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How to buy Abracadabra Money from Bitget

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 SPELL trading pairs on Bitget!

Spot market

SPELLUSDT

Abracadabra Money (SPELL) Resources

Official Website

Official Documents

Bitget: Where The World Trades Abracadabra Money

Fast

Bitget’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.

Simple

Trading crypto on Bitget is easy and intuitive. You only need a few steps to buy Abracadabra Money instantly.

Secure & Trusted

Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.

Liquid

Bitget is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.

How to buy Abracadabra Money from Bitget

What to Do After I Buy Abracadabra Money

Store/Hold Abracadabra Money

Many users hold on to their Abracadabra Money with the expectation of it increasing in value. You can store your SPELL safely on your Bitget account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.

Trade Abracadabra Money

You can trade Abracadabra Money for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Abracadabra Money trading to meet your needs.

Send Abracadabra Money

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Abracadabra Money online and send to anyone and anywhere with their Abracadabra Money address.

Spend Abracadabra Money

You can also buy goods and services with your Abracadabra Money. More and more vendors and retailers accept Abracadabra Money every day.

Donate Abracadabra Money

Bitget Charity accepts Abracadabra Money donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Abracadabra Money so no one misses out on the growth made possible by blockchain.

Learn More About Abracadabra Money

You can read more in-depth articles on Abracadabra Money from Bitget Research and study how cryptocurrencies like Abracadabra Money work on Bitget Academy

Buy and Sell SPELL on the Move

Download the Bitget crypto trading app and trade your SPELL plus 150+ cryptocurrencies, anytime and anywhere.

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Origin Dollar Governance

(!) Cryptocurrency investment activities, including actions done to buy Abracadabra Money online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Abracadabra Money instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Abracadabra Money purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.