The world’s largest crypto exchange Binance has announced today that its lists Tribe (TRIBE). Binance will open trading for TRIBE/BTC, TRIBE/BNB, TRIBE/BUSD and TRIBE/USDT trading pairs at 2021-08-24 06:00 (UTC).
#Binance Will List @feiprotocol $TRIBEhttps://t.co/d3vKAIamTm
— Binance (@binance) August 24, 2021
What is Tribe (TRIBE)?
Tribe (TRIBE) is an Ethereum token that governs Fei Protocol, which issues a separate, decentralized stablecoin called FEI that attempts to maintain a value of US$1.00. TRIBE can be used to vote for Fei Protocol upgrades and to adjust FEI stablecoin monetary policy.
The goal of the Fei Protocol is to maintain a liquid market in which its stablecoin FEI trades closely to the ETH/USD price. Fei Protocol achieves this via a stability mechanism known as direct incentives. Fei Protocol has launched with a fully decentralized DAO, which is governed by the TRIBE token. TRIBE holders can vote on adding new bonding curves in new tokens or adjusting price functions of existing curves, and adjusting the allocation of Protocol Controlled Value (PCV) for new incoming funding or existing PCV fees.
On August 12, Coinbase listed Tribe (TRIBE) on Coinbase Pro.
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