Fellow Coinstorers,
Coinstore will list TRIBE(Tribe) and open TRIBE/USDT trading pair.
Details are as follows：
Total Issue supply: 1,000,000,000
Total circulation supply: 529,600,493
Official Website: https://fei.money/
Whitepaper link: https://fei.money/static/media/whitepaper.7d5e2986.pdf
Block Explorer: https://etherscan.io/token/0xc7283b66Eb1EB5FB86327f08e1B5816b0720212B
Introduction:
Tribe is the governance token for the FEI algorithmic stablecoin. Fei aims to provide a new decentralized solution to the stablecoin market. Existing stablecoins are either fiat-collateralized and, therefore, centralized or crypto-collateralized, making them capital-inefficient. Other algorithmic stablecoins suffer from no liquidity backing the peg, making them inherently unstable or centralize rewards to seigniorage stakeholders. FEI proposes a model similar in design to fractional reserve central banking, where the protocol issues FEI for a subsidized price against ETH at its genesis event and subsequently uses the incurred Ether as a treasury to maintain the peg. TRIBE is the governance token of the DAO controlling the governance of FEI and can be used in governance proposals or swapped for FEI in a UniSwapV2 liquidity pool.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinstore will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Coinstore Team
21 Sep, 2023
Find us on:
Official website: https://www.coinstore.com/
Download Coinstore: https://h5.coinstore.com/download/
Twitter: https://twitter.com/CoinstoreExc
Telegram Discussion Group：https://t.me/coinstore_english
Telegram Announcement Channel：https://t.me/coinstore_global
Facebook: https://www.facebook.com/CoinstoreExc/
Medium:https://medium.com/@coinstore_en