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.
Where is Snowbank available for purchase?
You can exchange SB tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Snowbank is LFJ, notably the SB/WAVAX pair, which saw a trading volume of $ 127.66 in the past day.
What is the highest value Snowbank (SB) has ever reached?
Snowbank (SB) reached its peak price at 8,356.8 $ on 08 November 2021, approximately 4 years ago ago. Presently, the current price is -97.18% lower than this all-time high.
What is the historical minimum price for Snowbank (SB)?
The minimum price reached for Snowbank (SB) was 138.86 $, documented on 23 January 2022, more than 4 years ago. In comparison, the current price is 69.67%, it above this historical low.
What is the fully diluted valuation of Snowbank (SB)?
The fully diluted valuation (FDV) of Snowbank (SB) stands at $ 37,22 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of SB tokens. The realization of this FDV might take several years depending on the emission schedule of SB tokens.