What is Tribe Crypto? Why is it unique?

Be the First to Comment Read

What is Tribe Crypto? Why is it unique?

Is Tribe crypto a good investment, why TRIBE crypto is trending?, What is Tribe crypto, Tribe crypto prediction, Tribe crypto news, shiba inu for sale, shiba inu price
Image source: © Andreyyalansky19 | Megapixl.com

Highlights

  • Tribe values its community members by allowing them to vote on future platform modifications and direction.
  • Tribe is also operated as a DAO, which means it is entirely decentralised and governed by its community via smart contracts.
  • Tribe's value has skyrocketed since it was listed on some of the world's largest cryptocurrency exchanges, including Coinbase and Binance.

Shiba Inu has proved how a crypto can rise with sheer support from its community, the SHIB Army. Shiba lives in their hearts, the driving force behind the coin's success. 

However, has a significant competitor to Shiba Inu arisen in the cryptosphere?

Enter Tribe Crypto.

What is Tribe crypto and what makes it unique?

Initiated by Joey Santoro, Brianna Montgomery and Sebastian Delgado, Tribe crypto started trading on the UniSwapV2 platform in early March.

Priced at US$1.14 at the time of writing, Tribe has a market cap of US$515,195,654 and a circulating supply of 453,448,622 TRIBE coins. The crypto reached an all-time high of $2.49 on 4 April 2021.

The Tribe token is regarded as Fei protocol's governance token. This protocol seeks to maintain a liquid market where its stablecoin FEI would trade at a price comparable to ETH/USD. TRIBE has the power to influence Fei protocol’s decisions.

As a community-driven cryptocurrency, Tribe rose to the 246th rank in terms of market cap in just a few months.

Tribe values its community members by allowing them to vote on future platform modifications and direction. Tribe is also operated as a DAO, which means it is entirely decentralised and governed by its community via smart contracts.

TRIBE members are entitled to the following benefits:

Source: Copyright © 2021 Kalkine Media

If your understanding of governance tokens isn't clear, we'll go through it in greater detail. As of now, governance tokens are a unique type of token that permits owners to have a say in decisions involving:

Recent Article: The race to adopt Bitcoin: After El Salvador, who’s next?

Recent Article: Buy your own planet with VIBE crypto as its price skyrockets

Final Thoughts

Tribe's value has skyrocketed since it was listed on the world's largest cryptocurrency exchanges, including Coinbase and Binance. More investors are drawn to TRIBE as a result of this.

In addition, Tribe has risen to prominence in a relatively short period, thanks to its community.

Recent Article: How to spot NFT trends?

Disclaimer

Speak your Mind

Featured Articles