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.
Get up to $200 for getting started
Sign me up
Trading Insights
Searched
1
Market Stats
Market Cap
Not enough data
FDV
€8.79M
Circ. Supply
Not enough data
Max Supply
43K SB
Total Supply
Not enough data
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
Not enough data
-100%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
€3.04K
Price Change (1Y)
5.46%
Additional info about Snowbank
Recent trends
The latest SB price is €205.48. Compared to Snowbank's value of €197.37 from 24 hours ago, there's been a 4% increase, while the current price is 2% up from €200.84 which was recorded one week ago. Snowbank's all time high is €3,043.14, which was reached on November 17, 2021. This is a -93% change from its price today.
The fully diluted valuation of Snowbank is €8.79M. The diluted valuation of Snowbank is €8.79M.
Market details
SB vs markets
↘ 22.98%
SB vs BTC
↘ 35.21%
SB vs ETH
↗ 37.11%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Avalanche C-Chain | 0x7d1232B90D3F809A54eeaeeBC639C62dF8a8942f |
Price history
Time | Price | Change |
|---|---|---|
Today | €205.48 | ↗ 4.09% |
1 Day | €197.37 | ↗ 4.09% |
1 Week | €200.84 | ↗ 2.31% |
1 Month | €221.96 | ↘ 6.05% |
1 Year | €207.14 | ↗ 5.46% |
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 EUR currency in real-time. Get the live price of Snowbank on Coinbase.
The current market cap of Snowbank is €0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Snowbank is €3,043.14. 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 €0.00.
Assets that have a similar market cap to Snowbank include DYOR Token, FantOHM, Game Coin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Snowbank is 0.
Get up to $200 for getting started
Earn free crypto after making your first purchase.
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)
¥33,942.12
1 Snowbank (SB) to Indian Rupee (INR)
₹20,032.71
1 Snowbank (SB) to Real (BRL)
R$1,302.06
1 Snowbank (SB) to Nigerian Naira (NGN)
NGN 364,903.56
1 Snowbank (SB) to South Korean Won (KRW)
₩318,951.05
Related assets
Discover conversions
Popular cryptocurrencies
Comparable market cap
Discover more assets
Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.