Magic Internet Money

Magic Internet Money (MIM)

Full information about Magic Internet Money (MIM). Current Magic Internet Money price in PHP, MIM open/close rates, Magic Internet Money history charts, Magic Internet Money market capitalization and volume.

1 MIM = 59.43 ₱ Philippine Peso (PHP)
0.9991121 PHP

Last updated: 2024-10-01 01:41:00 UTC - about 1 year ago 1 USD = 59.482053 PHP

General information
Global rank:3554
Name: Magic Internet Money Magic Internet Money
Symbol:MIM
Current coin price (PHP):59.43 ₱
Last hour:arrow_downward-0.060 %
Last 24 hours:arrow_downward-0.130 %
Last 7 days:0.520 %trending_up
Capitalisation (PHP):0.000000 ₱
Volume 24h (PHP):7 813 562.48 ₱
Available supply:0.000000 MIM
Total coin supply:-1 MIM
Start date:2021-06-02
Last updated: 2024-10-01 01:41:00 UTC - about 1 year ago

Magic Internet Money/Philippine Peso (MIM/PHP) price chart

Magic Internet Money/Philippine Peso (MIM/PHP) capitalisation and volume charts

What is Magic Internet Money (MIM)?

Magic Internet Money (MIM) is a stablecoin soft-pegged to the US dollar, minted by the Abracadabra.money protocol. It is backed by interest-bearing tokens and designed to remain close to the value of 1 USD.

Who created Magic Internet Money (MIM)?

Magic Internet Money was founded by Daniele Sestagalli and launched in 2021. It operates on Ethereum and other adjacent blockchains.

What is $MIM used for?

MIM is used as a stablecoin and can be borrowed against various forms of collateral on the Abracadabra.money platform. It facilitates fast and secure cross-chain transfers through the innovative Beaming feature, powered by the LayerZero Omnichain Fungible Token (OFT) standard. MIM's value is maintained through arbitrage, allowing users to buy or sell MIM to keep its price close to 1 USD.