Snowbank
SB

502.10
$
21.25 %
Change 24h
Market Cap
$ 59,996,400
Volume 24h
$ 4,517,340
Circulating Supply
119,492
Total Supply
40,175
SB
$
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.