Spell (SPELL)

-7.02 %

Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

35988493>
Fully Diluted Valuation

The market cap if the max supply was in circulation.

Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

171011710>T
Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

111,498,658,877.00
Total Supply

The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.

196,008,739,620.00
Max Supply

The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.

210,000,000,000.00
Week Month Year All Time
High

Jan 19 2023

0.000672007163
21.19%

Jan 15 2023

0.000720279434
13.07%

Feb 10 2022

0.007434591796
-89.05%

Nov 02 2021

-97.68%
Low

Jan 19 2023

0.000672007163
21.19%

Jan 04 2023

0.000539204386
51.04%

Dec 20 2022

0.000522647911
55.83%

Aug 05 2021

172.51%
For Detailed Research of Spell - Visit - Spell (SPELL)

Market

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score

Historical Data

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Coin Info

Spell Token (SPELL) is a reward token linked to abracadabra.money, a lending platform that employs interest-bearing tokens (ibTKNs) as security to borrow Magic Internet Money, a USD-pegged stablecoin (MIM). Abracadabra offers separate lending markets that let customers modify their risk tolerance in accordance with the collateral they want to utilise by utilising the Kashi Lending Technology invented by SushiSwap (SUSHI). Users may put up security and borrow MIM using it. Users can invest their liquidity provider (LP) tokens in Abracadabra's yield farming chances in order to farm SPELL. Better liquidity is made possible for several cryptocurrency pairings as a result; at the moment, these pairs include Magic Internet Money (MIM)-LP 3pool Curve and Ether (ETH)-Spell Token (SPELL) (3CRV). Using borrowed MIM from their interest-bearing collateral, consumers may also create leveraged agricultural positions.

Abracadabra's isolated lending marketplaces have spawned a wave of innovation in decentralised finance (DeFi) lending thanks to the Kashi Lending Technology offered by SushiSwap. In a single loan market, the risk is not shared equally by everyone. Users can offer liquidity for any token, and if the liquidity of that currency pair is lost or the smart contract is damaged, only that currency pair is affected, not the whole platform. Due to this, Abracadabra is able to provide a number of pairings that are not typically offered by other decentralised exchanges (DEXs).

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