The SPELL token is the native currency of the Abracadabra.money protocol, a decentralized lending platform that allows you to use your digital assets as collateral to obtain a stablecoin called MIM (Magic Internet Money)!
Why are people interested in SPELL?
You can benefit from it in governance and voting on protocol decisions.
It is used to pay interest within the platform.
Part of an ecosystem aimed at enabling people to "make money from magic" – literally!
Is it an opportunity?
The currency has gone through phases of ups and downs, but the project continues and has an active community. An opportunity for investors looking for innovative DeFi projects, but of course, you must do your research before any investment.