TRIBE is a token used to govern the Fei Protocol. The token is also used to issue a decentralized stablecoin of the protocol which trades under the FEI tag. The then newly issued token is designed to strive and always keep a value of $1. This means that FEI always aims to have a 1:1 ratio with the US Dollar. This is not the only use that the token has as it also holds governance use within the protocol itself, meaning it allows the holders to vote on any potential changes implemented in the future. The project itself is run as a Decentralized Autonomous Organization which means that it is run by its community. Meaning that the running of the project is done in a completely decentralized way with the use of decentralized contracts. Know that the FEI stablecoin was officially launched in early 2021 by a team consisting of California residents. Joey Santoro serves as the CEO of the protocol and the whole project. The team aims to overcome the inefficiency and issues tied to the stablecoins which use cryptos as collateral.