Name: Spell Token
Brand: Binance
Availability: InStock

Price of Spell Token Today

The live price of Spell Token is $0.000273 per (SPELL / USD) with a current market cap of $46.76M USD. 24-hour trading volume is $10.68M USD. SPELL to USD price is updated in real-time. Spell Token is +0.35% in the last 24 hours with a circulating supply of 171.51B.

SPELL Price History USD

Date Comparison	Amount Change	% Change
Today	$<0.000001	+0.35%
30 Days	$0.000034	+14.06%
60 Days	$0.000008	+3.2%
90 Days	$-0.000085	-23.72%

Spell Token Chart Performance

24h Low & High

Low: $0.000269

High: $0.000285

The highest and lowest price paid for this asset in 24 hours.

All Time High

$0.075148

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

+0.34%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

+0.35%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

+0.59%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.000269

High: $0.000285

All Time High

$0.075148

Price Change (1h)

+0.34%

Price Change (24h)

+0.35%

Price Change (7d)

+0.59%

Spell Token Market Stats

Popularity

#472

Popularity is based on the relative market cap of assets.

Market Cap

$46.76M

Market cap is calculated by multiplying the asset's circulating supply with its current price.

Volume (24hours)

$10.68M

The total dollar value of all transactions for this asset over the past 24 hours.

Circulation Supply

171.51B

The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.

Total Maximum Supply

The total number of coins that will ever be created for the virtual asset, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

Fully Diluted Market Cap

$53.44M

Issue Date

2021-05-27

Audits

CertiK

Last audit:

About Spell Token (SPELL)

Spell Token (SPELL) is the utility and governance token of Abracadabra.money, a decentralized lending platform that enables users to access liquidity by using interest-bearing tokens (ibTKNs) as collateral. The platform allows users to mint Magic Internet Money (MIM), a US dollar-pegged stablecoin, while retaining yield on their collateralized assets.

Abracadabra.money utilizes SushiSwap's Kashi Lending Technology to establish isolated lending markets. This model helps keep risks contained to certain types of collateral and not impact all the users on the platform. As a result, users can access various lending pairs that may not be available on other decentralized exchanges (DEXs).

SPELL is used for liquidity incentives, staking, and governance. Users who stake SPELL receive sSPELL, which represents a share of platform fees and provides governance participation rights. The protocol follows a structured token distribution model designed to incentivize liquidity across multiple blockchain networks. Launched on Ethereum, SPELL is also available on networks including Optimism, the Binance Smart Chain (BSC), Fantom Opera, Avalanche C-Chain and Arbitrum One, spanning several DeFi ecosystems.

SPELL is listed on Binance for trade and purchase. The current price of SPELL is available and updated in real-time on Binance.

People Also Ask: Other Questions About Spell Token

What is SPELL Token?

Spell Token (SPELL) is the governance and revenue-sharing token of Abracadabra.Money, a decentralized lending platform.

What is SPELL Used For?

Spell Token (SPELL) is used within the Abracadabra.money platform for incentivizing liquidity, staking, and governance. Users can earn SPELL by providing liquidity to specific pools, and it can be staked to receive sSPELL tokens, which allow participation in governance and fee-sharing. SPELL also plays a role in the distribution of platform fees, such as interest, borrowing fees, and liquidation fees.

How to Buy SPELL Token?

SPELL can be purchased directly on Binance using a credit or debit card. Additionally, it can be traded with other cryptocurrencies on the Binance Exchange. For more details, head to on our How to Buy SPELL guide on Binance.

What Makes SPELL Unique?

SPELL is integrated with Kashi Lending Technology, which enables isolated lending markets. This approach allows users to borrow against interest-bearing tokens (ibTKNs) and manage risk more selectively. Additionally, the platform features a token burn mechanism, which has reduced the total supply from 420 billion to 210 billion SPELL, aiming to reduce inflation over time. This system, along with the decentralized governance model, distinguishes SPELL from other tokens in the DeFi space.

How Does Abracadabra.money Differ from Other Lending Platforms?

Abracadabra.money offers a unique approach to decentralized lending by using interest-bearing tokens (ibTKNs) as collateral to mint Magic Internet Money (MIM). The platform employs Kashi Lending Technology, allowing for isolated lending markets where risk is confined to specific collateral types. This method contrasts with other lending platforms that pool collateral together, potentially increasing risk across the system. Additionally, users can participate in leveraged farming and earn SPELL through liquidity provision.

What Is the Total Supply of SPELL?

The total supply of Spell Token (SPELL) is 210 billion tokens, following a token burn event that reduced the original supply of 420 billion. The current distribution includes:

63% for liquidity incentives
30% for team allocation, with a four-year vesting schedule
7% for the initial DEX offering (IDO)

Will SPELL Price Go Up Today?

Check out our SPELL Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

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