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.

我們實時將 Spell Token 更新為 USD 貨幣。在 Coinbase 上獲取 Spell Token 的實時價格。

Spell Token 目前的市值為 US$1794.918万。高市值意味著資產受到市場的高度重視。

Spell Token 的歷史最高紀錄是 US$0.03494。這是自從 Spell Token 推出以來的最高價格。

在過去 24 小時中，Spell Token 的交易量為 US$1457.68万。

與 Spell Token 市值相似的資產包括 Cobak Token, Moonbirds, Definitive 和許多其他資產。若要查看完整清單，請參閱我們的可比市值資產。

Spell Token 目前的循環供應量為 1947亿。

Spell Token 在 Coinbase 的可交易資產中排名 76。受歡迎程度目前是根據相對市值。

目前，94% 的 Coinbase 使用者正在購買 Spell Token。換句話說，94% 的 Coinbase 客戶在過去 24 個小時以內透過交易增加了他們在 Spell Token 中的淨頭寸。