What is Saber (SBR)?
SBR is the native token of Saber, which is a decentralized crypto exchange based on Solana. The exchange focuses on providing liquidity to stablecoins. Since Saber is based on Solana, it features low-cost and almost instantaneous transactions.
Besides, users have the ability to place their cryptocurrencies in Saber liquidity pools, where they can earn passive income through token-based incentives, transaction fees, and automatic DeFi procedures.
If you care to see the current SBR price, make sure to check the Saber price chart above.
Use Cases of SBR Tokens
Saber coins are based on Solana's SPL token standard. They have two main use cases: governance and incentives.
Considering governance, in order to receive voting rights, users have to stake tokens. With their voting rights, they can participate in decision-making processes considering the further development of the Saber crypto project.
In terms of incentives, SBR tokens are used to reward Saber users for staking and maintaining liquidity on Saber's trading pairs.
Plan to buy SBR tokens? If you do, make sure to analyze the Saber price chart beforehand. Knowing the main trends in the SBR price changes will help you to make better buying decisions.
Who Founded Saber?
The Macalinao brothers, Dylan and Ian, are the heads of the team of blockchain engineers at Saber Labs, which is responsible for developing Saber.
Saber Labs has acquired funding from venture capitalists in the sum of $7.7 million. A total of ten investors contributed to the funding during a single funding round that took place before the end of July 2021.
Investors in the initiative include both private people and institutional venture capital groups. Race Capital, an investment company that specializes in early-stage entrepreneurs, is the primary venture capital investor in Saber.
