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Magic Internet Money Overview
24h High
$0.05
24h Low
$0.05
24h Change
-0.01%
7d Change
-6.17%
30d Change
-20.44%
Volume 24h
$0
Circulating Supply
174.88M MIM
Magic Internet Money News
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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.
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.
Magic Internet Money Markets
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Magic Internet Money Platforms
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Magic Internet Money Market Data
The live Magic Internet Money price today is $0.05 USD with a 24-hour trading volume of $0.00 USD. We update our MIM to USD price in real-time. Magic Internet Money is down 0.01% in the last 24 hours.
The current market cap is $9,081,566.30 USD. The circulating supply is 174,877,890 MIM.