Magic Internet Money MIM

Magic Internet Money ($MIM) is a decentralised and collateral-backed stablecoin in the Abracadabra ecosystem. It is pegged to the value of 1 US dollar. Users can borrow $MIM by using their favorite assets as collateral. The value of the collateral continues to grow while it is in the Abracadabra markets.

Magic Internet Money, represented by ABRACADABRA.MONEY, distinguishes itself from other cryptocurrencies by offering a "spellbook" concept. It functions as a platform where users can generate "magic money" by providing various crypto assets. This innovative approach allows users to become wizards, producing different crypto assets like yvYFI, yvUSDR, xSUSHI, and more, which can generate significant interests. This unique feature sets Magic Internet Money apart from traditional cryptocurrencies by offering a creative and interactive way for users to generate wealth on the internet.