icon - Spell Token
SPELL Spell Token
+ 3.78%
$ 0.00070649
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 334
    Spell Token
    $ 0.00070649
    $ 75,881,305
    $ 56,411,767
    107,405,628,969 SPELL
    + 3.78%

Spell token is a question about what it is.
Abracadabra.money is a lending platform that uses interest-bearing token (ibTKNs) as collateral to borrow aUSD-pegged stable coin called Magic Internet Money. The lending technology pioneered by SushiSwap allows users to adjust their risk tolerance according to the collateral they decide to use. Users can deposit and borrow against each other. Users can stake theirLP token to farmSPELL in yield farming opportunities. This makes it easier for certain cryptocurrencies to be traded, for example, the Magic Internet Money-LP 3pool Curve (3CRV) and the Ether-Spell token (SPELL).

Who are the people who created Spell token?
A Snapshot page is where Abracadabra is governed.

Poolpi is a yearn.finance. Cream Finance is a type of finance. Curve DAO token (CRV) is by Michael. There is a Stake DAO. C2tp is a division of Convex Finance. Sifu is a song from the movie "Wonderland." Georgiy is the owner of Popsicle Finance. 0xmerlin is used for acadabra. The Danielesesta is about time and ICE. There is a Squirrel and ICE.

What makes a token unique?
A wave of innovation in Defi lending has been sparked by the introduction of the Kashi Lending Technology. The risk is not shared in an isolated market. If the currency pair loses its liquidity, only that pair is affected and not the entire platform.
Users can leverage their interest-bearing token positions with this technology. Users borrow against their positions and then borrow against the stable coin, creating loops and increasing their leverage.
One of the different pools can be used for Spell token farming.

There are pages related to this.
Dai is a stable coin backed by assets.

We have an in-depth article about ether mining.
The latest trading insights and news can be found on the blog.

How many coins are in circulation?
After token generation, the total supply of Spell token is over 200 billion.

There are global farming incentives. There is a team allocation of 30%. There is an initial DEX offering.
50% of team token will be issued in the first year, 25% in the second, and 25% in the third and fourth years. Each week, over half a billion sparrows are emitted.

How is the Spell token network secured?

The go-to solution for many DApp developers is the ethereum, it is one of the most popular blockchains out there.

Fantom uses a proprietary consensus mechanism that allows for higher capacity and two-second transaction finalization.

Can Spell token hit $1?
Although Spell token has an impressive market cap of almost 2 billion dollars, it is unlikely that it will ever hit $1 due to its enormous supply.

Where can you buy spell token?
FTX, SushiSwap and Gate.io have Spell token.