SPELL token is a reward token associated with abracadabra.money, which is a lending platform and also provides yield forming opportunities to its users. users can deposit money in form of interest bearing tokens as collateral and borrow magic internet money which is a stable coin.
The system of reward while lending is very well accepted by users in crypto space, and company has already burned 210 Bn token out of total 420 Bn tokens, and major crypto investment company invested in this token.