SPELL Risk

Spell (SPELL)
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DESCRIPTION

SPELL is the native utility token of the Abracadabra Money platform, a decentralised finance (DeFi) protocol that allows users to borrow stablecoins using interest-bearing crypto assets as collateral. Abracadabra Money is part of the wider DeFi ecosystem, enabling users to generate leveraged positions through its lending and borrowing services. The SPELL token plays a key role within this ecosystem, providing holders with various benefits such as participation in governance, staking rewards, and fee reductions on the platform. Additionally, SPELL is used as a reward token for liquidity providers, incentivizing the contribution of assets to the platform's liquidity pools. As a governance token, SPELL allows its holders to vote on key protocol changes, including fee structures, collateral types, and other critical parameters, ensuring that the community has a say in the platform's ongoing development.

Spell Token (SPELL) Whitepaper: https://abracadabra.money/

‍RISKS OF SPELL TOKEN
Investing in cryptocurrency and digital assets, such as Spell Token (SPELL), carries inherent risks, including but not limited to:
(i) Volatility risk and liquidity risk
(ii) Regulatory risk
(iii) Security risk
(iv) Market risk
(v) Smart contract risk
(vi) Governance risk
(vii) Technological riskFor additional information on risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc. Services Risk Statement. Please note that these risks and the associated summaries or overviews provided herein are not intended to be a complete overview of all such risks, and there may be other risks associated with exposure to SPELL. We encourage all users to perform their own due diligence to assess the risks associated with SPELL and to determine whether this level of risk is acceptable to them. Neither SPELL nor Satstreet guarantees the value of SPELL, and holders of SPELL will not have any recourse to SPELL or Satstreet if the value of SPELL declines for any reason whatsoever.

‍SATSTREET EVALUATION OF SPELL
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Satstreet Inc. has evaluated and assessed Spell Token prior to offering it through our services. As of the evaluation date, Spell Token is not considered a security or derivative under applicable regulations. However, regulatory classifications may change in the future, which could affect its availability on our platform. No regulatory authority has expressed a formal opinion on Spell Token. Our evaluation includes an analysis of various factors such as its creation, governance, utility, liquidity, technical aspects, and legal/regulatory risks. We recommend users to review this information and exercise caution when investing in Spell Token.
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Last Updated: August 2024

Risk Statements

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