Magic Internet Money[MIM]
Magic Internet Money Price
Magic Internet Money Market Cap
24h Trade Volume
All-Time-High (ATH) Price
Magic Internet Money Live Chart
Magic Internet Money price Index provides the latest MIM price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
The Magic Internet Money to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
MIM to USD Converter
Magic Internet Money Live Info Today
Magic Internet Money's current price is $ 0.987, it has dropped -0.6% over the past 24 hours.
Magic Internet Money's All Time High (ATH) of $ 1.11 was reached on 15 Oct 2021, and is currently -11% down.
The current circulating supply of Magic Internet Money is 195.45 Million tokens, and the maximum supply of Magic Internet Money is 1.82 Billion.
Magic Internet Money’s 24 hour trading volume is $ 1.07 Million.
Magic Internet Money's current share of the entire cryptocurrency market is 0.02%, with a market capitalization of $ 192.87 Million.
What is Magic Internet Money
MIM is a USD pegged stable coin. As with most stablecoins, it will be traded on markets with other stablecoins such as USDT, DAI, and USDC.
How does Abracadabra Work?
Users follow the steps:
- Step 1 — Collaterals are deposited on Abracadabra.
- Step 2 — A debt allocation, with interest, is assigned to the borrower.
- Step 3 — MIM tokens are deposited into the borrower’s wallet.
- Step 4 — Users take their MIM wherever they like.
The Magic Internet Money Token
The MIM token is a USD pegged stable coin that is backed by ibTKNs.
MIM tokens are minted by the multisig holders on Ethereum, and only after being collateralized are they injected into circulation. In the future, they may be bridged to other blockchains.