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.

我们实时将 Spell Token 更新为 SGD 货币。通过 Coinbase 获取最新 Spell Token 价格。

Spell Token的当前市值为 S$2295.76万。高市值意味着该资产在市场上的价值很高。

Spell Token的历史最高价位是 S$0.04513。这是Spell Token自推出以来的最高价格。

在过去 24 小时内，Spell Token的交易量为 S$397.64万。

与Spell Token具有相似市值的资产包括Cetus Protocol, INFINIT, Shentu和许多其他资产。要查看完整列表，请参阅我们的可比市值资产。

Spell Token的当前流通供应量是 1947亿。

Spell Token在 Coinbase 上的可交易资产中排名 79。受欢迎程度目前基于相对市值。

目前，有 94% 的 Coinbase 用户正在购买Spell Token。换句话说，94% 的 Coinbase 客户在过去 24 小时内通过交易增加了他们在Spell Token的净头寸。