#593 rank
Magic Internet Money

Magic Internet Money mim

Magic Internet Money Price in INR

₹82.381

-0.13%

0 ETH

0.994 USD

0 BTC

Price Change

MIN

MAX

Magic Internet Money Price Statistics

Current Price

₹82.381

Market Volume

₹4,595,108,651.586

Fully Diluted MarketCap

₹15,099,650,734.794

Total Volume

473,345

Total Supply

182,216,321.327

Circulating Supply

55,611,860.749

Price Change 24h

₹-0.107
-0.13%

Market Cap Change 24h

₹-4,414,484.016
-0.096%

All Time Low

₹69.819
17.877%

MIM Price Live Data

Magic Internet Money price today is INR 82.381 and the trading volume in 24 hour is INR 473,345. Price change in the MIM price in the last 24 hour is -0.107 . It has a circulating supply of 55,611,860.749 coins and a total supply of 182,216,321.327. Total market cap of the MIM is INR 4,595,108,651.586 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

FAQs

The current price of Magic Internet Money is INR 82.381.

Highest and lowest price of Magic Internet Money is INR 83.415 and INR 82.169 respectively.

The total supply of Magic Internet Money is 182,216,321.327 and circulating supply of Magic Internet Money is 55,611,860.749

The trading volume of Magic Internet Money is 473,345 in the last 24 hours.