Tribe
TRIBE
Tribe Price, TRIBE Price, Live Charts and Marketcap
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Price of Tribe today
The live price of Tribe is $0.352 per (TRIBE / USD) today with a current market cap of $-5.1M USD. The 24-hour trading volume is $78.7K USD. TRIBE to USD price is updated in real time. Tribe is -3.46 % in the last 24 hours. It has a circulating supply of 455,015,530.805 .
What is the highest price of TRIBE?
TRIBE has an all-time high (ATH) of $2.45, recorded on 03-04-2021.
What is the lowest price of TRIBE?
TRIBE has an all-time low (ATL) of $0.144, recorded on 19-08-2022.
Tribe market information
Tribe Information
The information about Tribe (TRIBE) token is:
Tribe (TRIBE) is an ERC-20 token launched on the Ethereum blockchain, serving as the governance token for the Fei Protocol, a decentralized finance (DeFi) platform aimed at creating a stablecoin called FEI pegged to the US dollar.
The token was introduced in March 2021 by Fei Labs, founded by Joey Santoro, Brianna Montgomery, and Sebastian Delgado, a team based in the San Francisco Bay Area with expertise in blockchain and computer science.
TRIBE has a total supply of 1 billion tokens, with its smart contract address on Ethereum being 0xc7283b66eb1eb5fb86327f08e1b5816b0720212b, enabling it to operate within Ethereum’s Proof-of-Stake ecosystem post-merge.
The primary function of TRIBE is governance, allowing holders to vote on Fei Protocol decisions such as protocol upgrades, adjustments to the FEI stablecoin’s monetary policy (e.g., bonding curves and Protocol Controlled Value allocation), and management of the DAO treasury.
The Fei Protocol, governed by TRIBE, utilizes a unique mechanism called Protocol Controlled Value (PCV), where assets like ETH are held to maintain FEI’s peg, paired with direct incentives to stabilize its value, distinguishing it from other stablecoins.
TRIBE holders can also stake their tokens within the ecosystem to earn rewards, aligning with Fei’s goal of fostering a decentralized and capital-efficient stablecoin model, free from centralized control or over-collateralization.
The token’s launch on Uniswap V2 faced an early challenge with a security breach in the ETH-FEI pool, which was patched before exploitation, reinforcing community oversight through TRIBE governance.
Posts on X and web sources highlight TRIBE’s role in a DAO-governed system with roles like governor, minter, burner, and PCV controller, all managed by the community, emphasizing its decentralized ethos.
Fei Labs, backed by venture capital from firms like Andreessen Horowitz, designed TRIBE to address limitations in existing stablecoins, with the token facilitating votes on adding new tokens or adjusting existing financial mechanisms within the protocol.