About Tribe
TRIBE is an Ethereum token that governs Fei Protocol, which issues a separate, decentralized stablecoin called FEI that attempts to maintain a value of US$1.00. TRIBE can be used to vote for Fei Protocol upgrades and to adjust FEI stablecoin monetary policy.
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Trading Insights
Searched
2
Market Stats
Market Cap
₹16.10B
0.28%
FDV
₹35.38B
Circ. Supply
455M TRIBE
Max Supply
1B TRIBE
Total Supply
1B TRIBE
Diluted Valuation
₹35.74B
Performance
Popularity
#3,948
Dominance
0.01%
Volume (24H)
₹13.43M
-2.95%
Volume (7D)
₹95.26M
Volume (30D)
₹417.81M
All time high
₹215.65
Price Change (1Y)
-14.74%
Additional details
Recent trends
The latest TRIBE price is ₹35.56. Compared to Tribe's value of ₹35.38 from 24 hours ago, there's been a 0% increase, while the current price is -4% down from ₹36.45 which was recorded one week ago. Tribe's all time high is ₹215.65, which was reached on April 4, 2021. This is a -84% change from its price today.
The current circulating supply of Tribe is 455,015,531. This is 46% of its max supply of 1,000,000,000 TRIBE and 46% of its total supply of 1,000,000,000. The market cap is currently ₹16.10B, which is a result of multiplying the current price of Tribe(₹35.56) by the total supply(1,000,000,000 TRIBE). The fully diluted valuation of Tribe is ₹35.38B. The diluted valuation of Tribe is ₹35.38B.
Market details
TRIBE vs markets
↘ 39.09%
TRIBE vs BTC
↘ 47.37%
TRIBE vs ETH
↗ 18.44%
Tags
defi
governance
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xc7283b66Eb1EB5FB86327f08e1B5816b0720212B | |
Solana | DPgNKZJAG2w1S6vfYHDBT62R4qrWWH5f45CnxtbQduZE |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹35.56 | ↗ 0.25% |
1 Day | ₹35.38 | ↗ 0.25% |
1 Week | ₹36.45 | ↘ 3.78% |
1 Month | ₹32.29 | ↗ 8.85% |
1 Year | ₹40.28 | ↘ 14.74% |
FAQ
Tribe (TRIBE) is the governance token for the FEI algorithmic stablecoin. It strives to provide a decentralized solution to the stablecoin market, addressing the limitations of existing stablecoins. Tribe is governed by a Decentralized Autonomous Organization (DAO), meaning its operations are controlled by its community through smart contracts. The Tribe DAO oversees the FEI stablecoin, which was launched by a team of Bay Area residents in March 2021. Tribe may be utilized in governance proposals or exchanged for FEI in a liquidity pool.
Tribe operates as the governance token for the FEI stablecoin. FEI introduces the concept of Protocol Controlled Value (PCV), where the Tribe DAO issues FEI at a subsidized rate for Ether at its launch to generate a pool of Ether as its treasury. Tribe then supplies a part of this Ether with freshly minted FEI in an Ether-FEI liquidity pool to enable trading of the stablecoin. Stability is maintained through an incentive system. If the price of FEI exceeds the peg, arbitrageurs can sell Ether to the Tribe DAO and sell their FEI on the open market to generate a profit. If the price is below the peg, Tribe installed incentives come into play. Tribe may utilize its Ether reserves to retrieve FEI and burn excess FEI to reduce supply as a last resort.
Tribe seeks to address the limitations of existing stablecoins by providing a decentralized solution. It aims to eliminate the capital inefficiency of crypto-collateralized stablecoins and the instability of other algorithmic stablecoins. Tribe's potential applications may include participation in governance proposals, where holders can vote on various aspects of the FEI protocol. It may also be exchanged for FEI in a liquidity pool, providing liquidity for the FEI stablecoin. Furthermore, Tribe's underlying technology, the FEI stablecoin, can be used as a medium of exchange in the decentralized finance (DeFi) space.
Tribe was launched in March 2021 by a team of Bay Area residents, including Joey Santoro, Brianna Montgomery, and Sebastian Delgado. Santoro, the CEO of Fei Labs, 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, the organization behind Tribe, is supported by several VC funds. The total supply of TRIBE is 1 billion, with a current circulating supply of 415 million.
We update our Tribe to INR currency in real-time. Get the live price of Tribe on Coinbase.
The current market cap of Tribe is ₹16.10B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Tribe is ₹215.65. This all-time high is highest price paid for Tribe since it was launched.
Over the last 24 hours, the trading volume of Tribe is ₹13.43M.
Assets that have a similar market cap to Tribe include Ordify, Nolus, Etica, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Tribe is 455 million.
Tribe ranks 189 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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