Snowbank Market Cap
24h Trade Volume
All-Time-High (ATH) Price
Snowbank's current price is $ 829, it has increased +4.25% over the past 24 hours.
Snowbank's All Time High (ATH) of $ 5,435 was reached on 10 Nov 2021, and is currently -84.8% down.
The maximum supply of Snowbank that will ever be issued is 104.50 Thousands tokens, and the current supply of SB in circulation is 104.50 Thousands tokens.
Snowbank’s 24 hour trading volume is $ 4.94 Millions.
Snowbank's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 86.58 Millions.
Snowbank price Index provides the latest SB price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
The Snowbank to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
SB to USD Converter
Snowbank Quarterly Returns ($)
Snowbank Closing Price (USD) - Quarterly
Snowbank Monthly Returns ($)
Snowbank USD (SB - USD) Price Change
|24H||$ 33.79||+4.25%||$ 832||$ 687|
|7D||-$ 2,494||-75.1%||$ 3,487||$ 611|
|14D||-$ 1,946||-70.1%||$ 4,443||$ 611|
Snowbank Annual Price
|2021||-79.2%||$ 5,434||$ 611|
What is Snowbank
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) 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. Snowbank DAO is a fork of Olympus on the Avalanche Network.
There are two main strategies for market participants: staking and minting. Stakers stake their SB tokens in return for more SB tokens, while minters provide LP tokens or MIM tokens in exchange for discounted SB tokens after a fixed vesting period.