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Magik Finance MAGIK Price $ 0.0258
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DeFi
MAGIK Price
General Info
Contracts/Explorers:
Fantom
Funds and Backers
No funds found yet
Wallets
No wallets found yet
Description
MAGIK is the algorithmic token pegged to FTM on the Fantom Opera network
Magik Finance (MAGIK) Chart
MAGIK to USD Converter
MAGIKMAGIK Price Statistics
What is Magik Finance (MAGIK)?
MAGIK is the algorithmic token pegged to FTM on the Fantom Opera network. MAGIK's algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Opera network. The protocol's underlying mechanism dynamically adjusts MAGIK's supply, pushing its price up or down relative to the price of FTM.
Note that MAGIK actively pegs via the algorithm, it does not mean it will be valued at 1 MAGIK: 1 FTM at all times as it is not collaterized. MAGIK is not to be confused for a crypto or fiat-backed stablecoin.
Magik Finance Price Today
Magik Finance's current price is $ 0.0258, it has dropped -2.84% over the past 24 hours.
Magik Finance's All Time High (ATH) of $ 0.686 was reached on 4 Feb 2023, and is currently -96.2% down.
The current circulating supply of Magik Finance is 550.22 Thousands tokens, and the maximum supply of Magik Finance is 939.13 Thousands.
Magik Finance’s 24 hour trading volume is $ 26.93.
Magik Finance's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 14.17 Thousands.
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