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.

Atualizamos o preço de Magic Internet Money em BRL em tempo real. Consulte a atual cotação de Magic Internet Money na Coinbase.

A capitalização de mercado atual do Magic Internet Money é de R$ 0,00. Uma capitalização de mercado elevada indica que o ativo está altamente valorizado no mercado.

A máxima histórica do Magic Internet Money é R$ 14,45. Essa máxima história é o maior valor já pago pelo Magic Internet Money desde o seu lançamento.

Nas últimas 24 horas, o volume de negociação do Magic Internet Money é R$ 158,65 mil.

Os ativos que têm uma capitalização de mercado semelhante ao Magic Internet Money incluem Quick Transfer coin, UNCOMMON•GOODS, Degen Express e muitos outros. Para ver uma lista completa, consulte nossos ativos com capitalizações de mercado semelhantes.

A oferta atual em circulação do Magic Internet Money é 0.