This article describes a token based on a stablecoin that provides the miners and stakers high returns for their deployed capital. Read on Spell NA Binance.
Are you planning to trade or invest in newly introduced crypto tokens? If so, you might have heard about this token based on a protocol that involves borrowing a stablecoin. Investors, stakers and miners can benefit from the high-interest rate generated from this token.
Stakers, miners and traders from Brazil are highly interested in this token that provides a high return even for a short-term investment. Investors can start by deploying even small capital. Read more about Spell NA Binance.
About Spell Token (SPELL)
Abracadabra Money launched this token as a type of utility and governance token. This platform is used for multiple purposes such as governance staking, revenue share staking and yield farming. A high reward is given to the miners for their valuable effort.
The stalking can be done with a lesser capital, and the capital will be locked for the selected period. The stable coin associated with Abracadabra is MIM which functions with assets such as xSUSHI and yvYFI. The token price varies according to the change in the underlying assets making it more stable and less volatile.
Spell NA Binance
- The capital deployed by the user is staked to mint the stable coin for a high-interest return.
- Currently, this token is not available on Binance platform.
- The interest is divided and distributed into three. Seventy-five per cent of the interest is given to the stakers, twenty-five per cent to the pool incentives and the remaining five per cent to safety module treasury.
- The token issuance is distributed in three parts. 66.5% to yield farming, 30% to the team and 3.5% to IDO.
- Current Market Price: $0.01857
- 24h Low: $0.02051
- 24h High: $0.0151
- 24h Trading Volume: $51,755,878.27
- Volume: 0.0477
- Market Rank of Spell NA Binance: 2709
- Fully Diluted Market Cap: $3,847,167,270.91
- Market Cap: $1,085,114,796.78
Founders and Team
Details regarding the team, founder or investors are not mentioned on the official website. The investors need to wait till they reveal that information officially.
Where to buy it?
- Visit the official website of abracadabra and register an account by providing basic information.
- After the registration, the user needs to connect their account with Metamask wallet to continue to the next process.
- The exact network of the user’s Metamask needs to be provided to avoid any complications during the transaction. Read more on Spell NA Binance.
- There are five major network options available to the user, and the user can choose them according to the MetatMask account they have.
- The five different networks includes Ethereum, BSC, Fantom, Arbitrum and Avalanche. Select the matching network according to the user’s wallet type.
- After confirming the network, the user can add any major cryptocurrencies to the wallet.
- The next steps involve the usage of the contract address. Copy the right contract address and paste it on the input box provided.
- Major cryptocurrencies like Bitcoin, Ethereum, Binance, Cardano etc., are used to exchange with Spell NA Binance as per the market price.
Q1: Does coinmarketcap provide information regarding SPELL tokens?
A1: Yes, all the token details are available on the coinmarketcap website.
Q2: What is the contract address of SPELL?
A2: The contract address of SPELL token is 0x090185f2135308bad17527004364ebcc2d37e5f6
Staking has attracted more investors as it provides better interest rates compared to normal bank interest. As staking is a passive way of earning money, it has high demand among investors. To understand more about the topic, please visit this link.
Have you invested in any tokens that provide a high-interest rate similar to Spell NA Binance? If so, please comment your opinion below.
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