[New Coin Listing] Spell Token(SPELL) to Be Listed on DigiFinex

Dear users,

DigiFinex will list Spell Token(SPELL) at 16:00(GMT+8), Mar 17th, 2022. The trading service of SPELL/USDT will be opened at 16:00 (GMT+8), Mar 17th, 2022. The specific schedule is as follows: 

• Time of opening deposit: Mar 17th, 2022 16:00 (GMT+8)
• Time of opening trading: Mar 17th, 2022 16:00 (GMT+8)
• Time of opening withdrawal: Mar 19th, 2022 16:00 (GMT+8)
• Trading pair: SPELL/USDT

Project name: Spell Token(SPELL)
Official website: https://abracadabra.money/
Block explorer: https://etherscan.io/token/0x090185f2135308bad17527004364ebcc2d37e5f6

Spell Token (SPELL) is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). Abracadabra uses the Kashi Lending Technology pioneered by SushiSwap (SUSHI) to provide isolated lending markets that allow users to adjust their risk tolerance according to the collateral they decide to use. Users can deposit collateral and borrow MIM against it. Abracadabra also offers yield farming opportunities, where users can stake their liquidity provider (LP) tokens to farm SPELL. This facilitates better liquidity for certain cryptocurrency pairs, currently Ether (ETH)-Spell Token (SPELL) and Magic Internet Money (MIM)-LP 3pool Curve (3CRV). Furthermore, users can also open leveraged farming positions using borrowed MIM from their interest-bearing collateral.

Risk Alert: This is a new token project that poses higher risks than others, which will face potential high price volatility. Please ensure you have done your own research in regards to the fundamental concepts and fully understand this project before opting to trade. DigiFinex will make the best efforts to list high-quality token projects, but will not be responsible for any of your trading losses.

Thank you for your support!

DigiFinex Team
Mar 17th, 2022

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