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Snowbank SB Price $ 247.39
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DeFi
SB Price
General Info
Contracts/Explorers:
Avalanche C-Chain
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Description
Snowbank is a decentralized reserve currency that remains unbound by a peg
Snowbank (SB) Chart
SB to USD Converter
SBSB Price Statistics
What is Snowbank (SB)?
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.
Snowbank Price Today
Snowbank's current price is $ 247.39, it has increased +0.32% over the past 24 hours.
Snowbank's All Time High (ATH) of $ 5,434 was reached on 10 Nov 2021, and is currently -95.4% down.
The current circulating supply of Snowbank is 159.64 Thousands tokens, and the maximum supply of Snowbank is 159.64 Thousands.
Snowbank’s 24 hour trading volume is $ 88.32.
Snowbank's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 39.49 Million.
You can find more details about Snowbank on its official website and on the block explorer.
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