| General information | |
|---|---|
| Global rank: | 399 |
| Name: |
Spell Token |
| Symbol: | SPELL |
| Current coin price (GIP): | 0.000449 £ |
| Last hour: | arrow_upward0.970 % |
| Last 24 hours: | arrow_downward-4.17 % |
| Last 7 days: | 6.35 %trending_up |
| Capitalisation (GIP): | 67 207 489.85 £ |
| Volume 24h (GIP): | 4 290 969.55 £ |
| Available supply: | 149 545 025 378.00 SPELL |
| Total coin supply: | -1 SPELL |
| Start date: | 2021-05-27 |
Spell Token/Gibraltar Pound (SPELL/GIP) price chart
Spell Token/Gibraltar Pound (SPELL/GIP) 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.