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$215,803,315
$291,690,000
$218,404,589
155,365,958,218 SPELL
72.53%210,000,000,000 SPELL
196,008,739,620 SPELL
Spell Token SPELL Spell Token (SPELL) Chart
Spell Token (SPELL) Return On Investment(ROI)
Spell Token (SPELL) Token Price Now
Spell Token price today is $0.001389 with a 24-hour trading volume of $218,404,589. SPELL price is down -8.56% in the last 24 hours. It has a circulating supply of 155Bil SPELL tokens and a max supply of 210Bil.
In order to search for real-time and historical information about Spell Token (SPELL) blockchain, including data related to blocks, transactions, addresses, and more, you may use Spell Token (SPELL) block explorers. Here are some of the most popular and useful Spell Token (SPELL) blockchain explorers out there:
What Is Spell Token(SPELL)?
ABRACADABRA.MONEY allows users to produce magic internet money. Everyone can provide collateral in the form of various interest bearing crypto assets such as yvYFI, yvUSDT, yvUSDC, xSUSHI and more. It is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin (Magic Internet Money - MIM), that can be used as any other traditional stablecoin. Currently, a lot of assets, such as yVaults have locked in capital that can't be put to further use. Abracadabra offers an opportunity to use it.
Spell Token is the protocol's token which is used for incentivization.
SPELL Token Distribution
The distribution of the SPELL tokens is as follows:
- 7% — IDO
- 18% — SushiSwap ETH-SPELL LP tokens
- 45% — MIM-3LP3CRV LP tokens
- 30% — Team allocation
What does the SPELL Token do?
The main function of the SPELL token is to stake it in Abracadabra to obtain sSPELL tokens, which have several benefits.
- First, they grant holders voting rights to change the platform parameters, such as TVL, Liquidation Fees, future collateral options, etc.
- Second, they grant holders a claim on fees generated by the protocol.
Is SPELL Token Worth Buying?
SPELL is the protocol's token which is used for incentivization. The total Supply of SPELL has been reduced from 420B SPELL to 210B SPELL by performing a unique token burn event. 210B SPELL was minted to the SPELL contract itself. The contract has no way of accessing these tokens which ultimately turns the Token Smart Contract into a Burn Address.
Investing in crypto always come with risk, no exception for SPELL Token. You should do your own research first before investing the SPELL Token.
How to Stake SPELL Tokens?
By clicking on the STAKE button in the top part of the screen, users will be able to access the SPELL Staking page. This Page is divided into three frames. 1. STAKE/UNSTAKE Frame. 2. Ratio Frame. 3. Staking Parameters Frame
Where Can You Buy Spell Token(SPELL)?
Investing in Spell Token can seem complicated, but it is much easier when you buy Spell Token through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Spell Token — both for fiat money and other cryptocurrencies. Some of the most popular Spell Token cryptocurrency exchange are:
Spell Token (SPELL) Community
- Twitter: https://twitter.com/MIM_Spell
- Medium: https://abracadabramoney.medium.com/
- Telegram: https://t.me/MIM_Spell
What is Spell Token (SPELL) Contracts address?
- Ethereum: 0x090185f2135308bad17527004364ebcc2d37e5f6
- Arbitrum(Arb One): 0x3e6648c5a70a150a88bce65f4ad4d506fe15d2af
- Fantom: 0x468003b688943977e6130f4f68f23aad939a1040
- Avalanche C-Chain: 0xce1bffbd5374dac86a2893119683f4911a2f7814
Spell Token FAQ
What is the price of Spell Token (SPELL) ?
The current Spell Token usd price is $0.001389. We update the Spell Token USD price in real time. Get live prices of Spell Token on different cryptocurrency exchanges around the world on Coincarp.
Is Spell Token (SPELL) a good investment?
It depends on your personal risk tolerance and investment goals. Spell Token is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Spell Token investing, you will also need to understand the Spell Token project's white paper, team background, tokenomics, and the overall market environment.
The main ways to get involved in Spell Token investing are by participating in Spot, Perpetual, ETF/Leveraged trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.
Where can I buy Spell Token (SPELL) token?
You can buy Spell Token from a cryptocurrency exchange (CEX or DEX) or some cryptocurrency wallets. Usually we choose cryptocurrency exchanges to buy, most exchanges require you to set up an account and verify your identity before buying Spell Token. Cryptocurrency exchanges that currently support Spell Token trading include:
If there is any error, please feedback to us, our email is [email protected]. Please be aware that buying and selling Spell Token involves high risks.You should always do your own research and make sure you understand the risks associated with Spell Token trading before you begin.
How to short Spell Token (SPELL) ?
The easiest way to short Spell Token is through margin trading, usually with Perpetual contracts, Futures contracts, ETF/Leveraged. Only a few cryptocurrency trading platforms allows short selling due to the considerable risk involved in this type of trading.
To start shorting Spell Token, open a margin account, provide some collateral for your short position, borrow some coins from the trading platform, and start short selling. Keep in mind that shorting Spell Token or any other cryptocurrency is high-risk. Exchanges that currently support shorting Spell Token are:
What will Spell Token (SPELL) be worth in 5 years?
It is impossible to predict what Spell Token will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Spell Token's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Spell Token 5 years from now.
SPELL Price Statistics
Spell Token Price
$0.001389
Price Change24h
$-0.00013002 8.56%
24h Low / 24h High
$0.001326 / $0.001549
Trading Volume 24h
$218,404,589
Volume/Market cap (24h)
101%
Market Dominance
0.01%
Market Rank
#198
Market Cap
$215,803,315
Fully Diluted Market Cap
$291,690,000
7d Low / 7d High
$0.000815 / $0.001802
30d Low / 30d High
$0.000648 / $0.001802
90d Low / 90d High
$0.000487 / $0.001802
52 Week Low / 52 Week High
$0.00039 / $0.00189
All Time High
$0.035
All Time Low
$0.00035
