Snowbank
SB

217.24
$
1.43 %
Change 24h
Market Cap
$ 34,680,194
Volume 24h
$ 53.97
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.