MAGIC•INTERNET•MONEY (Bitcoin)
MIM
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MIM (MAGIC•INTERNET•MONEY) is a Bitcoin Runes-based meme token etched at Bitcoin block 840,000. It faces significant structural limitations, with negligible active development (1.5/10), lack of identifiable team or governance structure (1.5/10), and speculative utility with thin liquidity despite a fully circulating supply (2.5/10). In the Market and Use Case evaluation (2.5/10), the token shows minimal real-world adoption and faces severe ticker confusion. The Security and Audit History section (4.5/10) notes that while the token inherits Bitcoin layer-1 security and has suffered no direct exploits, it lacks formal audits or dedicated security practices. Note that multiple historical exploits associated with Abracadabra.money's MIM stablecoin were verified as belonging to an entirely separate asset and did not impact this Rune. Community Support could not be evaluated (-1.0) due to severe search result collisions with the Abracadabra stablecoin, and its weight was redistributed across the remaining sections.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About MAGIC•INTERNET•MONEY (Bitcoin) (MIM)
MAGIC•INTERNET•MONEY (MIM) is a memetic token created on the Bitcoin network using the Runes protocol. Etched at Bitcoin block 840,000 during the April 2024 halving under Rune ID 840000:45, the token also has a bridged representation on Solana. It has a circulating supply of 21 billion tokens, representing its total supply. The token is entirely distinct from the identically named MIM stablecoin issued by the decentralized finance platform Abracadabra.money.
While marketed for digital payments and microtransactions within the Bitcoin ecosystem, the token exhibits no documented adoption, dApp integrations, or dedicated protocol development. Because it operates as an etched asset on Bitcoin's base layer, MIM relies on Bitcoin's underlying proof-of-work consensus mechanism rather than custom smart contracts, and it lacks formal security audits, an active developer roadmap, or an identifiable founding team and governance framework.
MIM has experienced significant market volatility, trading roughly 96% below its all-time high alongside thin liquidity and low trading activity. The project also faces ongoing ticker collision and brand confusion with unrelated assets sharing the MIM symbol, particularly the Abracadabra.money stablecoin.