How to buy Magic Internet Money (MIM)

How to buy and use Magic Internet Money (MIM)

Magic Internet Money (MIM) is a USD-denominated stablecoin. It operates on the Abracadabra platform. Users can generate MIM through mining.

Another way to obtain MIM is by borrowing it. Users deposit interest-bearing tokens as collateral into a Cauldron on the Abracadabra platform. This allows them to get liquidity without selling their assets. Protocol fees come from interest and borrowing fees. They also include a portion of liquidation fees.

Where MIM is available

MIM can be found on several exchanges and decentralized platforms. Verified routes include:

• LFJ (Avalanche)
• SushiSwap (Ethereum)
• Curve (Ethereum)
• SushiSwap (Arbitrum)
• Curve (Avalanche)
• SushiSwap (Avalanche)
• Uniswap v4 (Ethereum)
• Pangolin
• Swapsicle (Avalanche)
• PumpSwap
• pulsex

Network and redemption caveats

MIM is available on multiple networks. These include Ethereum, BNB Smart Chain, Fantom, Avalanche C-Chain, Arbitrum, Solana, Terra Classic, and Moonriver.

Users must verify the withdrawal network supported by their exchange or wallet. Using the wrong network can lead to loss of funds. Official explorer links are available for address and transaction checks. Project documentation is available for further verification.

Custody, depeg, and issuer risks

Users should verify the exact contract address and network through official sources before transferring funds. Deposit and withdrawal support is not verified for all listed routes.

Exchange availability and KYC requirements vary by country. Account features also differ based on location. Users should check these limits before opening an account.

Sources and methodology

Routes are sourced only from verified market-pair rows in our database. Web research and CMC news provide background and risk context. Information from CoinMarketCap pages is treated as low-confidence context. Live market values are omitted because they change frequently.