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Exchange Spell Token

If you're looking to swap Spell Token, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Spell Token or some fresh information about spell’s price movements. And, of course, we provide you with the multiple Spell Token exchange options so that you can choose the offer with the best rates and lowest Spell Token fees, as well as other parameters that suit you.

Spell Token Price Stats

To help you make a decision about exchanging your Spell Token, we gathered some cold hard numbers: Spell Token price chart and other stats, such as Spell Token market cap.
24H HIGH

$0.001467

SPELL MARKET CAP

$486,980,186.761

CIRCULATING SUPPLY

352,118,717,831.858 SPELL

24H LOW

$0.001319

SPELL PRICE

$0.001383

24H VOLUME

$2,897,097.145

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Spell Token Price Chart

Here you can see the current price of Spell Token, as well as Spell Token price history.

What is Spell Token?

Spell token is a reward token for the Abracadabra.money — a lending platform for borrowing USD-pegged stablecoins called Magic Internet Money. It utilizes Kashi Lending Technology first introduced by SushiSwap to provide isolated lending markets that allow users to modify risk tolerance according to the collateral they use. Using any other assets as collateral the users can borrow MIM tokens. 

Abracadabra also offers yield farming options to its users, who can farm SPELL tokens by becoming liquidity providers, thus creating better liquidity for certain cryptocurrency pairs, for instance, ETH-SPELL and MIM-3CRV. Moreover, using borrowed MIM the users can open leveraged farming positions. 

Even though Abracadabra is not claimed to be a decentralized autonomous organization it is governed by the community through the Snapshot page. MIM tokens are minted with a 6/10 multi-signature contract composed of 10 partially pseudonymous users.  

Thanks to the innovation of isolated lending markets, users can provide liquidity for any asset, so Abracadabra can offer even the trading pairs ignored by the major exchanges. It also allows users to leverage their interest-bearing token positions by borrowing against their positions, borrowing against borrowed stablecoin, creating the loops, and increasing the leverage. As everything is done in one transaction the gas fees are only paid once. 

SPELL is a native token of the project that can be farmed by providing liquidity in one of the pools and also staked to accrue the share of the gas fees (interest, borrowing fees, liquidation fees) on the platform. The token has a total supply of 210 billion with 82 billion coins currently circulating.

A Simple Way To Exchange Spell Token Here At SwapSpace

Step 1

Choose a pair

Choose the cryptocurrencies you would like to exchange among more than 800 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.

Step 2

Select the best rate

You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.

Step 3

Transfer funds

Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!

Step 4

Receive your coins

You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.

Frequently Asked Questions

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