CryptoCurrencies
16961
Exchanges
500
Total Market Cap
3,447,446,832,277
Volume 24h
320,323,323,892
Dominance
BTC 59.38%   ETH 8.21%   USDT 4.34%   XRP 4.08%

Snowbank
SB

245.23
$
5.46 %
Change 24h
Market Cap
$ 39,169,723
Volume 24h
$ 231.79
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.