Snowbank
SB

218.67
$
0.90 %
Change 24h
Market Cap
$ 34,872,783
Volume 24h
$ 9370.8
Circulating Supply
159,640
Total Supply
116,023
SB
$
# Exchange Pair Price Volume 24h

Description

Snowbank DAO is the decentralized reserve currency protocol available on the Avalanche Network based on the SB token. Each SB token is backed by a basket of assets (e.g., MIM, SB-AVAX LP Tokens etc etc) in the Snowbank DAO treasury, giving it an intrinsic value that it cannot fall below. Snowbank DAO also introduces economic and game-theoretic dynamics into the market through staking and minting.