About 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 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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Trading Insights
Searched
1
Market Stats
Market Cap
CA$48.19M
-1.81%
FDV
CA$12.84M
Circ. Supply
160K SB
Max Supply
43K SB
Total Supply
160K SB
Diluted Valuation
CA$48.03M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
CA$293.43
166.92%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
CA$4.70K
Price Change (1Y)
-2.21%
Additional info about Snowbank
Recent trends
The latest SB price is CA$301.42. Compared to Snowbank's value of CA$307.45 from 24 hours ago, there's been a -2% decrease, while the current price is -4% down from CA$319.03 which was recorded one week ago. Snowbank's all time high is CA$4,703.91, which was reached on November 17, 2021. This is a -94% change from its price today.
The current circulating supply of Snowbank is 159,640. This is 375% of its max supply of 42,530 SB and 100% of its total supply of 159,640. The market cap is currently CA$48.19M, which is a result of multiplying the current price of Snowbank(CA$301.42) by the total supply(159,640 SB). The fully diluted valuation of Snowbank is CA$12.84M. The diluted valuation of Snowbank is CA$12.84M.
Market details
SB vs markets
↘ 28.79%
SB vs BTC
↘ 39.78%
SB vs ETH
↗ 33.51%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Avalanche C-Chain | 0x7d1232B90D3F809A54eeaeeBC639C62dF8a8942f |
Price history
Time | Price | Change |
|---|---|---|
Today | CA$301.42 | ↘ 2.02% |
1 Day | CA$307.45 | ↘ 2.02% |
1 Week | CA$319.03 | ↘ 4.46% |
1 Month | CA$311.63 | ↘ 0.38% |
1 Year | CA$311.72 | ↘ 2.21% |
FAQ
Snowbank (SB) is the decentralized reserve currency protocol powered by the Avalanche Network based on the SB token. A basket of assets aims to support every SB token in the Snowbank DAO treasury, giving it an intrinsic value that it cannot fall below. Snowbank DAO is a fork of Olympuson the Avalanche Network. The platform also aims to introduce economic and game-theoretic dynamics into the market through staking and minting. According to its whitepaper, Snowbank DAO seeks to present economic and game-theoretic dynamics into the market via minting and staking.
The Snowbank platform aims to create a policy-regulated currency system native to the Avalanche Network in which the behavior of the SB token is controlled at a high level by the DAO. The platform can be utilized to optimize for stability and consistency so that SB can function as a global unit-of-account and medium-of-exchange currency. The platform seeks to optimize the system for growth and wealth creation in the short term. The network aims to achieve price flatness for a representative basket of goods without traditional currency to allow the cryptocurrency industry to detach from the conventional finance world.
Further, the protocol is building a community-owned decentralized financial infrastructure to seek to bring more stability and transparency to the world. By seeking to render less risk and liquidity-providing for everyone, Snowbank aims to create new manners for decentralized finance (DeFi) users and be a potent tool to generate liquidity for protocols.
Furthermore, the two main methods to participate in the market are staking and minting. Minting refers to validating and recording information into the blockchain. Stakers stake their SB tokens in recovery for more SB tokens, whereas minters deliver LP tokens in exchange for discounted SB tokens.
Dave Rosso is the founder of Snowbank DAO.
We update our Snowbank to CAD currency in real-time. Get the live price of Snowbank on Coinbase.
The current market cap of Snowbank is CA$48.19M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Snowbank is CA$4,703.91. This all-time high is highest price paid for Snowbank since it was launched.
Over the last 24 hours, the trading volume of Snowbank is CA$293.43.
Assets that have a similar market cap to Snowbank include Autonomous Secure Dollar, First Entrance Coin, ELIS, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Snowbank is 160 thousand.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Snowbank calculator
1 Snowbank (SB) to Japanese Yen (JPY)
¥32,169.57
1 Snowbank (SB) to Indian Rupee (INR)
₹19,176.46
1 Snowbank (SB) to Real (BRL)
R$1,220.70
1 Snowbank (SB) to Nigerian Naira (NGN)
NGN 343,389.72
1 Snowbank (SB) to South Korean Won (KRW)
₩303,450.56
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