Industry Watch, Press Release, Uncategorized @vi 24 December, 2021 – 16:00

Nami Exchange will list Spell Token (SPELL) and TerraUSD (UST)

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Dear Nami Community,

In order to expand the investment portfolio and bring more choices to users and the community, Nami Exchange would like to announce the listing of SPELL and UST token with trading pairs:


  • Deposits for the tokens will open from now on.
  • Exchange trading pairs will open at 16:00 (UTC+7) on December 24, 2021
  • Withdrawals will open at 15:00 (UTC+7) on December 25, 2021

What is (SPELL)? is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin (Magic Internet Money – MIM), that can be used as any other traditional stablecoin.

Currently, a lot of assets, such as yVaults have locked in capital that can’t be put to further use. Abracadabra offers an opportunity to use it.

SPELL is its token, used for incentivization as well as voting right when staked!

Information about SPELL

  • Token Name: Spell Token
  • Ticket: SPELL
  • Total Supply: 103.214.939.480 SPELL
  • Max Supply: SPELL
  • Circulating Supply: 78.63B SPELL
  • Blockchain: Ethereum
  • Standard: ERC-20
  • Token Type: Utility
  • Smart Contract: 0x090185f2135308bad17527004364ebcc2d37e5f6


What is TerraUSD (UST)?

TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain. It is a scalable, yield-bearing coin that is value-pegged to the US Dollar. TerraUSD was created to deliver value to the Terra community and offer a scalable solution for DeFi amid severe scalability problems faced by other stablecoin leaders like Dai. Thus, TerraUSD promises users a higher level of scalability, interest rate accuracy, and interchain usage.


TerraUSD provides several benefits that have made it a stand-out stablecoin competitor. Due to its minting mechanism, UST meets the requirements of DeFi protocols that it uses without losing scalability. 


Information about UST

  • Token Name: TerraUSD
  • Ticket: UST
  • Total Supply: 9,595,691,647 UST
  • Circulating Supply: 9.59B UST
  • Blockchain: Ethereum
  • Standard: ERC-20
  • Token Type: Utility
  • Smart Contract: 0xa47c8bf37f92aBed4A126BDA807A7b7498661acD


About Nami Corporation

Nami Corp. is a FinTech startup operating in the field of Investment and Technology based on Blockchain technology. Over the years, Nami has developed an ecosystem of key products and services to 

comprehensively support investors, optimize community benefits with the slogan “Change mindset, make giant steps”.


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