SPELL coin is the governance token of the Abracadabra.Money decentralized lending platform.
It is an ERC-20 token and is used as an incentive and governance token within the ecosystem. SPELL is mainly used for governance in the Abracadabra protocol and earning fees from the protocol itself. Abracadabra uses interest-barring tokens to mint Magic Internet Money - a USD-pegged stablecoin. SPELL’s maximum supply is 210,000,000,000 and is distributed for team allocation, global farming incentives, and during the initial DEX offering.
The fourth-richest whale bought 135,000 Terra (LUNA) for $6.72 million.
IYKYK 🌕