| General information | |
|---|---|
| Global rank: | 471 |
| Name: |
Spell Token |
| Symbol: | SPELL |
| Current coin price (ETB): | 0.042 Br |
| Last hour: | arrow_upward0.250 % |
| Last 24 hours: | arrow_downward-0.760 % |
| Last 7 days: | -3.32 %trending_down |
| Capitalisation (ETB): | 7 141 521 415.34 Br |
| Volume 24h (ETB): | 744 243 012.48 Br |
| Available supply: | 171 510 541 048.00 SPELL |
| Total coin supply: | -1 SPELL |
| Start date: | 2021-05-27 |
Spell Token/Ethiopian Birr (SPELL/ETB) price chart
Spell Token/Ethiopian Birr (SPELL/ETB) capitalisation and volume charts
Spell Token (SPELL) is the native utility token of Spell, an Ethereum-based protocol that enables permissionless lending and borrowing of crypto assets. Users can lend assets to the Spell platform and earn interest, or borrow assets against collateral, paying interest and a portion of the borrowed assets as fees.
SPELL is used as a governance token that allows holders to participate in decision-making processes concerning the Spell protocol's development and management. Additionally, users can earn rewards for staking SPELL, participate in liquidity mining programs, and receive fee discounts.