Binance listed TRIBE token. ATLAS will be available soon

 Binance added a new token on its exchange today, listing Tribe (TRIBE). The company plans to open trading for TRIBE/BNB, TRIBE/BTC, TRIBE/USDT, and TRIBE/BUSD pairs. 

The Fei Protocol released its native governance token TRIBE to incentivize investors. The company aims to maintain a liquid market so that its stablecoin FEI will trade close to the ETH/USD price in this marketplace. The Protocol will achieve this via a stability mechanism, also known as direct incentives. Using dynamic mint rewards, direct incentive stablecoins burn penalties on DEX trade volume and, as a result, maintain the peg. The TRIBE token uses Uniswap as its incentivized DEX at launch. Governance will be able to add or update DEX integrations, as well as other incentives as needed. 

How does the Fei Protocol work?

 Fei Protocol has launched with a fully decentralized DAO, governed by the TRIBE token. The token holders can vote on adding new bonding curves in new tokens, as well as adjusting price functions of existing curves. Furthermore, they can make decisions about adjusting the allocation of Protocol Controlled Value (PCV) for existing PCV fees or new incoming funding.

 According to the company, the new supply of FEI stablecoins will enter circulation via a buy-only bonding curve denominated in ETH. It refers to the ETH accrued from purchases on the bonding curve as PCV. The Fei Protocol defines PCV as any value completely owned and controlled by it without an IOU.

 The company plans to deploy its PCV exclusively as Uniswap ETH/FEI liquidity. This model is “liquidity-collateralized,” and it removes the need for an overcollateralized debt position.

 With the supply growth, the bonding curve price will approach a fixed peg to the oracle price. When the Uniswap price trades above the peg, the fixed peg bonding curve will create an arbitrage opportunity. As a result, the Protocol will be able to use its liquidity PCV and backstop the Uniswap price. That will occur when it trades below the peg for a specific period.

 The company will use the TRIBE token to upgrade the Protocol over time. It released TRIBE to bond FEI/TRIBE Uniswap LP tokens. Furthermore, this token has key advantages that are not present in other widely used stablecoin designs. FEI is both decentralized and scalable. The company will distribute new supplies according to new demand. In addition, PCV will provide flexibility to governance, adding future integrations and incentives. FEI or TRIBE token holders will also benefit from the mechanisms designed to create liquid exchange and a high fidelity peg.

What Is Star Atlas (ATLAS), and how does it work?

Star Atlas is a massive multiplayer online game. It takes place in a virtual gaming metaverse. The company plans to launch its native utility token on 25.08.2021. ATLAS token will trade for $0.001380 during the initial coin offering.

The team is building Star Atlas on Unreal Engine 5. That means the game will feature cinema-quality, real-time environments. Furthermore, Star Atlas will take place in a futuristic science fiction setting in 2620. According to the plot, three major factions – humankind, a consortium of alien races, and sentient androids have emerged in the past and are now competing for resources and control.

The game will combine different genres. Users will also need to use strategy. They will have to develop tactical plans of action on how to interact with other players and factions. Another part of the game is exploration, as it features an abundance of stars for exploration, as well as exploitation. Players will be able to travel to and explore the stars independently through first-person flight. Thus, it is in part a flight simulation. In addition, the platform will allow players to mine resources and derive revenue streams from doing so.

Players should choose a faction first. After that, they start playing in faction security zones without combat to explore basic gameplay. However, later they will be able to venture out to medium-tier security and open gameplay where combat is possible.

Here are fundamental gameplay pillars are deep space exploration, combat, choosing in-game professions to mine resources, building space stations and ships, and forging alliances to scale control of resources. Users can exchange assets acquired in the game for real-world currency.

When did the team create Star Atlas?

The team had been working on Star Atlas for some time before announcing it in January 2021. It is building the game on the Solana blockchain. Furthermore, several Solana-based projects, such as Serum, and FTX, support the game.

CEO Michael Wagner, COO Pablo Quiroga, and head of operations Deb Lucas are the ones who founded Star Atlas. They all have the specific experience needed for creating the game on the Defi platform.

Star Atlas plans to deliver an immersive metaverse gaming experience that encompasses several genres. Besides, it combines an ability to earn virtual assets that can be exchanged for real-life currency with a cinema-quality gaming experience. The company plans to supersede its competitors by outperforming them in several areas. Currently, no blockchain game offers as many different gameplay possibilities as Star Atlas.

There are games offering the option to earn via staking, explore its virtual world and form alliances, or battle other players for virtual assets, but not one of them does all of the above simultaneously.

How can players use ATLAS tokens?

Players can use the platform’s native token as in-game currency to purchase assets. Besides, they will also be able to buy NFTs on the NFT marketplace with ATLAS. Moreover, the platform will allow players to choose a profession, such as CEO, broker, pirate, bounty hunter, and a large number of others, to fulfill roles on spaceships. The latter will also have the option to combine resources and compete not only individually but collectively, as well. Decentralized autonomous corporations created by united players will be able to construct entire space cities with accompanying micro-economies. The Star Atlas universe has the second token – POLIS, which will also serve as a governance token in these space cities. Its holders will participate in making governance decisions regarding the game.

More importantly, the company plans to offer an NFT marketplace and an NFT release schedule to distribute and trade in-game assets. ATLAS token holders will have the option to provide liquidity or buy and sell their token holdings.

What about ATLAS token’s distribution?

According to the company, ATLAS tokens will have no maximum total supply to account for in-game incentives. The team will distribute 20% of existing supply at “Galactic Asset Offerings (GAOs).” It will also reserve 10% of that stake as a seed round and for family and friends. Meanwhile, they will offer the other 10 % to users in ICO sales on Serum and FTX platforms.

Star Atlas also announced that 80% of the entire token supply and all future inflation could only be earned through in-game activity or sales by other players. It plans to reserve 45% for mining stations, 20% for trade, and 20% for missions, while the remaining 15% goes to resource gathering. The team also promises to burn the token to reduce its supply and increase the value per token.

Star Atlas boasts strong security. The company selected Solana for its fast transaction times and minuscule transaction fees to guarantee its users a safe and easy experience. The game’s popularity is increasing. The ATLAS token already appeared on 2,068 watchlists, which is a good achievement considering its freshness.