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Magic Internet Money

Magic Internet Money

MIM
$0.03786Up 0.15 percent($0.00)

Key Stats

Market Cap$6.62MUp 0.15 percent
Volume (24h)$2.94
Fully Diluted Value$6.62M
Vol/Mkt Cap (24h)0.00%
Total Supply174.88M MIM
Max Supply∞
Launch Date2021-06-02
Built OnETH
Token StandardERC20
Smart Contract Address0x99d8…17f3
Decimal Places18

Magic Internet Money Information

Websites
abracadabra.moneyWhitepaper
Industries
Stablecoin
Parent Asset
USD

Magic Internet Money Price Converter

Magic Internet MoneyMIM
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Latest Magic Internet Money News

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Magic Internet Money Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Magic Internet MoneyUSDT logo
MIM-USDT
MIMUSDT
ascendex logoascendex
D
0.1038USDT
0.00%

Magic Internet Money Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
MIMERC20ETH0x99d8a9c45b2eca8864373a26d1459e3dff1e17f32021-05-27

About Magic Internet Money

Magic Internet Money (MIM) is a stablecoin soft-pegged to the US dollar, created by Daniele Sestagalli in 2021. It is minted by the Abracadabra.money protocol and backed by interest-bearing tokens. MIM can be borrowed against collateral on the Abracadabra platform and allows fast and secure cross-chain transfers through Beaming. Its value is maintained through arbitrage, keeping it close to 1 USD. MIM serves as a stable digital currency for various financial activities on the blockchain.

Frequently Asked Questions

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.

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

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.