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.

我们实时将 Magic Internet Money 更新为 USD 货币。通过 Coinbase 获取最新 Magic Internet Money 价格。

Magic Internet Money的当前市值为 US$0.00。高市值意味着该资产在市场上的价值很高。

Magic Internet Money的历史最高价位是 US$2.71。这是Magic Internet Money自推出以来的最高价格。

在过去 24 小时内，Magic Internet Money的交易量为 US$8943.535。

与Magic Internet Money具有相似市值的资产包括Evrmore, SuiPad, AInalyst和许多其他资产。要查看完整列表，请参阅我们的可比市值资产。

Magic Internet Money的当前流通供应量是 0。