Coinstore Lists TRIBE/USDT Trading Pair

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

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