We are honored to announce that UST(TerraUSD), SPELL(Spell Token) will be listed on XT.COM. UST/USDT, SPELL/USDT trading pairs will be opened in Innovation Zone. Please take note of the following go-live schedule:
- Deposit: 07: 30 on December 29, 2021 (UTC)
Trading: 07: 30 on December 29, 2021 (UTC)
Withdrawal: 03: 00 on December 30, 2021 (UTC)
[Info of UST]
TerraUSD (UST) is a decentralized algorithmic stablecoin of the Terra blockchain. In order to mint 1 UST, 1 USD worth of the reserve asset, LUNA, must be burned.
[Info of SPELL]
Abracadabra is a multichain lending protocol that utilizes interest-bearing tokens as collateral to mint a USD-pegged stablecoin - Magic Internet Money (MIM).
SPELL is the native token of the project. The current use cases for SPELL include:
Staking: Users can stake SPELL to receive sSPELL for a share of the protocol revenue distribution. Protocol revenue is used to fund SPELL token buybacks at the market price, which are then distributed to the stakers.
Liquidity Mining: Users can provide MIM or SPELL to liquidity pools on DEXs such as Curve Finance and Sushiswap to earn SPELL and a share of the transaction fees.
Governance: sers will need to stake SPELL in return for sSPELL to vote on governance proposals.
- UST，SPELL are newly-listed tokens and their initial prices may suffer huge fluctuations, causing partial or total losses. Before trading, please have a full understanding of all the risks in investing in digital assets and be prudent in your own decisions.
- All information displayed on XT.COM does not constitute investment advice. XT.COM does not take responsibility for any direct or indirect losses resulted. XT.COM does not assume responsibility for guarantees or compensation for depositing or locking positions.
Thank you for your support!
December 29, 2021
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XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.