What is token in Binance?

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.

Trade, Sell or Convert your Spell Token To trade your Spell Token, you need to find a trading pair such as SPELL/ETH for buying or ETH/SPELL for selling . Trading usually comes with higher fees, depending on the wallet and exchange. Converting tokens, however, could be much cheaper or sometimes even free.

About 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 .