Tribe (TRIBE) Price

TRIBE is an Ethereum token that regulates the Fei Protocol, which issues a distinct, decentralized stablecoin called FEI, which tries to maintain a value of $1.00. TRIBE can be used to vote on Fei Protocol improvements and to change the monetary policy of the FEI stablecoin.

The FEI Protocol is founded on the primary premise of fully decentralized design (FEI DAO) and little reliance on any centralized assets or Ethereum protocols. A decentralized autonomous organization (DAO) is not governed by a single entity. The FEI Protocol is DeFi-native to promote the long-term generation of FEI stablecoins. FEI is a platform-pegged stablecoin that adheres to the ERC-20 standard. The platform aims to keep a liquid market in which ETH/FEI trades close to the ETH/USD pricing. 

Tribe Features and Updates

As a governance token, TRIBE can influence Fei protocol decisions, which will be deployed in early 2021. Its purpose was to develop a dependable stablecoin that would bridge the gap between coins backed by fiat currency collateral and those backed by crypto collateral. TRIBE members can vote on whether new bonding curves for new tokens should be added, they can modify current curves' price functions, and they can even modify the Protocol Controlled Value (PCV) allocation to account for new incoming money or existing PCV costs.

The Fei protocol is powered by two crypto assets: the FEI stablecoin (to keep the peg) and the TRIBE governance token (to balance volatility). TRIBE holders can vote on FEI stablecoin changes. 

Tribe Team

The Fei decentralized stablecoin platform was founded by Joey Santoro, Brianna Montgomery, and Sebastian Delgado. The founders and co-founders of Fei's protocol are Santoro and Delgado. At Fei Labs, Santoro is the CEO, while Montgomery is the business lead. The three co-founders of TRIBE and Fei Labs have extensive experience in the cryptocurrency field.