Spell token defi

spell token defi



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What Is Spell Token (SPELL)? 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).

What Is the Spell Token (SPELL)? The Abracadabra protocol has two major tokens working in its ecosystem. The first is SPELL, the governance token of the platform, and the other is MIM (Magic Internet Money). Among other benefits, the primary function of the Spell Token is staking.

A decentralised finance (DeFi) platform token, Spell (SPELL) recovered over 35% after plunging to a 90-day low of $0.0034 on 14 March. Trading at $0.0046 at the time of writing (31 March), it is still roughly 93% below its all-time high of $0.0751, achieved on 16 November 2021.

1 Spell Token is a reward token associated with Abracadabra which is a DeFi platform that specializes in lending and earning Spell Token is trading at $0.0053, down 0.14%, according to CoinMarketCap. On November 16, 2021, SPELL hit an all-time high of $0.07515, but since the beginning of 2022, it had lost much of its value.

What Is Spell Token (SPELL)? 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).

Many DeFi tokens have risen sharply as the overall cryptocurrency industry has performed well in the past few days. The Spell Token Price has also crawled back, although it remains close to its all-time low. On Tuesday morning, the coin was trading at $0.0045, slightly above its year-to-date low of $0.0032. Abracadabra is in trouble.

Spell token price prediction hangs by a thread as it keeps on making lower lows. Most of the DeFi coins are trading well below their 2021 all-time highs due to decreased investor interest. The ongoing slump in Bitcoin and Ethereum prices has intensified this downtrend. Spell crypto is trading more than 96% below its November 2021 ATH of $0.035.

SPELL Token: Fundamental Analysis SPELL is the native token of the Abracadabra.money platform with staking as the primary use case. For staking their SPELL tokens, users get sSPELL tokens as...

Do not mistake $SPELL for any other ordinary token or #meme. It's a cross chain MakerDao, offers a fully decentralized stablecoin, intertwined with major #DeFi protocols: This is a unique project of an agile team that builds the next key #DeFi 3.0 lego. 1 SPELL is only $0.018 52 comments 93% Upvoted Log in or sign up to leave a comment

DeFi tokens represent a diverse set of cryptocurrencies native to automated, decentralized platforms that operate using smart contracts. These provide users' access to a suite of financial ...

Magic Internet Money ($MIM) and Magic Internet Gold ($MIG) are the pillars of the Abracadabra ecosystem. Our tokens are paired to the dollar and the ounce of gold. USE THEM TO STORE VALUE, EARN YIELD OR PARTICIPATE IN MANY OTHER DEFI OPPORTUNITIES! ENJOY THE BEST STABLE YIELD THANKS TO OUR BUILT-IN LEVERAGE ENGINE, AND OUR DEFI KNOWLEDGE!

Spell Token (SPELL) is the native governance and staking token of cross-blockchain lending platform Abracadabra Money. Basically, the DeFi lending project lets users put up collateral in exchange for its stablecoin, $MIM (Magic Internet Money).

SPELL Price Today Spell price today is $0.000817344546 with a 24-hour trading volume of $22,411,475. SPELL price is down -1.8% in the last 24 hours. It has a circulating supply of 93 Billion SPELL coins and a total supply of 196 Billion. If you are looking to buy or sell Spell, Gate.io is currently the most active exchange.

SPELL token is the secondary token of this ecosystem and it can be staked to earn sSPELL, ... It is the 11th project by DeFi TVL and has over $6.1 billion in Total Value Locked. Moreover, its liquidity increased by 22.55% this week, confirming users see merit in this project. However, that success will not automatically lead to a higher SPELL ...

What is Spell Token? 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).

These crypto-collateralized stablecoins are designed to unlock liquidity in the decentralized finance (DeFi) space by minting liquid tokens built upon collateral from often illiquid interest bearing tokens (ibTKNs).

Get the latest Spell Token price, SPELL market cap, trading pairs, charts and data today from the world's number one cryptocurrency price-tracking website ... DeFi 2.0. Protocol-Owned Liquidity. Spell Token Tags. Category. Olympus Pro Ecosystem. DeFi 2.0. Protocol-Owned Liquidity. Platform. Arbitrum Ecosystem. Overview Market Historical Data ...

SPELL is a governance token for the Abracadabra platform. Platform decisions are all made in a decentralized way — but to have your voice heard, you need SPELL tokens. Every SPELL token entitles you to one vote in governance matters. Stake SPELL to Collect Abracadabra Platform Fees You can stake SPELL tokens to receive sSPELL.

Spell Token is not a token meant to change the world, but it is a token meant to encourage users to approach a project that is trying to improve decentralized lending. ... In fact, staking has grown to be one of the most popular activities in the DeFi sector, which is not surprising, given what is involved. Users simply lock up their tokens and ...

Recently, Spell token's price hit a record high of $0.035 but it has since pulled back nearly 50 percent from that peak. ... Spell is the in-house crypto token of Abracadabra.Money DeFi platform ...

SPELL, the reward token for the Abracadabra.money decentralised finance (DeFi) protocol, is native to multiple blockchains: primarily Ethereum, but also Avalanche, Fantom and Arbitrum. What are the token's utility, price action and SPELL price predictions? Read on… Spell it out for me So, what is spell token (SPELL)?

Spell Token (SPELL) is a token associated with a lending platform, called abracadabra.money, that uses interest-bearing tokens as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM).SPELL coin is the reward token for this platform. This platform, or SPELL token website, uses the Kashi Lending Technology developed by SushiSwap, one of the major Defi decentralized ...

Governance token of the Abracadabra Money lending protocol, SPELL helps to incentivize what has become a fast-growing ecosystem of next-generation decentralized finance (DeFi) yield aggregators providing liquidity for asset-backed stablecoins.

SPELL is an Ethereum (ETH) token that governs the Abracadabra.money platform where users deposit interest-bearing crypto assets to mint the stablecoin Magic Internet Money (MIM). The analytics firm says, "Given the huge amount of volume we are seeing, it sure looks like every SPELL holder is trying to drop it like it's hot." Source: Santiment

Overview information for Spell Token (SPELL) including News, Charts, Discussion and more. ... Spell Token (SPELL) DeFi $ 0.003-0.00008 (-2.60%) Low 0.000279. 52 Week Range. High. SPELL/BTC.

Market Cap $73,748,910 Volume (24h) $7,900,124 376.20 BTC Circulating Supply 93,353,051,042 SPELL Max Supply




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