# SNOWBALL AVA DEX Yield Farming A community-driven decentralized exchange and Yield Farming platform for Avalanche and Ethereum assets with fast settlement, low transaction fees, and a democratic distribution–powered by Avalanche. **SNOWBALL** brings you the best DeFi Yield Farming opportunities and help you maximize your yield. # Introducing SNOWBALL and the SNB Token SNOWBALL is a decentralized exchange (DEX) which runs on Avalanche, uses the same automated market-making (AMM) model as Uniswap, Sushiswap or more recently, PancakeSwap features (on Binance Smart Chain) ```For those who are unfamiliar with AMM's, it allow people to trade their digital assets against liquidity pools. This is different from traditional markets that use an order book to match buyers and sellers. On AMM's users can provide their funds once deposited, they become liquidity providers (LP) and get rewarded by the DEX token (SNB) and shared fees/revenues on trades.``` Introducing SNB, a native governance token that is community distributed and is capable of trading all tokens issued on Ethereum and Avalanche. SNOWBALL offers three critically important benefits: * fast and cheap trades, * community-driven development, * and a fair and open token distribution. First, SNOWBALL is built on Avalanche so it can finalize trades quickly and cheaply. Users can swap assets with very low transaction fees compared to Ethereum (few cents). Oftentimes, trades on SNOWBALL will feel as fast as trades on centralized exchanges. Second, beyond the significant performance upgrades to the technical status quo, SNOWBALL is community-driven. The native governance token, SNB, leveraing Snapshot DAO governance platform, enables the community to drive the development of the product in full. Third, but not least, SNOWBALL features a 100% community-focused token distribution model, meaning that all tokens are distributed directly to the community. Users vote for the allocation parameters in the governance process. Users of existing AMMs, such as Uniswap and Sushiswap, are already familiar with their mechanism of action. Therefore, the rest of this post does not discuss how SNOWBALL achieves its trading capabilities. Instead, we discuss the SNB token in more detail, including its distribution mechanism and governance rules. # SNB Distribution: A 100% Community-Driven Governance Token To reinforce the project’s commitment to being created solely for the benefit of users, SNOWBALL is following a fair launch model with its governance token (SNB). However, while SNB will enable all the governance activities of SNOWBALL, and therefore its future development, governance proposals will not start until three months after the launch of SNOWBALL. This waiting period of three months is to ensure that enough SNB is distributed to the community. # SNOWBALL Services ## Swap ## Farms ## Pools # SNOWBALL Investment Fund ## BTCST Blabla