Tribe (TRIBE) Price
$0.61509 0.77%
Latest Updates
Updated at 10:10Market cap
$0
Market rank
#4300
Volume 24H
$73,685.15 1.25%
Price change 24h
-$0.00472 0.77%
Price change 7d
-$0.01597 2.60%
What about Tribe?
TRIBE is the governance token for the Fei Protocol, a decentralized stablecoin protocol that aims to provide an alternative solution to fiat and crypto-backed stablecoins. The Fei Protocol uses algorithmic allocation of assets to earn yield and provide liquidity through protocol-controlled value (PCV), which represents all assets that are not redeemable by users.
The project claims to be entirely decentralized as it only holds non-centralized crypto assets. TRIBE holders can vote on all areas of the running of the Protocol, including adjusting scale target, allocation rules, and incentive time-weight growth rate. The TRIBE coin was founded by a team of entrepreneurs in San Francisco, including Joey Santoro, Brianna Montgomery, and Sebastian Delgado.
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