SPELL is an Ethereum token that regulates Abracadabra . This platform allows users to deposit collateral in the form of interest-bearing crypto assets to mint MIM, a stable coin with a target value of $1.00. Stake SPELL to gain spell, which offers governance rights and other benefits.
Read moreWill spell token go up?
SPELL Future Price Prediction 2025 Now, the prediction is available on the Internet that the token will also start to increase in just a few years and traders are also expecting that the coin will reach around $0.9178131623 USD by the end of the year.
Read moreWhat is spell token used for?
Spell Token (SPELL) is a token that governs Abracadabra. money, a platform that lets users deposit collateral in the form of interest-bearing crypto assets (such as yvYFI, yvUSDT, yvUSDC, xSUSHI) in order to mint MIM, a stablecoin that attempts to maintain a value of US$1.00.
Read moreIs spell a meme coin?
Spell Token (SPELL) is a memecoin that claims to enable users to produce magical internet money. It is part of the Abracadabra Money lending platform that has the stated goal of allowing users to borrow funds using interest bearing tokens as collateral.
Read moreWhat chain is spell token on?
Abracadabra is a multichain protocol, with Spell Token (SPELL) therefore available on Ethereum (ETH), Avalanche (AVAX), Fantom (FTM), and Arbitrum . Ethereum is one of the most popular blockchains out there and is the go-to solution for many decentralized application (DApp) developers.
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