Spell token has enraptured the crypto market after it was surprisingly enlisted on the digital currency exchange Crypto.com App. In a new blog post, the digital currency exchange has informed its users that they can now buy Spell tokens (SPELL) using different fiat currencies.
Right after the announcement of enlisting the prices of Spell tokens rose from $0.011 to $ 0.016, witnessing a 45% increase.
SPELL is an Ethereum based token that is used to govern Abracadabra.money platform, where interest bearing cryptos are deposited by users to mint Stablecoin Magic Internet Money (MIM).
SPELL tokens can be staked to get sSPELL tokens that will provide users with voting rights and rewards claims. The total supply of SPELL token is 210 billion.
After the enlisting, SPELL has joined a roster of over 200 cryptocurrencies that are enlisted by crypto.com App.
The crypto exchange recently also announced partnerships with different sports giants such as LA Lakers, F1 racing and UFC.
Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investing.
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