Why buy SPELL?
1) SPELL is the platform’s governance token. Its main function is to stake it in Abracadabra to obtain sSPELL tokens, which have several benefits.
2) These benefits include voting rights to the future of the platform as well a claim to a portion of the fees earned by the protocol.
1) The SPELL token governs Abracadabra.money, a yield-farming platform where users can earn interest on their crypto holdings in the form of a stablecoin called MIM.
2) MIM, or Magical Internet Money, attempts to maintain a value of US$1.00 at all times.