As the governance token of FEI Protocol, TRIBE enables the ecosystem to maintain liquidity so that FEI can train close to the ETH/USD price. In addition to maintaining price stability, holders of TRIBE can participate in protocol functions such as voting on adding to the bonding curve of new tokens and modifying the price of existing curves.
You may be wondering what the difference is between FEI and TRIBE since you have to use one to explain the other.
TRIBE acts as sort of a Web 3.0 decentralised bank designed to bridge the gap between crypto-backed collateral and fiat-backed collateral. TRIBE token holders are able to vote on the adjustments made to FEI’s stable coin. On the other hand, FEI maintains a specific peg for the sake of stability. There is a FEI Protocol and FEI Stablecoin— FEI Protocol runs on two assets: FEI Stablecoin and TRIBE. FEI Protocol’s stablecoin and TRIBE token has three founders: Brianna Montgomery, Joey Santoro, and Sebastian Delgado.
Swyftx’s trading fees are below the industry average in Australia, therefore you can save some extra pocket money.
Verify your account in no time at all and deposit funds to get started on trading (asset name) and tons of other digital assets.
Swyftx has incorporated a mixture of cutting-edge security systems like Two-Factor Authentication (2FA) and Breached Password Detection.
Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.Create a free account
Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.