Snowtomb wallet

What is Snowtomb (STOMB)?

STOMB belongs to the family of algorithmic peg tokens on Avalanche that aim to trade at a fixed fraction of the chain's own coin, in this case 0.1 AVAX. It is not backed by a reserve of AVAX. The peg is supposed to hold through supply mechanics instead: when the token trades above target the protocol expands supply, and when it trades below, expansion stops and debt instruments are used to pull supply back. Protocols of this design are built around a trio of tokens, the peg token itself, a share token and a bond, and each plays a different role in that cycle.

What this means for someone holding STOMB is that the token's supply is a moving quantity by design, and the peg is a target rather than a guarantee. Forks of this model are numerous and many share near-identical names and tickers across different chains, so identify what you hold by its contract on Avalanche's C-Chain, not by the name on a listing page.

Supported networks in Tangem (1): Avalanche.

Tangem keeps a separate balance per network and states which network an outgoing transfer will use, so you can read that line before the card signs anything. Since an address on Avalanche C-Chain looks identical to one on any other EVM chain, that check is yours to make, and having it spelled out in front of you is a reasonable thing to want from a wallet holding a token whose name has a dozen cousins elsewhere.