What is Abracadabra Money (SPELL)?
Abracadabra Money is a decentralized lending platform that allows users to make passive income from yield-bearing tokens of other DeFi platforms. The lending platform was created by someone with the pseudonym "Squirrel" and Daniele Sesta in 2021. It was initially built on Ethereum but has expanded to Fantom, Avalanche, BNB Chain, Arbitrum, and Optimism.
How Abracadabra Money (SPELL) Works
Users need to deposit interest-generating tokens from other protocols like yvWETH and xSUSHI as collaterals into Abracadabra to receive the protocol's USD stablecoin called MIM (Magic Internet Money).
Another token that plays an important role in Abracadabra Money is SPELL. SPELL primarily serves as the governance token of the protocol, and it can also be used to stake to generate extra income.
How Many Abracadabra Money (SPELL) Tokens Are in Circulation?
At the beginning, SPELL had a total supply of 420 billion tokens. Later, half the tokens were burned, leaving 210 billion tokens remaining as the total supply. At the moment, there are 104.32 billion SPELL tokens in circulation.
How to Buy Abracadabra Money (SPELL)
Consider investing in Abracadabra Money (SPELL)? It only takes 2 minutes to create an account on Bitget and start trading SPELL.
Check out the available SPEL L trading pairs on Bitget!
Spot market
Abracadabra Money (SPELL) Resources
Buy Spell Token in Bulgaria with Bitget
Simple 3-step guide to buying SPELL today in Bulgaria
Create your free Bitget account
Select a funding method
Complete your Spell Token purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Spell Token using a payment method of your choice:
Buy Spell Token with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Spell Token order.
How to buy crypto with credit/debit cardBuy Spell Token with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Spell Token is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Spell Token order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Spell Token order.Buy Spell Token with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Spell Token order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Spell Token in your Bitget spot wallet
Bitget—where the world trades Spell Token
How to buy Spell Token for free
- Learn how to earn Spell Token for free through the Learn2Earn promotion
- Earn free Spell Token by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Spell Token airdrops by joining On-going challenges and promotions
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