SPELL(Abracadabra Money)
Abracadabra is a lending platform that uses interest-bearing tokens as collateral to borrow a USD pegged stablecoin (Magic Internet Money - MIM), that can be used as any other traditional stablecoin.
Exchange Deposit

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

IDO (7%)
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

Twitter:https://twitter.com/MIM_Spell

Telegram:https://t.me/abracadabramoney

Medium: https://abracadabramoney.medium.com/

Discord:https://discord.gg/wcsUNxYrFM

 

 

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 Some of the content may be out of date, error, or omission.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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Huobi Global reserves the right in its sole discretion to amend, revise or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets is risky. Please read our Risk Remindertext here.

 

 

 

 

White Paper & Online Community
Market Dynamics
Some data are from CoinGecko
Current Price
0.0009019 USDT
Ranking
From CoinGecko Market Cap Rankings
278
ICO Date
2021-09-02
Total Supply
210000000000
Circulating Supply
77828806569 Updated on 2021-12-15
Market Cap
189399000  USDT
Circulating Mkt Cap
70193800  USDT
The price range covers the costs of earlier institutional & individual investors.
Price for Earlier Investors
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