Spell Token(SPELL) is a reward tokenassociated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoincalled 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 farmingopportunities, where users can staketheir 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 leveragedfarming positions using borrowed MIM from their interest-bearing collateral.
Spell Token Price
$ 0.000114(--)
SPELL Price Chart
No Data
Spell Token Market Information
- $0.0350
- --
- --
- --
- 518
- 34,082,643,908.38
- $19.67M
- 171,510,541,047.00
About Spell Token
Information
| Issue Date | -- | Initial Offering Price | $ 0.0005 |
|---|---|---|---|
| Max Supply | 210000000000 | Circulating Supply | 171,510,541,047.00 |
| Listed Exchanges | 12 | Incentive Mechanism | -- |
| Encryption Algorithm | -- |
Spell Token Price History
| Time | Change | High | Low |
|---|---|---|---|
| 24H | -- | -- | -- |
| 7D | -- | -- | -- |
| 30D | -- | -- | -- |
| All | -- | -- | -- |
Spell Token News
Uniswap Soars 22% as Altcoins Rally While Bitcoin Stalls
Uniswap (UNI) has emerged as a focal point, surging 22.5% to $3.53 following Standard Chartered’s initiation of coverage with a $100 price target by 203
HYPE Surges 6%: Suspected Insider Whale Nabs $34M in Gains
HYPE recently surged by 6% in early morning trading, a volatile market move that provides cryptocurrency derivatives traders and decentralized finance enthusiasts with critical insight into high-stakes whale behavior and liquidity shifts.Cornell Rachel
SpaceX Prices Record $75B IPO at $135, Hits $1.8T Valuation
SpaceX has officially executed the largest initial public offering in Wall Street history, substantially eclipsing all previous market records.Wayne Ingram
Learn
What is the Spell Token? What are the Uses of Spell Token?
In this article, you will learn what is the Spell token. It is important in the functioning and governance of the Spell protocol and its stablecoin ecosystem.Wayne IngramWhat is SPELL Crypto? Is It a Good Investment?
SPELL is a cryptocurrency that is native to the Abracadabra money platform. In this article, we will take a closer look at SPELL crypto and discuss whether or not it is a good investment.Cornell RachelSpell Token Price Prediction: Will The Defi Token Be Alive Again?
The native governance and staking token of Abracadabra Money, a cross-blockchain lending platform, is called Spell Token (SPELL). If you would like to know SPELL token price prediction, this article is for you.Sherry Cantwell
Frequently Asked Questions
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