About Spell Token (SPELL)TOKEN

Data and Information

Spell Token (SPELL) is a reward token associated with abracadabra.money, a decentralized lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow the stablecoin Magic Internet Money (MIM). Utilizing Kashi Lending technology from SushiSwap, Abracadabra offers isolated lending markets that allow users to customize their risk based on the collateral they choose.

Users can deposit collateral to borrow MIM, engage in yield farming by staking liquidity provider (LP) tokens, and open leveraged positions using borrowed MIM.Abracadabra is governed through a Snapshot page and involves several notable contributors from the DeFi space. The uniqueness of Spell Token lies in its isolated lending markets, which minimize risk for specific token pairs, while also enabling liquidity for cryptocurrency pairs often unsupported by many other exchanges.

Users can borrow against interest-bearing tokens and then borrow again using the obtained stablecoin, all in one transaction for gas fee efficiency. Additionally, users can farm SPELL by providing liquidity, and staked tokens will generate platform fees that auto-accumulate over time.

For more information, visit the official website  resmi Spell Token (SPELL) at https://abracadabra.money/

Crypto Asset  Ranking Information

As of 22 Oktober, 2024 the CoinMarketCap ranking of DODO(DODO) is #403, with a market cap of USD 89,256,697.14
 It has a circulating supply of  150,424,123,297.38 SPELL and a maximum supply of 196,008,739,620 SPELL

How to Buy Spell Token (SPELL) on INDODAX 

Now that you’ve discovered more about Spell Token (SPELL) , you can start investing in (SPELL)  easily and securely on INDODAX. 

You can access INDODAX via the INDODAX Mobile App, which can be downloaded from the App Store or Google Play Store, or by visiting the INDODAX website.

To buy Spell Token (SPELL) crypto asset on INDODAX, follow the steps below:

1. Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
2. Then, deposit by reading how to make a deposit below
3. After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
4. Search for Spell Token (SPELL)  in the IDR market, and click to visit the crypto asset page
5. On the crypto asset page, enter the balance and desired Spell Token (SPELL) purchase price, or buy instantly at the current price
6. Next, you should wait for the price to increase for some time
7. Once the price increases, your assets can be sold at a higher price with the Instant method
8. If you use the Limit method to sell, make sure to place a sell order after purchasing the asset and enter a higher sell number

INDODAX also offers other features than trading, such as INDODAX Earn which allows you to lock crypto assets and earn interest rewards, and INDODAX OTC for large crypto transactions in a more personalized and secure way.

Let’s invest in Spell Token (SPELL) on INDODAX now!