Magic Internet Money
$0.000475
-1.0%(24h)Today
-1.0%
30 Days
-9.7%
Price Change (24h)
-$0.00000470
Price of Magic Internet Money Today
The live price of Magic Internet Money is $0.00047490 per MIM/USD, -0.98% in the last 24 hours. It has a market cap of $11.41M and $8.52K in trading volume over the same period. Prices are averaged across every exchange we track and update continuously. MIM has a circulating supply of 21B.
Current price
$0.0004749024h high
$0.0005033024h low
$0.0004531024h
-0.98%7d
+0.70%30d change
-9.66%MIM Market Stats
Rank
#1626
By market cap
Market Cap
$11.41M
24h Volume
$8.52K
Across 1 exchanges
FDV
$9.97M
If all tokens were issued
Circulating Supply
21B MIM
100.0% of max supply issued
Total Supply
21B MIM
Max Supply
21B MIM
Listed on
1 exchanges
Website & Community
Where to buy Magic Internet Money
Magic Internet Money is available on 1 exchanges. Prices shown are live.
| Exchange | Pair | Volume | Trade |
|---|---|---|---|
| Kraken | MIM/USD | $35.42K | Buy MIM on Kraken |
We may earn a commission when you sign up through these links. This never affects the prices shown.
Play Magic Internet Money in the Coinasity Fantasy League
Trade MIM with virtual money. Nothing here is a real order, and no deposit is ever taken.
Trade MIM risk-free
Buy and sell Magic Internet Money at live market prices using virtual cash.
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Watch profit and loss update against real prices, position by position.
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What is Magic Internet Money?
Magic Internet Money (MIM) is a USD-pegged stablecoin issued through the Abracadabra platform. Users can deposit interest-bearing assets as collateral into what the platform calls "Cauldrons" and borrow MIM against them. This mechanism allows holders to obtain liquidity without needing to sell their underlying assets.
The Abracadabra platform accepts a range of interest-bearing tokens as collateral, offering flexibility in the types of assets users can employ. It also includes a leverage-yielding function that enables borrowers to amplify their positions. The system's fees are generated from interest payments, borrowing costs, and a share of liquidation penalties.
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The protocol relies on blockchain infrastructure for security and transparency, with transactions recorded on a decentralized ledger. Abracadabra integrates with the Iron Bank protocol to facilitate collateralization and mint MIM across multiple blockchain networks. This multi-chain support broadens the stablecoin's accessibility. The fee structure is designed to sustain the platform's operations and maintain the stability and liquidity of MIM within its ecosystem.