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Spell Token
Spell TokenSPELL
CURRENCY
$0.00052-9.47%
Market cap
$85.08M
-9.47%
Volume (24h)
$46.61M
142.48%
FDV
$102.64M
Vol/Mkt Cap (24h)
54.79%
Total Supply
196.01B SPELL
Max Supply
Circulating Supply
162.02B SPELL
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Spell Token Markets
#ExchangePairVolume (24h)
About Spell Token

What Is Spell Token (SPELL)?

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Spell Token (SPELL) is the reward token for abracadabra.money, a lending platform that enables users to borrow the USD-pegged stablecoin Magic Internet Money (MIM) using interest-bearing tokens (ibTKNs) as collateral.

The platform leverages Kashi Lending Technology, originally developed by SushiSwap (SUSHI), to offer isolated lending markets. This allows users to customize their risk exposure based on the collateral they choose.

Additionally, abracadabra.money provides yield farming opportunities where users can stake liquidity provider (LP) tokens to earn SPELL rewards. This mechanism enhances liquidity for specific cryptocurrency pairs, including ETH-SPELL and MIM-3CRV.

Users can also engage in leveraged farming by borrowing MIM against their interest-bearing collateral to amplify their positions.

Who Are the Founders of Spell Token?

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What Makes Spell Token Unique?

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How Many Spell Token (SPELL) Coins Are There in Circulation?

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How Is the Spell Token Network Secured?

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Can Spell Token Hit $1?

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Where Can You Buy Spell Token (SPELL)?

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Spell Token Price Live Data

Spell Token (SPELL) is a promising project making strides in adoption, utility, and developer interest. The current market valuation places Spell Token at $0.00 per token, reflecting a 9.47% higher decline in value during the past 24-hour trading period. This price movement indicates slightly negative market activity within the SPELL ecosystem. Investor engagement with Spell Token remains neutral, with $46,610,971.399 in trading volume recorded across various trading platforms over the last 24 hours. This level of liquidity highlights SPELL's neutral interest and utility within the broader cryptocurrency landscape For comprehensive details regarding Spell Token's development roadmap, technical specifications, and community initiatives, interested parties are encouraged to visit the project's official resource hub at https://abracadabra.money/.

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