Rank: 320
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DeFi
TRIBE Price
Contracts/Explorers:
Ethereum
The TRIBE governance token is collectively responsible for managing the Fei DAO.
ICO
31 Mar — 4 Apr 2021
Raised
N/A
Price:
Tokens For Sale:
200,000,000
Platform:
N/A
TRIBE and Fei Protocol Governance
Fei Protocol will launch with a fully decentralized DAO on day one. The TRIBE token controls the DAO. TRIBE holders can vote on the following actions among others:
The Fei Protocol DAO will be both powerful and governance-minimized. FEI stability does not require any active intervention by governance. The development team encourages mechanisms that are autonomous and algorithmic over those that are rigid and reliant on governance. We believe this governance-minimized approach creates a more predictable and efficient system.
The protocol allocates a portion of the TRIBE token to a FEI staking pool. Users can deposit FEI and receive a pro-rata percentage of the TRIBE drip into the pool. The development team and investors retain another portion. A percentage will be split between the Genesis Group and Initial DeFi Offering we discuss below. The remaining TRIBE stays in a treasury controlled by governance.
TRIBE's current price is $ 0.490, it has increased +4.17% over the past 24 hours.
TRIBE's All Time High (ATH) of $ 2.19 was reached on 5 Apr 2021, and is currently -77.6% down.
The current circulating supply of TRIBE is 455.02 Million tokens, and the maximum supply of TRIBE is 1.00 Billion.
TRIBE’s 24 hour trading volume is $ 426.40 Thousands.
TRIBE's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 223.01 Million.
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