Tribe PriceTRIBE

What is Tribe (TRIBE)?

Tribe (TRIBE) is the governance token for the FEI algorithmic stablecoin, a decentralized finance project built on the Ethereum blockchain. Fei aims to provide a new decentralized solution to the stablecoin market by addressing the structural weaknesses of existing stablecoins. The project identifies that existing stablecoins are either fiat-collateralized, and therefore centralized, or crypto-collateralized, making them capital-inefficient. Other algorithmic stablecoins suffer from no liquidity backing the peg, making them inherently unstable, or centralize rewards to seigniorage stakeholders. FEI proposes a model similar in design to fractional reserve central banking, where the protocol issues FEI for a subsidized price against ETH at its genesis event and subsequently uses the incurred Ether as a treasury to maintain the peg. TRIBE is the governance token of the Tribe DAO and is used for on-chain governance voting. The token has a total supply of 1,000,000,000 TRIBE. The project was listed on 2021-03-30 and is governed by its community through the Tribe DAO.

Key Specifications & Tokenomics

• Name: Tribe
• Ticker / Symbol: TRIBE
• Blockchain / Platform: Ethereum (ETH); also tagged as part of the Solana Ecosystem
• Contract Address: 0xc7283b66eb1eb5fb86327f08e1b5816b0720212b
• Category: DeFi, Governance
• Total Supply: 1,000,000,000 TRIBE
• Max Supply: 1,000,000,000 TRIBE (fixed; equal to total supply).
• Circulating Supply: 37.04M TRIBE (about 4% of total supply) per third-party trackers; CoinMarketCap self-reported figure is 463.42M TRIBE.
• Holders: approximately 13.36K addresses (per third-party trackers).
• Allocation: TRIBE was issued at genesis with a fixed total supply of 1,000,000,000 tokens; the token is used for Tribe DAO governance voting and can be swapped for FEI in a UniSwapV2 liquidity pool.
• Security: CertiK Skynet rating 2.1 (on a 0–5 scale, issued by CertiK); no audit report link is provided in the reference data.
• Official Website: https://fei.money/
• Whitepaper: https://fei.money/static/media/whitepaper.7d5e2986.pdf
• Official Announcements: https://medium.com/fei-protocol/introducing-fei-protocol-2db79bd7a82b
• Community: https://t.me/feiprotocol ; https://discord.gg/2prhYdQ5jP ; https://twitter.com/feiprotocol
• Explorers: etherscan.io

Who created Tribe?

Fei was founded by Joey Santoro (CEO of Fei Labs, previously a software engineer at Okta), Brianna Montgomery (business lead, previously at ConsenSys) and Sebastian Delgado (previously at Dharma Labs), and is governed by the Tribe DAO through smart contracts. Fei Labs is backed by several venture funds, including Andreessen Horowitz and Coinbase Ventures. FEI was launched in March 2021 by a team of Bay Area residents, and TRIBE began trading on 2021-03-30.

How does Tribe work?

FEI introduces the concept of product-controlled value (PCV). The protocol issues FEI for a subsidized price against ETH at its genesis event and subsequently uses the incurred Ether as a treasury to maintain the peg. This model is similar in design to fractional reserve central banking. TRIBE serves as the governance token of the Tribe DAO and is used for on-chain governance voting. The DAO governs the stablecoin through smart contracts, enabling community-driven decision-making. The project identified the capital inefficiency of crypto-collateralized stablecoins and the mercenary capital phenomenon as the main obstacles to designing a fully decentralized stablecoin. The former implies that more capital has to be deployed than can enter the system, which by design limits the growth potential of a system using crypto-backed stablecoins. Coins like DAI suffer from liquidity providers always being on the hunt for the best yield and, consequently, have a limited scope of autonomy.

What makes Tribe unique and valuable?

FEI's distinguishing design is product-controlled value (PCV): Ether raised at genesis is held as protocol treasury to defend the peg, which the project presents as an alternative to both fiat-collateralized and crypto-collateralized stablecoins.

What is Tribe used for?

TRIBE is the governance token of the Tribe DAO and is used for on-chain governance voting. It can be used in governance proposals, allowing holders to participate in decisions about the protocol's future. The token is integral to the decentralized governance structure of the Fei stablecoin, giving its community the ability to shape the project's direction through smart contracts. As a governance token, TRIBE represents voting power within the Tribe DAO, enabling holders to influence the management and evolution of the FEI stablecoin ecosystem. Beyond governance, TRIBE can be swapped for FEI in a UniSwapV2 liquidity pool.

How Is the Tribe ecosystem developing?

The Tribe ecosystem centers on the FEI stablecoin and the Tribe DAO that governs it; TRIBE holders vote on governance proposals, and TRIBE can be swapped for FEI in a UniSwapV2 liquidity pool.

How to mine Tribe?

TRIBE is an ERC-20 governance token on Ethereum with a fixed total supply of 1,000,000,000 tokens; it is not obtained through proof-of-work mining. Holders acquire TRIBE by trading on supported platforms or by participating in Tribe DAO governance and liquidity activities.

How to keep your Tribe Coin safe?

Keeping your TRIBE tokens safe involves standard cryptocurrency security practices. Since TRIBE is an Ethereum-based ERC-20 token, it can be stored in any wallet that supports ERC-20 tokens; always verify the contract address 0xc7283b66Eb1EB5FB86327f08e1B5816b0720212B before interacting. Users should ensure they use reputable wallets and follow best practices for private key management, such as using hardware wallets for significant holdings and never sharing private keys or seed phrases. Additionally, users should be cautious of phishing attempts and only interact with official websites and verified smart contracts. Staying informed about the project's official communications can also help protect your assets.

Like other crypto assets, TRIBE is subject to price volatility, and its value can fluctuate significantly. Regulatory policies in different jurisdictions may affect how the token can be used or accessed. Smart contract and technical risks also apply, and users should assess these factors before interacting with the protocol.