Tribe is the FEI algorithmic stablecoin's governance token. Fei intends to supply the stablecoin market with a new decentralized alternative. Stablecoins currently in use are either fiat-collateralized and hence centralized, or crypto-collateralized and thus capital-inefficient. The protocol issues FEI for a subsidized price against ETH at its genesis event, and then uses the incurred Ether as a treasury to preserve the peg.
DAO governs the network, while Tribe is the DAO's governance token. Tribe can be swapped for FEI in a UniSwapV2 liquidity pool or utilized in governance proposals.
TRIBE is an Ethereum ERC-20 token that is protected by a proof-of-work consensus method that compels miners to mine Ether. Ethereum is one of the most popular blockchains for DAOs. The Ethereum blockchain is secured and validated via a network of decentralized nodes.
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