DAO’s MAGIC before. In July 2025, TIP-57 asked holders to let them manage the DAO’s MAGIC trading pools until the end of September 2025, during Treasure’s move to the Abstract blockchain. ^[7] TIP-55, from the same month, would let contributors sell MAGIC from the ecosystem fund at rates meant not to move the price. ^[6] According to TIP-57, TIP-55 passed with every vote in favour. Treasure said it would still put it to a second vote, as TIP-56, after holders said the voting period was too short. ^[7]

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