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      Spell TokenSPELL

      Rank #301 Token
      Rating: 4.2
      Cyberscope
      2024/01/08
      4.2

      Our aggregate rating is simply the arithmetic average of the ratings from each source. It does not represent the opinion of CoinCarp and does not imply any guarantee on our part as to the merits or suitability of the project. Please use your own judgment when evaluating each token

      Spell Token Price (SPELL)

      $0.001378

      0.0000000198 BTC

      15.64%

      Low:$0.00119
      High:$0.001487
      Market Cap

      $148,004,956

      2,124 BTC
      Fully Diluted Market Cap

      $289,380,000

      4,152 BTC
      Volume 24h

      $84,387,689

      1,210.78 BTC
      Circulating Supply

      107,405,628,969 SPELL

      51.15%
      Max Supply

      210,000,000,000 SPELL

      Total Supply

      196,008,739,620 SPELL

      Links:
      Website, Explorers, Whitepaper
      Tags:
      Arbitrum Ecosystem Avalanche Ecosystem
      Spell Token's Logo Spell Token SPELL
      $0.001378

      Spell Token (SPELL) Chart

      ×

      Spell Token (SPELL) Return On Investment(ROI)

      3.85% 1 H
      14.07% 24 H
      20.05% 7 D
      41.86% 1 Month
      178.39% 6 Month
      107.34% 1 Year
      Details
      Mineable No
      Algorithm
      ProofType
      Issue Price $0.0005

      Spell Token (SPELL) Price Now

      Spell Token price today is $0.001378 with a 24-hour trading volume of $84,387,689. SPELL price is up 14.07% in the last 24 hours. It has a circulating supply of 107Bil SPELL tokens and a max supply of 210Bil.
      In order to search for real-time and historical information about Spell Token (SPELL) blockchain, including data related to blocks, transactions, addresses, and more, you may use Spell Token (SPELL) block explorers. Here are some of the most popular and useful Spell Token (SPELL) blockchain explorers out there:

      What Is Spell Token(SPELL)?

      ABRACADABRA.MONEY allows users to produce magic internet money. Everyone can provide collateral in the form of various interest bearing crypto assets such as yvYFI, yvUSDT, yvUSDC, xSUSHI and more. It  is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin (Magic Internet Money - MIM), that can be used as any other traditional stablecoin. Currently, a lot of assets, such as yVaults have locked in capital that can't be put to further use. Abracadabra offers an opportunity to use it.

      Spell Token is the protocol's token which is used for incentivization.

      SPELL Token Distribution

      The distribution of the SPELL tokens is as follows:

      • 7% — IDO
      • 18% — SushiSwap ETH-SPELL LP tokens
      • 45% — MIM-3LP3CRV LP tokens
      • 30% — Team allocation

      What does the SPELL Token do?

      The main function of the SPELL token is to stake it in Abracadabra to obtain sSPELL tokens, which have several benefits.

      • First, they grant holders voting rights to change the platform parameters, such as TVL, Liquidation Fees, future collateral options, etc.
      • Second, they grant holders a claim on fees generated by the protocol.

      Is SPELL Token Worth Buying?

      SPELL is the protocol's token which is used for incentivization. The total Supply of SPELL has been reduced from 420B SPELL to 210B SPELL by performing a unique token burn event. 210B SPELL was minted to the SPELL contract itself. The contract has no way of accessing these tokens which ultimately turns the Token Smart Contract into a Burn Address.

      Investing in crypto always come with risk, no exception for SPELL Token. You should do your own research first before investing the SPELL Token.

      How to Stake SPELL Tokens?

      By clicking on the STAKE button in the top part of the screen, users will be able to access the SPELL Staking page. This Page is divided into three frames. 1. STAKE/UNSTAKE Frame. 2. Ratio Frame. 3. Staking Parameters Frame

      Where Can You Buy Spell Token(SPELL)?

      Investing in Spell Token can seem complicated, but it is much easier when you buy Spell Token through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Spell Token — both for fiat money and other cryptocurrencies. Some of the most popular Spell Token cryptocurrency exchange are:

      Spell Token (SPELL) Comunidade

      What is Spell Token (SPELL) Contracts address?

      Spell Token FAQ

      The current Spell Token usd price is $0.001378. We update the Spell Token USD price in real time. Get live prices of Spell Token on different cryptocurrency exchanges around the world on Coincarp.

      It depends on your personal risk tolerance and investment goals. Spell Token is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
      If you decide to get involved in Spell Token investing, you will also need to understand the Spell Token project's white paper, team background, tokenomics, and the overall market environment.
      The main ways to get involved in Spell Token investing are by participating in Spot, Perpetual, ETF/Leveraged trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.

      You can buy Spell Token from a cryptocurrency exchange (CEX or DEX) or some cryptocurrency wallets. Usually we choose cryptocurrency exchanges to buy, most exchanges require you to set up an account and verify your identity before buying Spell Token. Cryptocurrency exchanges that currently support Spell Token trading include:

      There may be errors in the crypto exchanges listed above. Please check the name, logo and contract address before trading to avoid losses.
      If there is any error, please feedback to us, our email is hello@coincarp.com. Please be aware that buying and selling Spell Token involves high risks.You should always do your own research and make sure you understand the risks associated with Spell Token trading before you begin.

      The easiest way to short Spell Token is through margin trading, usually with Perpetual contracts, Futures contracts, ETF/Leveraged. Only a few cryptocurrency trading platforms allows short selling due to the considerable risk involved in this type of trading.
      To start shorting Spell Token, open a margin account, provide some collateral for your short position, borrow some coins from the trading platform, and start short selling. Keep in mind that shorting Spell Token or any other cryptocurrency is high-risk. Exchanges that currently support shorting Spell Token are:

      It is impossible to predict what Spell Token will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Spell Token's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Spell Token 5 years from now.

      Spell Token's Logo
      Spell Token SPELL
      USD US Dollar

      SPELL Price Statistics

      Spell Token Price Today

      Spell Token Price

      $0.001378

      Price Change24h

      $0.00017 14.07%

      24h Low / 24h High

      $0.00119 / $0.001487

      Trading Volume 24h

      $84,387,689

      Volume/Market cap (24h)

      57.02%

      Market Dominance

      0.01%

      Market Rank

      #301

      Spell Token Market Cap

      Market Cap

      $148,004,956

      Fully Diluted Market Cap

      $289,380,000

      Spell Token Price History

      7d Low / 7d High

      $0.001107 / $0.001487

      30d Low / 30d High

      $0.000851 / $0.00189

      90d Low / 90d High

      $0.000467 / $0.00189

      52 Week Low / 52 Week High

      $0.00035 / $0.00189

      All Time High

      $0.035

      All Time Low

      $0.00035

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