Snowbank
SB

17,207
1.62 %
Change 24h
Market Cap
₹ 2,717,734,391
Volume 24h
₹ 194,402
Circulating Supply
159640
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.