I. Project Introduction
Abracadabra Money allows idle interest-bearing tokens to be put to productive use through borrowing leverage. With Abracadabra Money, users can borrow against their interest-bearing tokens by depositing them as collaterals and use it for other purposes.
Tags: DeFi 2.0, DeFi, money markets
Team background: Mostly annonymous, figureheads are Daniele & @squirrelcrypto & Spirit of Romy
II. Token Information
2.1 Token Basic Information
Token Name: SPELL
Total supply: 210,000,000,000 SPELL
Tokens in Circulation: 77,828,806,569 SPELL (15 December 2021)
Price for early investors: No seed/private sale
2.2 Token Distribution and Token Release Schedule
Team Allocation (30%): 50% released over 1st year, 25% 2nd year, 12.5% 3rd and 4th year (Total 4 year vesting)
Farming Incentives (63%)
III. Related Links
Official Website: https://abracadabra.money/
Blockchain explorer: https://etherscan.io/address/0x99D8a9C45b2ecA8864373A26D1459e3Dff1e17F3
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Huobi does not take responsibility for any resulting direct or indirect losses.
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