Snowtomb is an incentive-oriented algorithmic stablecoin protocol.
Snowtomb is an incentive-oriented algorithmic stablecoin protocol.
STOMB token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain STOMB's peg to 0.1 Avalanche (AVAX) token in the long run.
The SSTOMB algorithmic token serves as the backbone of 4 rapidly growing ecosystem aimed
towards bringing liquidity and new use cases to the Avalanche network.
The protocol's underlying mechanism dynamically adjusts $STOMB's supply, pushing its price up or)
down relative to the price of $AVAX.
inspired by the original idea behind Basip as well as its predecessors (bDollar and soup),
Snowtomb is a multi-token protocol which consists of the following three tokens:
-Snowtomb ($STOMB).
-Snowtomb Lots ($SLOT)
-Snowtomb Bonds ($SBOND).