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Market

Market stats

Market cap

$183.1M

Volume (24h)

$592,630.87

Circulating supply

531.6M TRIBE

Typical hold time

Not enough data

Popularity

#241

All time high

$2.49

Price change (1h)

+0.27%

Price change (24h)

+3.74%

Price change (7d)

+9.03%

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.

What is Tribe?

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.

How does Tribe work?

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.

What are the potential use cases for Tribe?

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.

What is the history of Tribe?

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.

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Social

Some highlights about Tribe on social media

2 unique individuals are talking about Tribe and it is ranked #1,338 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Tribe has an average sentiment score of 5 out of 5. Finally, Tribe is becoming more newsworthy, with 0 news articles published about Tribe. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Tribe. There were 100% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Tribe. 0% of tweets were neutral about Tribe. These sentiments are based on 2 tweets.

On Reddit, Tribe was mentioned in 0 Reddit posts and there were 0 comments about Tribe. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

2 people

Dominance

0%

Volume rank

#1,338

Average Sentiment

5 out of 5

Twitter

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Tribe is on the rise this week.

The price of Tribe has risen by 9.03% in the past 7 days. The price increased by 3.74% in the last 24 hours. In just the past hour, the price grew by 0.27%. The current price is $0.34 per TRIBE. Tribe is 86.17% below the all time high of $2.49.

The current circulating supply is 531,644,019.346 TRIBE.

FAQ

What is the current price of Tribe?

We update our Tribe to USD currency in real-time. Get the live price of Tribe on Coinbase.

What is the market cap of Tribe?

The current market cap of Tribe is $183.14M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Tribe?

The all-time high of Tribe is $2.49. This all-time high is highest price paid for Tribe since it was launched.

What is the 24 hour trading volume of Tribe?

Over the last 24 hours, the trading volume of Tribe is $592.63K.

What other assets are similar to Tribe?

Assets that have a similar market cap to Tribe include Hive, Venus BTC, Vulcan Forged PYR, and many others. To see a full list, see our comparable market cap assets.

How many Tribe are there?

The current circulating supply of Tribe is 532 million.

What is the relative popularity of Tribe?

Tribe ranks 157 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Can I buy Tribe on Coinbase?

Yes, Tribe is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Tribe guide.

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