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 werken onze Snowbank naar EUR valuta in realtime bij. Ontvang de actuele prijs van Snowbank op Coinbase.

De huidige marktkapitalisatie van Snowbank is € 0,00. Een hoge marktkapitalisatie houdt in dat het activum zeer gewaardeerd wordt door de markt.

Het hoogste punt ooit van Snowbank is € 3.000,75. Dit hoogste punt ooit is de hoogste prijs die is betaald voor Snowbank sinds de lancering.

In de afgelopen 24 uur was het handelsvolume van Snowbank € 0,00.

Activa die een vergelijkbare marktkapitalisatie hebben als Snowbank , zijn onder meer DYOR Token, AlgoGems, MetaVPad en vele anderen. Voor een volledige lijst, zie onze vergelijkbare marktkapitalisatie-activa.

Het huidige circulerende aanbod van Snowbank is 160 duizend.