#721 rank
Magic Internet Money

Magic Internet Money mim

Magic Internet Money Price in USD





Price Change



Magic Internet Money Price Statistics

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All Time Low


MIM Price Live Data

Magic Internet Money price today is USD 0.987 and the trading volume in 24 hour is USD 1,959,708. Price change in the MIM price in the last 24 hour is -0.004 . It has a circulating supply of 55,611,860.749 coins and a total supply of 181,999,311.2. Total market cap of the MIM is USD 55,417,808 which has the movement of -0.096 in the last 24 hours

What is Magic Internet Money (MIM)?

MIM is a USD pegged stablecoin created by Abracadabra.money, a lending/borrowing protocol. A stablecoin is a cryptocurrency whose value is pegged to another fiat currency like the US Dollar. Abracadabra uses interest-bearing tokens as collateral to create/mint MIM. MIM is in the top 10 stablecoins by Market Cap(as of March 2022

The Team Behind Magic Internet Money

Abracadabra is the Decentralized Application or Dapp behind MIM. It mainly consists of anonymous members, including Daniele Sesta, who is the founder of Popsicle Finance and Wonderland, Poolpi of Yearn Finance, Julien of Stake DAO, Sifu of Wonderland, 0xmelin, and Squirrel(Twitter name

Top Value Drivers For Magic Internet Money

The main reasons to invest in Magic Internet Money include: - Yield-bearing tokens like LP tokens(tokens one gets after providing liquidity on a Decentralized Exchange or DEX) can be used as collateral to create/mint MIM stablecoin. - Can do leveraged borrowing by borrowing against the borrowed stablecoin MIM, all in one transaction, thus reducing fees


The current price of Magic Internet Money is USD 0.987.

Highest and lowest price of Magic Internet Money is USD 1.001 and USD 0.973 respectively.

The total supply of Magic Internet Money is 181,999,311.2 and circulating supply of Magic Internet Money is 55,611,860.749

The trading volume of Magic Internet Money is 1,959,708 in the last 24 hours.