What is SPELL

Learned by 2.5k usersPublished on 2024.03.29Last updated on 2025.04.02

spell

Abracadabra Money

SPELL

WebsiteBlock Explorer

0

+0.42%

  • Last Price0
  • Turnover (24h)4.78K
  • All-Time High0.03
  • Total Supply210B
  • Fully Diluted Market Cap101.22M
  • Ranking540
  • Market Cap37.51M
  • All-Time Low0
  • Circulating Supply77.82B

Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

How to Buy Abracadabra Money (SPELL)Learn now

1. Project Introduction
A lending platform that allows users to borrow MIM ("Magic Internet Money"), a USD-pegged stablecoin, using interest-bearing tokens (ibTKNs) as collateral. MIM functions like any other traditional stablecoin.
Summary: Abracadabra utilizes Kashi lending technology, pioneered by SushiSwap (SUSHI), to offer isolated lending markets. This enables users to adjust risk exposure based on their chosen collateral. Users can deposit collateral and borrow MIM, while also yield farming by staking LP tokens.
2. Team & Investment Info
Not an official DAO, governance occurs via Snapshot votes.
MIM is minted through a 6/10 multisig contract composed of anonymous users, including founders from:
YFI (Yearn Finance)
Cream Finance
Curve
StakeDAO
Convex
Funding: Received a $1.21M grant from Arbitrum Foundation in October 2023.
3. Social Media URLs
X: https://x.com/MIM_Spell
Telegram: NA
Discord: https://discord.com/invite/mim
4. Token Info
Token Symbol: SPELL
Total Supply: 210,000,000,000
Token Type: ERC
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x090185f2135308bad17527004364ebcc2d37e5f6
Token Distribution:
Liquidity Mining Rewards: 63%
Team: 30% (0% TGE unlock, 4-year linear release)
IDO: 7% (100% TGE unlock)
5. Related Links
Official Website: https://abracadabra.money/
White Paper: https://docs.abracadabra.money/learn
Other Info: https://github.com/Abracadabra-money
https://analytics.abracadabra.money/

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How to Buy SPELL

Welcome to HTX.com! We've made purchasing Abracadabra Money (SPELL) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy Abracadabra Money (SPELL) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your Abracadabra Money (SPELL)After purchasing your Abracadabra Money (SPELL), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade Abracadabra Money (SPELL)Easily trade Abracadabra Money (SPELL) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

877 Total ViewsPublished 2024.03.29Updated 2025.04.02

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