Spell Token

Spell Token

134

SPELL

#93
Votes
1.37K
24h
0
Spell Token Price
$0.001399
44.42%
Market Cap
$498,106,970
Volume 24h
$633,466
Total Supply
356,045,285,116
99.9999229018451%
Circulating
356.05G
100.00%
Burned
274.5K
0.00%
Description
Spell Token (SPELL) is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). Abracadabra uses the Kashi Lending Technology pioneered by SushiSwap (SUSHI) to provide isolated lending markets that allow users to adjust their risk tolerance according to the collateral they decide to use. Users can deposit collateral and borrow MIM against it. Abracadabra also offers yield farming opportunities, where users can stake their liquidity provider (LP) tokens to farm SPELL. This facilitates better liquidity for certain cryptocurrency pairs, currently Ether (ETH)-Spell Token (SPELL) and Magic Internet Money (MIM)-LP 3pool Curve (3CRV). Furthermore, users can also open leveraged farming positions using borrowed MIM from their interest-bearing collateral.
Socials
SPELL Info
General
Launched
Tue May 25 2021
Categories / Tags
N/A
SPELL Statistics
DEX Stats
Price
$0.001399
Price Change 24h
44.42%
Trading Volume 24h
$633,466
Total Liquidity
$1,253,489
Market Cap
Market Cap
$498,106,970
Volume / Market Cap
0.0012717