CryptoCurrencies
18539
Exchanges
500
Total Market Cap
4,105,668,936,052
Volume 24h
247,095,039,957
Dominance
BTC 53.85%   ETH 12.73%   XRP 4.11%   USDT 4.09%

Snowbank
SB

229.46
$
1.93 %
Change 24h
Market Cap
$ 36,630,754
Volume 24h
$ 96.25
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.