Magic Internet Money

Magic Internet Money

Magic Internet Money

Magic Internet Money

MIM
Founded
2013
Price
$0.993
Your Income
64.01 K MIM
MIM vs US
0%
Market Cap
$55.42 M
Separate Merge Formulate

Magic Internet Money Price Chart

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90 Days Average: $Crypto Score of 100 maximum

Magic Internet Money Market Cap Chart

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90 Days Average: $

Magic Internet Money Volume Chart

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90 Days Average: $

Magic Internet Money Supply Chart

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90 Days Average: MIM

Abracadabra. Money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to lend a USD pegged stablecoin (Magic Internet Money – MIM) that can be used as any other conventional stablecoin. When a participant deposits collateral to Abracadabra and takes out a MIM token loan, the platform mints fresh MIM into the delivery, backed by the user’s ibTKNs in the Collateral Debt Position. When you pay out the MIM, the protocol burns MIM from the store, abatement its overall circulation in the market.

Many assets, such as yVaults, have been locked in the capital that can’t be put to further use. Abracadabra offers a chance to use it. Abracadabra uses Kashi Lending Technology to supply isolated lending markets that permit users to regulate their risk tolerance according to the collateral they decide to use.

As a reminder, 75% of the protocol revenues are used to buy back SPELL tokens using the sSPELL mechanism, and 25% are held in the treasury and used for other goals. The pure simplistic design of the advert caught the attention of the Reddit customers visiting the front web page of the internet and piqued their interest. Site visitors to the subreddit page grew. People educated themselves on this decentralized currency, saw the advantages, and commenced investing in it.

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Starting on 01 January 2024, and goes for the next 365 Days.

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