Snowbank
SB

706.45
$
7.97 %
Change 24h
Market Cap
$ 72,896,800
Volume 24h
$ 10,012,000
Circulating Supply
103,187
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.
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