SnowbankSB
Convert SB to your currency
Last Updated on Sep 30, 2025 07:35 PM
What is Snowbank?
About the coin
Snowbank DAO is a decentralized reserve currency protocol available on the Avalanche Network. It is based on the SB token, which is backed by a basket of assets such as MIM and SB-AVAX LP Tokens in the Snowbank DAO treasury. This backing provides the SB token with an intrinsic value that it cannot fall below, ensuring stability and trust among its users.
Main features
The main feature of Snowbank DAO is its ability to maintain a stable value for the SB token through its treasury-backed model. By holding a diverse range of assets, the protocol ensures that the value of the SB token remains above a certain threshold. This is achieved through a combination of staking and minting mechanisms, which introduce economic and game-theoretic dynamics into the market.
How it works
Snowbank DAO operates by backing each SB token with a basket of assets held in its treasury. This backing provides the token with an intrinsic value, ensuring that it cannot fall below a certain price. The protocol also employs staking and minting mechanisms to maintain stability and encourage participation. Staking allows users to earn rewards by locking their tokens, while minting enables the creation of new tokens based on the assets held in the treasury. These mechanisms work together to create a stable and reliable reserve currency on the Avalanche Network.
Wallet for Snowbank
Experience the future of Crypto Wallets with Tangem
Tangem supports networks for Snowbank
- Avalanche
Metrics
Price performance
Another
Links
Official links
Social
Snowbank FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- Zigcoin, also known as ZIG, isthe native token of Zignaly, a social platform for digital assets that aims to connect users with experienced portfolio managers.
- An electronic money token (EMT) isa cryptographic token used for exchange and is pegged to a single fiat currency.
- About SnowbankSnowbank 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.
How to secure Snowbank with Tangem Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get Tangem
Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why choose Snowbank wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
Stay connected.
Don’t miss out on our progress and latest updates. Have an impact — join our community today!
