Market Cap | |
---|---|
24 Hour Trading Vol | |
Fully Diluted Valuation | 906.03 B |
Circulating | 455,015,531.00 |
Total Supply | 1,000,000,000.00 |
Max Supply | 1,000,000,000.00 |
Week | Month | Year | All Time | |
---|---|---|---|---|
High |
12-12-2024 0.627714632772
-15.46%
|
30-11-2024 0.727470833877
-27.05%
|
30-11-2024 0.727470833877
-27.05%
|
04-04-2021 ₹5,730,800.59
-78.35%
|
Low |
13-12-2024 0.530691
0.00%
|
22-11-2024 0.465608135931
13.98%
|
01-01-2024 0.308768223205
71.87%
|
19-08-2022 ₹5,628.29
268.05%
|
Sr. | Exchange | Pair | Price | Spread | Volume | Volume% | Confidence | Last Traded | Trust Score |
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Price | Market Cap | Volume | Date |
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The FEI algorithmic stablecoin is run with the help of a token called "Tribe." Fei wants to give the stablecoin market a new, decentralised way to handle things. Existing stablecoins are either backed by fiat currency, which makes them centralised, or by crypto currency, which makes them wasteful of capital. Other algorithmic stablecoins don't have enough liquidity to back up the peg, which makes them inherently unstable, or they give most of the rewards to a small group of people who hold seigniorage stakes. FEI proposes a model that looks a lot like fractional reserve central banking. At the genesis event, the protocol gives out FEI at a discounted price in exchange for ETH and then uses the Ether that was paid out as a reserve to keep the peg. TRIBE is the governance token of the DAO that controls the governance of FEI. It can be used in governance proposals or traded for FEI in a UniSwapV2 liquidity pool.
Tribe is run as a DAO, which means that its community runs it through smart contracts in a completely decentralised way. The DAO is in charge of the Fei stablecoin, which was started by three Bay Area residents: Joey Santoro, Brianna Montgomery, and Sebastian Delgado. It was first used in March 2021.
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