Spell Token vs Waves — how do they compare? Spell Token trades at Rp1.6 (market cap Rp311,87M, Rp56,81M 24h volume), while Waves trades at Rp4,650 (market cap Rp612,02M, Rp56,92M 24h volume). The key difference: Waves is the larger of the two by market cap, and Spell Token's circulating supply is 195,2B SPELL versus 132,4M WAVES for Waves. Which is the better fit depends on your goals — on Pluang, investors hold Spell Token for 43 Days and Waves for 74 Days on average.
| SPELL | WAVES | |
|---|---|---|
Market Cap | Rp311,87M | Rp612,02M |
Volume (24h) | Rp56,81M | Rp56,92M |
Circulating Supply | 195,2B SPELL | 132,4M WAVES |
Typical Hold Time | 43 Days | 74 Days |
What Pluang investors did over the last 30 days
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Spell Token is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). SPELL token can be farmed by providing liquidity in one of the different pools. SPELL can also be staked, and staked tokens accrue a share of the platform fees (interest, borrowing fees, and 10% of the liquidation fee for certain markets), which auto-compound.
Read more on SPELL →Waves is a versatile blockchain platform that supports decentralized applications (DApps) and smart contracts. Launched in June 2016 after one of the earliest ICOs, Waves aimed to enhance speed, utility, and user-friendliness compared to earlier blockchain platforms. The platform has evolved with various updates and features over time. Its native token, WAVES, has an uncapped supply and is used for payments like block rewards.
Read more on WAVES →