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This friendly, traditional and playful name would be well suited to a restaurant or e-commerce organisation.
The word "Magicsteak" contains 10 letters and three syllables. Leading companies using three syllable names include Nescafé, Heineken and Armani.
Magicsteak.com is a dot-com domain. Dot com domains are the most prestigious top-level-domain in the world, famously used by websites like twitter.com. Once secured, a dot-com all but guarantees no-one else can outrank you for your own name in the long run.