Total dollar volume24H $13,436,825
High24H 0.0006414 USDT
Low24H 0.0005867 USDT
Market Cap #367$93,873,906
FDV $122,446,660
Turnover rate 14.31%
Circulating supply 150,270,379,623
Total supply 196,008,739,620
Max supply 210,000,000,000
All time high date
Dec 27, 2021
Down from All time high -97.78%
Cycle low 0.00034 USDT
Cycle low date
Aug 17, 2023
Up from cycle low 83.74%
Spell Token (SPELL) is a reward token connected to abracadabra.money, a platform for lending that employs interest-bearing tokens (ibTKNs) as security to borrow Magic Internet Money (MIM), a stablecoin tied to the USD. Abracadabra offers separate lending markets that let customers to modify their risk tolerance in accordance with the collateral they want to utilize by utilizing the Kashi Lending Technology invented by SushiSwap (SUSHI). Users may put up security and borrow MIM using it. Users can invest their liquidity provider (LP) tokens in Abracadabra's yield farming chances in order to farm SPELL. This makes it possible for several cryptocurrency pairs to have improved liquidity, such the ones between Magic Internet Money (MIM) and LP 3pool Curve (3CRV) and Ether (ETH) and Spell Token (SPELL). Using borrowed MIM from their interest-bearing collateral, consumers may also create leveraged agricultural positions.