$SPELL

Spell Token (SPELL) is a type of cryptocurrency used in the abracadabra.money platform, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a stablecoin called Magic Internet Money (MIM).

The current price of SPELL is $0.001716, up 25.14% in the past 24 hours. The market capitalization of SPELL is $267.84 million, with a trading volume in the last 24 hours of $589.83 million.

SPELL is used to incentivize users to participate in the abracadabra.money platform, such as by providing returns for lenders and borrowers. This token can also be used to engage in other activities on the platform, such as yield farming and governance.