CryptoCurrencies
17040
Exchanges
500
Total Market Cap
3,424,037,483,042
Volume 24h
225,897,018,362
Dominance
BTC 60.20%   ETH 8.86%   USDT 4.47%   XRP 3.62%

Snowbank
SB

220.74
$
1.44 %
Change 24h
Market Cap
$ 35,227,969
Volume 24h
$ 285.40
Circulating Supply
159,640
Total Supply
159,640
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.