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Spell is now listed on Cryptology!

January 29, 2024
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Buy, sell and trade SPELL

📈 Spot trading of SPELL/USDT is live


What is Spell?

Make your money magic with Spell!

Spell is a part of Abracadabra, a DeFi ecosystem that makes your interest bearing assets liquid. 

The Abracadabra app is a great way to expand your portfolio through:

  • Cauldrons
  • Borrow
  • Leverage
  • Positions
  • Stake
  • Tools - (Farms, beam, swap and analytics)

Users are able to swap their crypto assets for the Magic Internet Money, a leading decentralized and collateral-backed stablecoin ($MIM). This is used in the Abracadabra markets to borrow selected assets.

The built-in leverage machine gives users stability when borrowing and lending on Abracadabra. This gives you the best leverage and farming opportunities.

There are a number of blockchain networks compatible with Abracadabra:

  • Ethereum
  • Aave Ethereum
  • Kava EVM
  • Fantom
  • Avalanche 
  • Binance Smart Chain
  • Optimism
  • Polygon
  • Moonriver
  • Base
  • Linea.

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The SPELL token

The Abracadabra token is known as SPELL. 

This token is collected by users that engage with the different features after providing liquidity. 

Users can also stake SPELL tokens and earn rewards in the forms of fees and staking rewards.

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Tokenomics:‍

  • 63% - Global farming incentives
  • 30% - Team allocation (4 year vesting schedule)
  • 7% - Initial DEX offering


SPELL’s market stats:

  • Current market cap: $55,120,600
  • Circulating supply: 196,008,739,620 SPELL
  • Max supply: 196,008,739,620 SPELL
  • Twitter: 121,074 followers 

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Trade SPELL



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Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Cryptology will make its best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, Cryptology adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

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Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.