TRIBE was launched by a team of Bay Area residents in March 2021. It is a governance token for the FEI algorithmic stablecoin.
Currently, TRIBE is circulating at 415 million. 80% of the total value is distributed to the DAO, 15% to the team along with a back-weighted time-lock for five years and the remaining 5% to the investors with a linear time-lock.
Are you interested in the TRIBE token? Check everything about the crypto. We will be analyzing all about TRIBE including the present performance, future price prediction, buying options for investors, and credibility.
Let us dive in:
What is Tribe (TRIBE)?
The token is used for governance and decision-making in the FEI protocol. Through the decentralized community organizations, TRIBE holders effectively control the rules and policies of FEI.
TRIBE is the cryptocurrency that gives the holders of the token the power to govern the FEI algorithmic stablecoin. They can propose and upgrade changes to the FEI protocols, as well as on how the FEI stablecoins should be managed to keep their values stable to $1.00.
TRIBE tokens in essence provide the holders to raise their voice in the policies and governance of the Fei protocol ecosystem and its FEI stablecoin.
Token Name: TRIBE
Market Cap: $229.03 M
24H volume: $8.5 M
Max Supply: 1B TRIBE
Total Supply: 1 B TRIBE
Chains: Ethereum Ecosystem
Categories: DeFI, Governance, Stablecoin Protocol
Key factors of Tribe (TRIBE)
- TRIBE addressing the limitations of the stablecoins, strives to give a decentralised solution to the stablecoin market
- The token is available on the Ethereum blockchain and is used to govern the Fei protocol.
- Tribe Crypto is governed by the Decentralised Autonomous Organization. The functioning is controlled by its community through smart contracts.
Price Prediction of Tribe (TRIBE)
At the time of writing this, TRIBE is trading at $153,550 for the past 24 hours.
This represents an increase of 50.90% from the previous day, signaling a recent market rise. We have made a seven-year prediction of TRIBE after analyzing the market trajectory and technical factors. Check out the minimum, average, and maximum price prediction of TRIBE until 2030:
| Year | Minimum Price Prediction | Average Price Prediction | Maximum Price Prediction |
| 2024 | $0.45 | $0.56 | $0.68 |
| 2025 | $0.61 | $0.76 | $0.92 |
| 2026 | $0.78 | $0.97 | $1.17 |
| 2027 | $0.99 | $1.24 | $1.49 |
| 2028 | $1.26 | $2.57 | $1.89 |
| 2029 | $1.60 | $2.00 | $2.40 |
| 2030 | $2.30 | $2.54 | $3.05 |
Where can you buy Tribe (TRIBE)?
You can buy and trade TRIBE in centralized and decentralized crypto exchanges. The most famous exchange for TRIBE is UniSwap V2 (Ethereum) with a trading volume of $16,975.52 in the last 24 hours. Other popular exchanges are Binance, Huobi, Coinbase and Gate.io.
How to buy Tribe (TRIBE)?
Excited to buy TRIBE but confused about the process? We will sort it out for you. Just follow the below-mentioned steps to buy TRIBE.
Step 1: Select the cryptocurrency wallet to keep your currency. Make sure the one you picked follows your desired policies, and payment methods, and works in your location. The wallet app is available on Google Play Store or iOS App Store. If you are using the website, it may be downloaded as an extension for Google Chrome.
Step 2: Create an account by entering your personal data and choosing a secure password. After that, you will receive a “seed phrase”. Take note of the seed phrase as this will protect you in case you misplace this wallet.
Step 3: You can use and trade TRIBE with the base currency. To do this, select an exchange platform for cryptocurrencies and purchase your base currency. You can use base currency like Ethereum, Tether, Bitcoin, and so on to buy TRIBE.
Step 4: You may extract the base currency out of your wallet and deposit it into your crypto wallet. Sign into your account on the exchange platform. Enter the wallet address and the amount you wish to transfer. After some time the fund will appear in your crypto wallet.
Step 5: Choose the decentralized exchange that supports the wallet. Buy the TRIBE with the base currency. Select TRIBE currency from the list and then enter the amount you wish to trade.
Tips: While choosing the wallet, Hot Wallets are recommended for beginners because they allow fast online payments. Cold wallets are secure because they are not connected to the internet. Large amounts of money can be stored in cold wallets. Start with a modest amount if you are trading for the first time.
Is Tribe a credible investment?
TRIBE is an ERC-20 token in the Ethereum ecosystem. The potential of TRIBE includes governance of FEI protocols, exchange for FEI in a liquidity pool, and providing liquidity for FEI stablecoin. As per the analysis, TRIBE appears to be a credible investment option for both beginners and seasoned investors.
Cryptocurrency and related investments are highly volatile and involve risks. It is mandatory for investors to conduct research before investing to avoid loss of funds.
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