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Tribe
TRIBE

$0.56
Market Cap
+9.99% $308,351,869
Fully diluted market cap
$568,143,843
Circulating supply
542,735,564 TRIBE
Total supply
542,735,564 TRIBE
Max. supply
-
Volume 24h
-36.79% $95,662
Volume/Market cap (24h)
+0.03%

Official Links

Ratings

Average ratings from the community
4.4
100 Ratings
Average ratings from the community
This content is for informational purposes only

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Tribe
TRIBE

$0.56
1D
7D
1M
3M
1Y
ALL
Market Cap
+9.99% $308,351,869
Fully diluted market cap
$568,143,843
Circulating supply
542,735,564 TRIBE
Total supply
542,735,564 TRIBE
Max. supply
-
Volume 24h
-36.79% $95,662
Volume/Market cap (24h)
+0.03%

TRIBE Price Calculator

TRIBE
USD
1 TRIBE equals $0.56 United States Dollar
Last updated 2024/11/13 08:00:14 (UTC)

Official Links

Ratings

Average ratings from the community
4.4
100 Ratings
Average ratings from the community
This content is for informational purposes only

TRIBE Market

TRIBE Market Stats

24h Low & High
Lowest Price
$0.51
Highest Price
$0.56
All Time High
$2.49
Price Change(1h)
+0.06%
Price Change(24h)
+9.14%
Price Change(7d)
+40.10%

TRIBE Price Live Data

The live price of Tribe is $0.56 per (TRIBE/USD) today with 24-hour trading volume is $95.66K USD. TRIBE to USD price is updated in real-time. Tribe is +9.14% in the last 24 hours.

TRIBE Price Performance

24DAYS
$0.043
+8.39%
30DAYS
$0.13
+32.75%
90DAYS
$0.093
+20.06%
1YEAR
$0.26
+92.77%

About Tribe (TRIBE)



Tribe is the governance token for the FEI algorithmic stablecoin. Fei aims to provide a new decentralized solution to the stablecoin market. 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 DAO controlling the governance of FEI and can be used in governance proposals or swapped for FEI in a UniSwapV2 liquidity pool.


## Who Are the Founders of Tribe?

Tribe is run as a DAO, meaning its governed by its community in a fully decentralized manner through smart contracts. The Fei stablecoin governed by the DAO was founded by a team of Bay Area residents, namely Joey Santoro, Brianna Montgomery, and Sebastian Delgado and launched in March 2021. Santoro is the CEO of Fei Labs and was a software engineer at Okta Inc with a degree in computer science from Duke University. Montgomery, the project’s business lead, worked at ConsenSys, a blockchain studio, prior to being involved with Fei Labs. Delgado served more than two years at Dharma Labs, a DeFi project and graduated from UC Berkeley. Fei Labs is backed by several VC funds, such as Andreessen Horowitz and Coinbase Ventures.


## What Makes Tribe Unique?

Fei identified the capital inefficiency of crypto-collateralized stablecoins and the “mercenary capital” phenomenon as the main obstacle 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. Furthermore, coins like DAI suffer from liquidity providers always being on the hunt for the best yield and, consequently, have a limited scope of autonomy.

FEI introduces the concept of product-controlled value (PCV). The Tribe DAO governing the stablecoin issued FEI at a subsidized rate for Ether at its launch to generate a pool of Ether as its treasury. Tribe then supplied a part of this ETH with freshly minted FEI in an ETH-FEI liquidity pool on Uniswap to enable trading of the stablecoin. While users can buy FEI from the Tribe DAO, they cannot sell FEI back to it but have to sell FEI on the open market. Stability is maintained through an incentive system. If the price of FEI exceeds the peg, arbitrageurs can sell ETH to the Tribe DAO and sell their FEI on Uniswap to generate a profit.

If the price is below the peg, the incentives Tribe installed come into play. FEI buyers in the Uniswap liquidity pool receive a rebate to restore the peg, while sellers have to pay this rebate and an excess penalty to incentivize the peg to be restored. The further away from the peg the price of FEI has moved, the bigger the rebates and penalties, making it highly unprofitable for sellers to sell discounted FEI. Tribe can use its Ether reserves to buy back FEI and burn excess FEI to reduce supply as a last resort. Tribe merely acts as a governing body with the following functions:



* Appoint Minter and Burner contracts (including new bonding curves)
* Adjust Scale target and allocation rule on bonding curves
* Adjust incentive time-weight growth rate
* Percent reward for reweight peg restoration
* Reweighting any of the peg Uniswap pools




TRIBE To Local Currency

Last updated 2024/11/14 00:00:03 (UTC)

How To Buy Tribe

When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy Tribe and help you discover other cryptocurrencies similar to Tribe.

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FAQ

Q
What is the current price of Tribe?
A
We update our Tribe to USD price in real-time. Get the live Price of Tribe on CoinMapAi.
Q
What is the 24 hour trading volume of Tribe?
A
Over the last 24 hours, the trading volume of Tribe is $95.66K.
Q
What is the all time high of Tribe?
A
The all-time high of Tribe is $2.49. This all-time high is highest price paid for Tribe since it was launched.
Q
Where can I buy Tribe?
A
Tribe can be purchased on multiple centralized exchanges. Please check our buying guide: buy Tribe guide.
Cryptocurrency investment activities, including actions done to buy Tribe online via OKX, are subject to market risk. OKX provides easy and convenient ways for you to buy Tribe instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Tribe purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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