Currencies
16098
Market Cap
$ 998.98B
-0.56%
24h Spot Volume
$ 22.63B
-27.6%
BTC Dominance
40.37%
+0.48%
ETH Gas
54 Gwei

Magic Internet Money

[MIM]
abracadabra.money is a lending protocol that allows users to borrow a USD-pegged Stablecoin (MIM) using interest-bearing tokens as collateral.

Magic Internet Money Price

$ 0.987-0.60

0.0000467-0.52

High / Low

High:$ 0.999

Low:$ 0.986

Contracts

Ethereum

0x99...17f3

Moonriver

0x0c...3adb

Terra Classic

terr...pf2y

Arbitrum

0xfe...6c2a

Magic Internet Money Market Cap

$ 192.87M 
Ƀ 9.12K
FDMC: $ 1.79B 
ATH: $ 216.69M 

24h Trade Volume

$ 1.07M 
Ƀ 50.55
MIM 1.08M

Supply

Circulating:
MIM 195.45M(10.76%)
Total:
MIM 1.82B

All-Time-High (ATH) Price

$ 1.11 (15 Oct 2021)
Ƀ 0.0000552 (18 Jun 2022)
ETH 0.00109 (18 Jun 2022)
From ATH: -11%
To ATH: +12.4%

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

MIM

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.

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