6/18/2023 0 Comments How much is tribes 2 worthWhile TRIBE is volatile, FEI, due to its function as a stablecoin, should be pegged as close to $1 as possible. Overview of TribeĪs mentioned previously, the Tribe cryptocurrency is the governance token for the Fei Protocol. Will the coin’s prospects improve over 2022?īefore looking at some Tribe price predictions, let’s take a quick overview of the coin. While stablecoins have no doubt gained market traction, even amid regulators’ intensifying calls for rules to be tightened, Tribe has not performed particularly well over 2021. ![]() ![]() ![]() The Fei Protocol, for which TRIBE is the governance token, claims to have developed an alternative solution that is efficient, secure and scalable. From fiat-backed stablecoins, which by virtue of being pegged to a central currency render them no longer decentralised, to crypto-backed stablecoins that are plagued by capital inefficiencies and instability, most stablecoins are, according to the project, simply not sufficient. The majority of stablecoins currently on the market, Fei Protocol argues, are racked with problems. ![]()
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