$0.29363480
- Market Cap$133,683,305.124
- 24 Hour Trading Vol$1,150.028
- Fully Diluted Valuation$293,634,797.869
- Circulating Supply455,015,531
- Total Supply1,000,000,000
- Max Supply1,000,000,000
- TRIBE Price$0.29363480
- Trading Volume$1,150.028
- Market Cap$133,683,305.124
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TRIBE and Fei Protocol Governance
Fei Protocol is set to start with a fully decentralized DAO on day one. The TRIBE token is what gives power to that DAO. With TRIBE, token holders can vote on actions such as:
Introducing new bonding curves in new tokens or changing the pricing function(s) of existing curve(s)Modifying how PCV is allocated for newly arriving funds or for existing PCVThe Fei Protocol DAO is designed to be capable while using minimal governance. Keeping FEI stable does not depend on ongoing governance actions. The development team favors autonomous, algorithm-driven mechanisms over approaches that are fixed or dependent on governance. This governance-minimized model, they argue, leads to a more reliable and effective system.
The protocol assigns part of the TRIBE supply to a FEI staking pool. Users can deposit FEI and receive a pro-rata share of the TRIBE drip flowing into that pool. The development team and investors keep a separate portion, and a further percentage is directed to the Genesis Group and Initial DeFi Offering described below. The rest of the TRIBE remains in a treasury managed by governance.
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