GEMINIO! 0xMerlin’s First Successful Summoning

Merlin opened his spell book and produced some magic today with his first summoning of SPELL tokens for the ambitious young apprentice mages.

Searching through his spell book he came upon a long lost conjuring spell that allowed him to open a portal to the plane of magic and out flew the tokens.

His apprentice mages were quick to join in the ritual and supply their components in the form of SPELL-ETH SLPs.

The magic of SPELL is flowing.

New to the school of Wizardry? Let us catch you up with a spell of knowledge transfer.

SPELL is the governance token of Abracadabra Money and will grant holders voting rights on which pages are accessible in the spell book. It also grants wizards a claim on fee accrued by the protocol. First, you will need to stake them for sSPELL, but this magic is still locked in the spell book and yet to be released.

The ritual went off without any major hiccups. No demons were summoned.
Although the flow of SPELL tokens is steady and smooth they are not infinite and eventually, 0xMerlin will need to close the portal.

Here are a few stats.

• This portal will only produce 26 460 000 000 SPELL tokens for the next 365 days, resulting in about 507 452 054 per week. Remember this tokens will be shared with all mages participating in the ritual proportional to their spell components (SLPs)
• Another 105 840 000 000 have been set aside for a future ritual spell that will require the MIM-3CRV spell component. More on this to come.

If you have had your nose stuck in a book, as a good mage should, you may have missed this important news. Where 0xMerlin announces that the balance of the plane of magic required the burning of half the supply of SPELL tokens in order to ensure the summoning ritual went off smoothly.

This is all for our first lesson on conjuration.

⭐👩‍🎓Star pupils wishing to learn more can visit the following pages of the spell book.

📃 New to spell casting? The community member 0xWicked walks you through the rituals here

📺 Ceazor gives you a quicker video version of the ritual for those that don’t need much guidance here

🎩Get your wizard uniform here.