Tribe (TRIBE)

0.03 %

Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

28277717>
Fully Diluted Valuation

The market cap if the max supply was in circulation.

Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

258141553>T
Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

455,015,531.00
Total Supply

The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.

1,000,000,000.00
Max Supply

The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.

1,000,000,000.00
Low High
Contract
Website
Explorers
Social Media
Tags
Week Month Year All Time
High

Jan 19 2023

0.251198235113
2.87%

Jan 19 2023

0.251198235113
2.87%

Feb 08 2022

0.734881275927
-64.84%

Apr 04 2021

-89.47%
Low

Jan 19 2023

0.251198235113
2.87%

Jan 08 2023

0.207071381428
24.79%

Aug 19 2022

0.145202887352
77.96%

Aug 19 2022

79.05%

Market

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score

Historical Data

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Tribe
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Coin Info

The FEI algorithmic stablecoin is run with the help of a token called "Tribe." Fei wants to give the stablecoin market a new, decentralised way to handle things. Existing stablecoins are either backed by fiat currency, which makes them centralised, or by crypto currency, which makes them wasteful of capital. Other algorithmic stablecoins don't have enough liquidity to back up the peg, which makes them inherently unstable, or they give most of the rewards to a small group of people who hold seigniorage stakes. FEI proposes a model that looks a lot like fractional reserve central banking. At the genesis event, the protocol gives out FEI at a discounted price in exchange for ETH and then uses the Ether that was paid out as a reserve to keep the peg. TRIBE is the governance token of the DAO that controls the governance of FEI. It can be used in governance proposals or traded for FEI in a UniSwapV2 liquidity pool.

Tribe is run as a DAO, which means that its community runs it through smart contracts in a completely decentralised way. The DAO is in charge of the Fei stablecoin, which was started by three Bay Area residents: Joey Santoro, Brianna Montgomery, and Sebastian Delgado. It was first used in March 2021.

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