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Tribe
The TRIBE governance token for Fei DAO
The TRIBE governance token is collectively responsible for managing the Fei DAO.

Design

TRIBE's total initial supply is 1 billion. The minting capability is controlled by an appointed minter address (this is different from the Minter💰 role). The minter is originally set to the Fei DAO Timelock.
The code for TRIBE is forked from the Uniswap UNI token. The main difference is that UNI can only inflate 2% per year, whereas TRIBE has uncapped inflation.
Diffchecker
TRIBE vs UNI diff

Distribution

The Fei Core team wants TRIBE to have a balanced distribution between Community, Team, and Investors while prioritizing the Community. We embedded both capital favoring and non-capital favoring distribution mechanisms, and emphasize equal opportunity through the Genesis Group.
High-level TRIBE distribution:
  • 40% DAO treasury
  • 20% Initial DEX Offering
  • 13% Fei Core Team
  • 10% Genesis Group
  • 10% Staking Rewards
  • 5% Fei Core Team investors
  • 2% Grants
Medium announcement provides more details regarding the distribution.
The TRIBE Token Distribution
Medium
Last modified 8mo ago
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