Tribe[TRIBE]
TRIBE is a governance token of the Fei Protocol, a decentralized reserve currency protocol.
Fei Protocol is a decentralized stablecoin project developed by Fei Labs Inc., designed to enhance the efficiency and fairness of stablecoin systems. The protocol introduces innovative mechanisms like Protocol Controlled Value (PCV) to maintain the stability of its native stablecoin, FEI, ensuring its value stays close to the US dollar. In addition, the Fei Protocol features a governance token called TRIBE, enabling decentralized decision-making within the ecosystem.
FEI, an ERC20 token, operates differently from traditional stablecoins, aiming to create a liquid market where FEI/ETH trades closely mirror the ETH/USD pair. The supply of FEI is governed by smart contracts that control its minting and burning through bonding curves and trade incentives. The protocol initially targets a supply of 250 million FEI, at which point the token's price is expected to stabilize at $1. The stability of FEI is managed primarily through PCV and direct incentives, with plans to introduce additional bonding curves over time to further enhance the protocol's robustness.
FEI, an ERC20 token, operates differently from traditional stablecoins, aiming to create a liquid market where FEI/ETH trades closely mirror the ETH/USD pair. The supply of FEI is governed by smart contracts that control its minting and burning through bonding curves and trade incentives. The protocol initially targets a supply of 250 million FEI, at which point the token's price is expected to stabilize at $1. The stability of FEI is managed primarily through PCV and direct incentives, with plans to introduce additional bonding curves over time to further enhance the protocol's robustness.
GovernanceEthereum EcosystemStakingDApp
Current price
24h:14.53%Market cap
Trading volume 24h
Fully diluted market cap
All time high price
78.3%All time low price
268.9%Token supply
0 TRIBE (0%)
1B TRIBE (100%)
$0
$0.531
$0
$531.35M
455.02M TRIBE (45.5%)