The SPELL coin value has tumbled by over 74% in the past month due to concerns surrounding its founder members . Investors have been liquidating significant amounts of SPELL and its sister stablecoin, Magic Internet Money (MIM).
Read moreDoes ETH have spell token?
SPELL is an Ethereum 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 ERC-20 a spell?
Spell Token (SPELL) ERC20 Token in Binance Smart Chain Mainnet. Token is implemented as ERC20 smart contract with address 0x7fbd42471da4fd2f566bc34be27ff004a5705b5c .
Read moreHow do you buy crypto spell?
How to buy Spell Token
Read moreWhat network is spell token on?
How Is the Spell Token Network Secured? Abracadabra is a multichain protocol, with Spell Token (SPELL) therefore available on Ethereum (ETH), Avalanche (AVAX), Fantom (FTM), and Arbitrum .
Read moreWhat is spell token?
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 token worth buying?
Spell token has great potential in the future and we much see this coin crossing $1 USD in the future if the market goes well. In case you are looking for safer investment in big projects consider investing in Bitcoin SV and Hashgraph. In addition to that, you have to hold your coins for longer as well.
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