Magic Internet Money Price Today (Official) | Live MIM Price Chart in USD | CryptoRank.io
Currencies
9929
Market Cap
$ 2.60T
+1.37%
24h Spot Volume
$ 51.47B
-11.9%
BTC Dominance
45.26%
-0.61%
ETH Gas
89 Gwei

Magic Internet Money [MIM]

 
Rank: 72
Token:
AvalancheEthereum
USD 1.00
0.16
BTC 0.000016
-0.72
ETH 0.000265
-0.60

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 Market Cap

$ 1,681,550,089 
Ƀ 26,913
FDMC: $ 1,681,550,089 
ATH: $ 1,878,552,470 

24h Trade Volume

$ 5,655,155 
Ƀ 90.51
MIM 5,644,401

Supply

Circulating:
MIM 1,678,352,207
Total:
MIM 1,678,352,207

All-Time-High (ATH) Price

$ 1.12 (15 Oct 2021)
Ƀ 0.0000188 (11 Oct 2021)
ETH 0.000301 (11 Oct 2021)
From ATH: -10.5%
To ATH: +11.7%

Magic Internet Money (MIM) is a cryptocurrency token generated on the Avalanche blockchain. MIM is minting through the mining process.

The total supply of Magic Internet Money that will ever be issued is 1.68 Billion tokens, and the current supply of MIM in circulation is 1.68 Billion tokens.

Current Magic Internet Money price is $ 1.00 moved up to +0.16% for the last 24 hours.

All time high (ATH) price of Magic Internet Money reached $ 1.12 on 15 Oct 2021 and fallen -10.5% from it.

Magic Internet Money's share of the entire cryptocurrency market is 0.06% with the market capitalization of $ 1.68 Billion.

Magic Internet Money’s 24 trading volume is $ 5.66 Millions. It is trading on 5 markets and 4 Exchanges .

Magic Internet Money Price

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

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.