Павел Волынец

What Makes Tribe Unique?

Fei identified the capital inefficiency of crypto-collateralized stablecoins and the “mercenary capital” phenomenon as the main obstacle to designing a fully decentralized stablecoin. The former implies that more capital has to be deployed than can enter the system, which by design limits the growth potential of a system using crypto-backed stablecoins. Furthermore, coins like DAI suffer from liquidity providers always being on the hunt for the best yield and, consequently, have a limited scope of autonomy.

What Is Tribe (TRIBE)?

Tribe is the governance token for the FEI algorithmic stablecoin. Fei aims to provide a new decentralized solution to the stablecoin market. Existing stablecoins are either fiat-collateralized and, therefore, centralized or crypto-collateralized, making them capital-inefficient. Other algorithmic stablecoins suffer from no liquidity backing the peg, making them inherently unstable or centralize rewards to seigniorage stakeholders. FEI proposes a model similar in design to fractional reserve central banking, where the protocol issues FEI for a subsidized price against ETH at its genesis event and subsequently uses the incurred Ether as a treasury to maintain the peg. TRIBE is the governance token of the DAO controlling the governance of FEI and can be used in governance proposals or swapped for FEI in a UniSwapV2 liquidity pool.

What Is Storj?

Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption.

In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform.

Two years later, an updated white paper was published. Here, a decentralized network — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018.

People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens.

What is Velas FlashLight?

It’s all in the name — the latest and greatest news behind Velas across the globe, broken down into fast, digestible bites and illuminating the hard work our team has delivered in the past few weeks.

Velas FlashLight is a bi-weekly roundup of Velas in the news and across social media, from videos and mentions from your favorite YouTubers and Twitter influencers, to waves Velas is making in traditional media and articles. All in one place.

VLX Price Live Data

The live Velas price today is $0.278382 USD with a 24-hour trading volume of $7,575,390 USD. We update our VLX to USD price in real-time. Velas is down 2.05% in the last 24 hours. The current CoinMarketCap ranking is #110, with a live market cap of $630,098,909 USD. It has a circulating supply of 2,263,435,275 VLX coins and the max. supply is not available.

If you would like to know where to buy Velas, the top cryptocurrency exchanges for trading in Velas stock are currently DigiFinex, KuCoin, Gate.io, HitBTC, and BingX. You can find others listed on our crypto exchanges page.

What Is Velas (VLX)?

What Is Velas (VLX)? Velas is the world's fastest EVM Blockchain enabling up to 75 000 tx/s, processed instantly, with highest security out there, at almost for free. Velas Ecosystem consists of decentralised products built on top of its chain to present the ease of user experience of decentralised, open-source products.