#299 rank
Magic Internet Money mim
Magic Internet Money Price in USD
$0.999
0.08%0.001 ETH
0 BTC
Price Change
MIN
MAX
Magic Internet Money Price Statistics
Current Price
$0.999
Market Volume
$86,494,637
Fully Diluted MarketCap
$136,261,371
Total Volume
5,389,518
Total Supply
136,381,883.317
Circulating Supply
86,571,134.669
Price Change 24h
$0.001
0.08%Market Cap Change 24h
$-5,404,374.958
-5.881%All Time Low
$0.876
13.977%Historical Data for Magic Internet Money
| Date | Open | High | Low | Close | Change % |
| 25 May 2023 | $0.999128 | $0.999128 | $0.999128 | $0.999128 | 0% |
| 21 May 2023 | $0.998823 | $0.998823 | $0.998823 | $0.998823 | 0% |
| 9 May 2023 | $1 | $1 | $1 | $1 | 0% |
| 17 Apr 2023 | $0.998007 | $0.999707 | $0.998007 | $0.999707 | 0.171% |
| 12 Apr 2023 | $0.999583 | $0.999583 | $0.999583 | $0.999583 | 0% |
| 11 Apr 2023 | $0.999702 | $0.999702 | $0.999702 | $0.999702 | 0% |
| 9 Apr 2023 | $0.999122 | $0.999122 | $0.999122 | $0.999122 | 0% |
| 7 Apr 2023 | $0.998545 | $0.998545 | $0.998545 | $0.998545 | 0% |
| 6 Apr 2023 | $0.999842 | $0.999842 | $0.999842 | $0.999842 | 0% |
| 4 Apr 2023 | $0.999951 | $0.999951 | $0.999951 | $0.999951 | 0% |
MIM Price Live Data
Magic Internet Money price today is USD 0.999 and the trading volume in 24 hour is USD 5,389,518. Price change in the MIM price in the last 24 hour is 0.001 . It has a circulating supply of 86,571,134.669 coins and a total supply of 136,381,883.317. Total market cap of the MIM is USD 86,494,637 which has the movement of -5.881 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
Trending Coins
FAQs
The current price of Magic Internet Money is USD 0.999.
Highest and lowest price of Magic Internet Money is USD 1.002 and USD 0.996 respectively.
The total supply of Magic Internet Money is 136,381,883.317 and circulating supply of Magic Internet Money is 86,571,134.669
The trading volume of Magic Internet Money is 5,389,518 in the last 24 hours.