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.

Atualizamos o nosso Spell Token para a moeda EUR em tempo real. Obtenha o preço atual de Spell Token na Coinbase.

A atual capitalização do mercado de Spell Token é € 21,859 mi. Uma capitalização do mercado elevada implica que um ativo é altamente valorizado pelo mercado.

O maior valor histórico de Spell Token é € 0,02999. Este maior valor histórico é o preço mais alto pago por Spell Token desde o seu lançamento.

Nas últimas 24 horas, o volume de negociação de Spell Token foi € 1,634 mi.

Os ativos com uma capitalização do mercado semelhante a Spell Token incluem Alphabet Class A Tokenized Stock (Ondo), dKargo, Tokenlon Network Token e muitos outros. Para ver uma lista completa, consulte os nossos ativos com capitalização do mercado comparável.

A atual oferta em circulação de Spell Token é 172 bilhões.

Spell Token encontra-se em 73 entre os ativos negociáveis na Coinbase. De momento, a popularidade baseia-se na capitalização do mercado relativa.

De momento, 94% dos utilizadores da Coinbase estão a comprar Spell Token. Por outras palavras, 94% dos clientes da Coinbase aumentaram a sua posição líquida em Spell Token nas últimas 24 horas através de negociação.