Snowball has risen to become one of the most prominent DeFi projects on Avalanche since its inception in March. It continues to create and develop novel goods, while also establishing new DeFi-related DAOs.
About Snowball
Snowball is a blockchain-based Decentralized Finance (DeFi) platform based on the Avalanche blockchain. It was the network’s first auto-compounder and stable-asset exchange when it opened in early March 2021.
What is Snowball [SNOB]?
Snowball is an Avalanche decentralised system that provides a range of goods. On Pangolin, we offer auto-compounding services for liquidity pools and function as an automated market maker (AMM) for stable assets. Our objective is to become one of the most prominent DeFi projects on Avalanche by providing a diverse range of competitive and innovative products.
The Snowball protocol’s governance token is SNOB. To vote on proposals, it may be used in combination with Snowball Governance. Tokens are created as incentive prizes for engaging in Snowball through mining.
By supplying liquidity on the Snowball platform and then staking that liquidity, SNOB may be obtained. SNOB may also be acquired via numerous exchanges such as Pangolin.
Who Are the Founders of Snowball [SNOB]?
Snowball was created by AbominableSas, big wampa, and 8 bitgiraffe. Snowball, on the other hand, swiftly evolved into a community-driven effort. Anyone who wants to see Snowball thrive may help it grow and improve by donating their time and energy to the project and being reimbursed for it.
8-Bit Giraffe, one of Snowball’s three co-founders, is an American giraffe with a bachelor’s degree in marketing and a minor in psychology. As a true believer in the sector, they left their previous employment to co-found Snowball with the other co-founders, adding their business and marketing expertise to make that happen.
What Makes Snowball Unique?
On top of your rewards, Snowball charges a 10% productivity fee on pool reward revenues for delivering the auto-compounding service. These payments cover the gas expenses of auto-compounding as well as financing future Snowball development.
You can use SNOB to offer liquidity on Snowball’s numerous pools, or you can stake your SNOB to obtain xSNOB, which can be used for voting on community initiatives and gauge distributions, as well as pool incentive increasing and earning a part of protocol income.
Where Can You Buy Snowball [SNOB]?
If you’re looking for a place to purchase SNOB, the best cryptocurrency exchanges to use right now is Pangolin.
Frequently Asked Questions
Can I Buy Snowball [SNOB] With Cash?
No. There is no direct method to purchase SNOB using cash. You can, however, utilise markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy Snowball [SNOB] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the Snowball [SNOB] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact SNOB price and market cap.
Snowball Official website – https://snowball.network/
Snowball Medium – https://medium.com/snowball-finance
Snowball Twitter – https://twitter.com/snowballdefi