Snowbank
SB#600 by market capNot covered. The criterion it missed: homepage could not be fetched (<urlopen error [SSL: TLSV1_ALERT_INTERNAL_ERROR] tlsv1 alert internal error (_ssl.c:1081)>).
Snowbank is for crypto-backed tokens. We have not written its record yet, so its promises are not checked. It trades at $230.35, #563 of all coins by size, 97% below its highest ever price.
This week Nothing changed on its record.
A real job. No dated promises on its pages. Nothing dated ahead. #4 of 11 crypto-backed tokens. Nothing to be careful of on the record.
Is it real?
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2 of 4
- ✓A real-world jobReal-world purpose: crypto-backed tokens
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $36.77M, 8 times smaller than Olympus, the biggest coin within reach doing the same thing (Crypto-Backed Tokens)
No named backer
- Origin7 November 2021about about 4 yearssnowbank.finance
- DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
- BackingNo named investorNot on a big exchange we track
- Standing on the recordNo recordNo dated promise to judge yet0 headlines last monthNo corrections needed so far
It is already worth more than the typical coin in Crypto-Backed Tokens ($9.95M). To match the leader, Olympus ($301.38M), its price would need to rise 720%, to about $1,888.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Listed on fewer than two big exchanges
- No named investor among its tags
- Only 0 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Crypto-backed tokens
11 coins tagged Crypto-Backed Tokens, worth $508.45M together. #4 of 11 by worth.
Crypto-Backed Tokens: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Snowbank$36.77Mthis coin+1.9%no maxno record
Olympus$301.38M8.2× bigger, +$264.61M−0.5%, gap −2.4no maxnone dated
TempleDAO$62.25M1.7× bigger, +$25.48Mno maxno record
eBTC$44.51M1.2× bigger, +$7.74Mno maxno record
Nirvana ANA$31.39M1.2× smaller, −$5.38Mno maxno record
DEFI.ssi$12.18M3.0× smaller, −$24.59M−0.7%, gap −2.5no maxno record
Wrapped Hypertensor$7.71M4.8× smaller, −$29.06Mno maxno record
Wrapped AyeAyeCoin$3.84M9.6× smaller, −$32.94M100% outno record
Crypto-Backed Tokens: this coin next to Olympus, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Snowbank says
- Snowbank DAO is the decentralized reserve currency protocol available on the Avalanche Network based on the SB token.
- Olympus says
- Olympus is a decentralized finance project on Ethereum that runs OHM, a token backed by a shared treasury.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
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.
Problem it says it solves: crypto-backed tokens. 11 coins are working on it and together they are worth $508,447,868. This coin is 7% of that.
Where it trades: LFJ
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Crypto-Backed Tokens: this coin next to the group's largest, Olympus.
| Snowbank | Olympus | |
|---|---|---|
| Years trading | 5 years | 6 years |
| Major exchanges | 0 | 0 |
| Named backers | 0 | 0 |
| Headlines, last month | 0 | 0 |
| Promises delivered | no record | no record |
What it says is different: 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…
It is 12.2% the size of Olympus, and the facts above do not show why. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $8,357 on 7 November 2021. Today is 3% of that.
100%
of all SB that will ever exist is already out in public hands: 159.64K coins.
Nothing is held back. Every coin is already out.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 159.64Kin circulation of 159.64K total. No hard maximum is set, so more can be created.
- 999999991.2×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $8,357 on 7 November 2021. That is −97.2% from the top.
- #563by market cap, $36,772,360.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Nothing in the news this month.
Nothing matched in the last month from the sources we read. CoinDesk, Cointelegraph, Decrypt, The Block, plus Google News searches for coins with a record and the top 100.
The record itself
Not covered. The criterion it missed: homepage could not be fetched (<urlopen error [SSL: TLSV1_ALERT_INTERNAL_ERROR] tlsv1 alert internal error (_ssl.c:1081)>).
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy