Binance.US lists SPELL.
- Trade Spell Token (SPELL) on the SPELL/USD and SPELL/USDT pairs.
- Buy Spell Token (SPELL) with Bank Transfer (ACH), Debit Card, or Wire Transfer.
- Deposits* and withdrawals are now open for SPELL.
*Please note that Binance.US supports Avalanche C-Chain (AVAXC) and Ethereum (ERC20) SPELL deposits and withdrawals. We will be unable to recover tokens sent to the wrong network address. For more information on the networks that Binance.US supports, consult our full list of supported assets and networks.
Note: This article was last updated on June 2, 2022. Deposits for SPELL first opened on April 27, 2022 at 5 a.m. PDT / 8 a.m. EDT. Trading opened 24 hours later, along with the "Buy Crypto" functionality. Support for Avalanche C-Chain (AVAXC) SPELL was added on June 1, 2022.
What is Spell Token (SPELL)?
Abracadabra.money is a decentralized finance (DeFi) lending protocol that allows users to borrow magic internet money (MIM), a USD-pegged stablecoin that can be exchanged for other stablecoins, in exchange for lending interest-bearing tokens as collateral. In addition to borrowing, Abracadabra.money gives users access to farming and staking opportunities. Users can stake liquidity pool tokens (LP tokens) to farm SPELL, or stake SPELL for token rewards.
SPELL is a governance token that serves as the native token of Abracadabra.money. The token can be staked to earn yield or vote on governance proposals. It can also be used as collateral to secure MIM loans. While SPELL and MIM tokens are minted as Ethereum* tokens, they can currently be bridged to Arbitum, Avalanche, BNB Smart Chain, and Fantom.
Visit our blog to learn All About Spell Token (SPELL).
*Please note that at the time of writing, Binance.US only supports Ethereum (ERC20) SPELL deposits and withdrawals. We will be unable to recover tokens sent to the wrong network address. For more information on the networks that Binance.US supports, consult our full list of supported assets and networks.
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