Magic Internet Money(MIM) is a pegged stablecoin backed by yield-bearing crypto assets. Abracadabra is the platform that allows users to mint Magic Internet Money tokens when users provide collateral in the form of yield-bearing cryptos. Later with the borrowed MIM, you can swap it with other stablecoins. The platform utilizes Kashi Lending Technology that provides isolated lending markets to the users to adjust their risk according to the decided collateral. Kashiis a lending platform that seeks to allow users to build gas-efficient and customized markets for borrowing, lending, and collateralizing DeFicoins or stablecoins. Abracadabra seeks to provide an opportunity to the users to utilize the locked-in capital for future use.

The purpose of utilizing Kashi is to allow users to aim to leverage their yield-bearing tokens. With Abracadabra, the platform executes the goal with a one-click user interface that does the work automatically. Also, unlike the other platforms where the users face the risk during liquidation events, at Abracadabra, the risk is isolated from owning individual liquidation. If the user opens two collateralized debt positions, they can set their tolerance accordingly. So, if a tokenhas more chances of depreciating value, users can borrow less MIM.

The MIM is a multichain token, and you can use Anyswap to bridge MIM across various networks. Anyswapis a decentralized cross-chain swap protocol to swap coins or tokens on any blockchain. Several mechanisms keep it pegged as MIM is fixed at the USD level. Users in hold debt acquire MIM below 1 USD creating a price rising effect, whereas a user holding valid collateral witness MIM above 1 USD will try to trade the MIM, which will have a price lowering effect. Also, the user can swap MIM with other stablecoins by choosing the stable asset they wish to switch into choosing the max slippage and gas price to execute the transaction.

Wir aktualisieren unsere Magic Internet Money in der Währung EUR in Echtzeit. Sehen Sie sich den Live-Kurs von Magic Internet Money auf Coinbase an.

Die aktuelle Marktkapitalisierung von Magic Internet Money beträgt 0,00 €. Eine hohe Marktkapitalisierung bedeutet, dass der Markt ein Asset hoch bewertet.

Das Magic Internet Money-Allzeithoch beträgt 2,35 €. Dieses Allzeithoch stellt den höchsten Preis dar, der seit dem Lauch von Magic Internet Money jemals gezahlt wurde.

In den letzten 24 Stunden betrug das Handelsvolumen von Magic Internet Money 69.440,964 €.

Zu den Kryptos mit einer vergleichbaren Marktkapitalisierung wie Magic Internet Money zählen Duck AI, Terraport, xx network und viele andere. Eine vollständige Liste finden Sie bei den Kryptos mit vergleichbarer Marktkapitalisierung.

Das derzeit zirkulierende Angebot an Magic Internet Money beträgt 0.