Market Cap | |
---|---|
24 Hour Trading Vol | |
Fully Diluted Valuation | 906.03 B |
Circulating | 7,611,789.00 |
Total Supply | 7,870,048.39 |
Max Supply | 7,870,048.39 |
Week | Month | Year | All Time | |
---|---|---|---|---|
High |
15-11-2024 0.967859178178
-0.69%
|
13-11-2024 1.038524318557
-7.45%
|
22-05-2024 5.55
-82.68%
|
16-03-2024 ₹5,730,800.59
-82.68%
|
Low |
13-12-2024 0.961198
0.00%
|
26-10-2024 0.953190950331
0.84%
|
07-03-2024 0.15544
518.37%
|
30-12-2023 ₹5,628.29
518.63%
|
Sr. | Exchange | Pair | Price | Spread | Volume | Volume% | Confidence | Last Traded | Trust Score |
---|
Price | Market Cap | Volume | Date |
---|
Fei protocol is a DeFi stablecoin that is based on an algorithm. The goal of Fei is to propose a technological solution that is halfway between rigid, over-collateralized, decentralised stablecoins and centralised, custodial stablecoins. The FEI stablecoin and the TRIBE governance token are what make the Fei Protocol work. The goal of FEI is to make it a fully decentralised stablecoin with better use of capital. The protocol uses the value it has control over to keep secondary markets open and make money for itself. The prject was started in December 2020, and the crypto community showed a lot of interest in it right away. It led to investors putting in $19 million in early March 2021. Andreessen Horowitz (a16z), Coinbase Ventures, Nascent, and Framework Ventures are some of the people who have joined this project. There were some problems with the peg in the original mechanism, but the protocol got better after launch thanks to a series of changes to the way it was run. Fei v2 will come out in late 2021 and is meant to be a major upgrade to the system. It has a 1:1 exchange rate between FEI and protocol reserves, TRIBE buybacks and a backstop, and algorithmic value management that is controlled by the protocol. To know more about the Fei USD market cap and chart, install the top cryptocurrency app CoinGabbar today!