Faith Tribe PriceFTRB

What is Faith Tribe (FTRB)?

Faith Tribe (FTRB) is a collaborative, open-source fashion design platform built to empower and reward independent creators within the web3 economy. It operates as a phygital marketplace of tools and services for fashion creators, giving designers, artists, and small creative businesses the ability to learn, create, collaborate, showcase, and market their talent. The project is owned by Faith Connexion, a globally recognized luxury streetwear brand with a 21-year history. By leveraging blockchain technology, Faith Tribe bridges NFTs, DAOs, and fashion, enabling creators to design and customize both digital and physical fashion assets while earning rewards for their contributions. FTRB is the native utility token of this ecosystem, providing access to an end-to-end experience that functions as a digital business-in-a-box for designers. The platform launched in February 2022 and is built on the Polygon blockchain, with a maximum supply of 5,000,000,000 FTRB tokens.

Key Specifications & Tokenomics

• Name: Faith Tribe
• Ticker / Symbol: FTRB
• Blockchain: Polygon
• Contract Address: 0xc3f56d567e7663e8932e65d85ae4be7eb5575ca7
• Launch Date: February 2022
• Category: Fashion, NFT, DAO, Creator Economy
• Max Supply: 5,000,000,000 FTRB
• Total Supply: 5,000,000,000 FTRB
• Initial Market Cap: $520,000
• Initial FDMC: $50,000,000
• Public Round Price: $0.01
• Public Round Total Raise: $500,000
• Public Round Valuation: $50,000,000

Who created Faith Tribe?

Faith Tribe is owned by Faith Connexion, a 21-year-old globally recognized luxury streetwear brand. The project's Co-founder is Wahid Chammas, who has publicly stated that the platform is revolutionizing the business of fashion by democratizing access to industry tools and opportunities. Alexandre Bertrand, a Fashion Designer, Stylist, and Head of Design at Faith Connexion, serves as an inaugural Faith Tribe Ambassador. Another inaugural ambassador is Winston. The Ambassadors program was announced on September 7, 2023, as the first team of leading voices for the project. The project also has a sister company referenced as @realfaithtribe, which is described as being built to create fashion differently, letting fashion start with demand.

How does Faith Tribe work?

Faith Tribe operates as a decentralized platform that enables fashion creators to design, customize, and monetize both digital and physical fashion assets. The platform combines NFTs, DAOs, and traditional fashion industry processes into a single ecosystem. Creators can collaborate, create, mint, fund, manufacture, distribute, and track design assets across both the digital and physical realms. The FTRB token serves as the economic engine of the platform, giving holders access to the full suite of tools and services. The platform is designed as an inclusive, incentive-aligned structure that brings together designers, artists, influencers, brands, developers, and buyers. Participants are rewarded for their contributions, enabling experimentation, remixing, and discovery in fashion. The whitepaper states the project's aim is to allow independent designers to break through and create or co-create their own digital fashion designs.

What makes Faith Tribe unique and valuable?

Faith Tribe distinguishes itself through its direct connection to an established luxury fashion brand, Faith Connexion, which brings real-world industry credibility and infrastructure to the web3 space. Unlike purely digital NFT projects, Faith Tribe focuses on phygital assets, meaning designs can exist and be monetized in both digital and physical forms. The platform functions as a digital business-in-a-box, providing independent designers with the technical and commercial foundation to run their own fashion businesses using blockchain-based technology. The project's open-source nature and its focus on rewarding creators for their contributions create an incentive-aligned ecosystem that fosters collaboration and innovation. By bridging NFTs, DAOs, and fashion, Faith Tribe addresses a unique intersection of the creator economy and decentralized technology. The project also benefits from a network of ambassadors and backers that include AscendEX, MV Global, Gains Associates, IBC Group, Shima Capital, Synapse Ventures, OIG Capital, Seed Thrift Ventures, and SL2 Capital.

What is Faith Tribe used for?

The FTRB token provides access to an end-to-end experience on the Faith Tribe platform. It functions as a digital business-in-a-box for designers, enabling them to collaborate, create, mint, fund, manufacture, distribute, and track design assets in both the digital and physical realms. FTRB can also be used for the purchase of clothing and for staking within the ecosystem. The token aligns the incentives of all participants, including designers, artists, influencers, brands, developers, and buyers, under a single economic structure. Holders can participate in the decentralized community and contribute to the creation, trading, distribution, and monetization of user-generated fashion designs. The token is integral to the platform's mission of empowering independent creators and enabling them to earn rewards for their designs.

How Is the Faith Tribe ecosystem developing?

The Faith Tribe ecosystem is developing through a combination of platform features, community initiatives, and strategic partnerships. The project launched in February 2022 with public sales on Red Kite and Synapse Network. In September 2023, Faith Tribe announced its inaugural Ambassadors program, bringing in leading voices such as Alexandre Bertrand and Winston to represent and promote the platform. The ecosystem includes a phygital marketplace of tools and services for fashion creators, enabling the design, customization, and monetization of digital and physical fashion assets. The project has attracted backing from nine investors and continues to build out its creator ecosystem. The platform's development is focused on creating an inclusive and open environment for the successful creation, trading, distribution, and monetization of user-generated fashion designs. Faith Tribe also maintains a presence across social platforms including LinkedIn, Instagram, and Twitter/X through its sister company @realfaithtribe.

How to mine Faith Tribe?

Faith Tribe (FTRB) is not a mineable cryptocurrency. It is a token built on the Polygon blockchain, which uses a proof-of-stake consensus mechanism. There is no mining process for FTRB. Instead, token holders can participate in staking, which allows them to earn rewards by locking up their FTRB tokens in support of the network and platform. Staking is one of the primary utilities of the FTRB token, alongside purchasing clothing and accessing the platform's design and business tools. The token distribution includes allocations for pre-seed, seed, and public rounds, as well as team, marketing, development, and partnerships. Token unlocks for the team have been scheduled on a monthly basis, with 2.08% of team tokens vesting each month following an initial TGE unlock.

How to keep your Faith Tribe Coin safe?

Keeping your FTRB tokens safe requires following standard cryptocurrency security practices. Since FTRB is a Polygon-based token, it can be stored in compatible wallets that support the Polygon network. Users should always verify the official contract address before interacting with any token or platform to avoid phishing scams. It is advisable to use hardware wallets for long-term storage of significant holdings, as they provide an additional layer of security by keeping private keys offline. Never share your private keys or seed phrases with anyone, and be cautious of unsolicited messages or offers related to FTRB. When using decentralized applications or staking platforms, ensure they are officially associated with Faith Tribe. Regularly update your wallet software and use strong, unique passwords. Before purchasing FTRB, research the available trading venues and ensure you are using reputable platforms. Always double-check transaction details before confirming any transfer or smart contract interaction.