Spell Token (SPELL) is a reward token associated with Abracadabra.money, a lending platform that utilizes interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin known as Magic Internet Money (MIM). The platform employs Kashi Lending Technology, which allows for isolated lending markets, enabling users to adjust their risk tolerance based on the collateral they choose to use. Users can deposit collateral and borrow MIM against it. Additionally, Abracadabra provides yield farming opportunities where users can stake their liquidity provider (LP) tokens to farm SPELL, aiming to enhance liquidity for certain cryptocurrency pairs.

Spell Token operates within the Abracadabra.money platform, where it serves as a reward token. Users can stake their LP tokens to farm SPELL, which in turn aims to improve liquidity for specific cryptocurrency pairs. The platform's unique feature is its use of Kashi Lending Technology, which allows for isolated lending markets. This means that the risk is not shared collectively; if a currency pair loses its liquidity or if something happens to the smart contract, only that pair is affected, not the entire platform. SPELL can also be staked, and staked tokens may receive a share of the platform fees, which auto-compound.

The primary use case for Spell Token is within the Abracadabra.money platform, where it serves as a reward token. Users can stake their LP tokens to farm SPELL, thereby aiming to enhance liquidity for certain cryptocurrency pairs. SPELL can also be staked, and staked tokens may receive a share of the platform fees, which auto-compound. This mechanism seeks to encourage user participation and engagement within the platform. Furthermore, SPELL is used as a governance token, potentially providing users with voting power proportional to their staked amount.

Spell Token is associated with Abracadabra.money, a lending platform that uses interest-bearing tokens as collateral to borrow a USD-pegged stablecoin. Abracadabra is not an official decentralized autonomous organization (DAO) but is governed through a Snapshot page. The platform uses the Kashi Lending Technology pioneered by SushiSwap to provide isolated lending markets. The total supply of Spell Token was 210 billion, with 210 billion having been removed after token generation. The token distribution was as follows: 63% was allocated for global farming incentives, 30% for team allocation (with a 4-year schedule), and 7% for the initial DEX distribution.

Aktualizujemy nasz kurs Spell Token do USD w czasie rzeczywistym. Otrzymuj aktualną cenę Spell Token na Coinbase.

Obecna kapitalizacja rynku Spell Token to 17,032 mln USD. Wysoka kapitalizacja rynku oznacza, że aktywa są wysoko cenione przez rynek.

Najwyższy w historii poziom Spell Token to 0,03494 USD. Ten rekordowy poziom to najwyższa cena zapłacona za Spell Token od czasu jego wprowadzenia na rynek.

W ciągu ostatnich 24 godzin wolumen obrotu Spell Token wyniósł 5,888 mln USD.

Aktywa o podobnej kapitalizacji rynkowej do Spell Token to m.in. iShares Core MSCI EAFE Tokenized ETF (Ondo), Tesla Tokenized Stock (Ondo), Constellation i wiele innych. Aby zobaczyć pełną listę, zobacz nasze aktywa o porównywalnej kapitalizacji rynkowej.

Obecna podaż w obiegu Spell Token wynosi 195 miliardów.

Spell Token zajmuje 81 pozycję wśród aktywów zbywalnych na Coinbase. Popularność jest obecnie oparta na względnej kapitalizacji rynku.

Obecnie 94% użytkowników Coinbase kupuje Spell Token. Innymi słowy 94% klientów Coinbase zwiększyło swoją pozycję netto w Spell Token poprzez handel w ciągu ostatnich 24 godzin.