Fei Protocol Launching March 22
The Genesis Group
|Kurt Grela||Mar 9|
Have you ever watched a crypto project launch?
Here’s how it happens…
📣 Fei Protocol Genesis begins on Monday 22nd March at 12:00 pm PST and will be live for 3 days 🤝 Everyone gets the same terms 🎛 ETH committed will bootstrap Fei's Protocol Controlled Value (PCV) 🌲 Earn $FEI and join the Tribe Here is the post: medium.com/fei-protocol/f…
Fei Protocol Genesis is coming in March! 🌲 Here is the TRIBE token distribution we plan on using: medium.com/fei-protocol/t…
1/ Announcing our investment in a new stablecoin project! is proud to be leading the round in Fei Labs, the team that is building out . Also participating are & many more. What's ? More here 👇
2/ FEI is a stablecoin pegged to USD that introduces two new ideas: Direct Incentives and Protocol Controlled Value, or PCV.
3/ How do Direct Incentives work? If the price of FEI falls below $1, Direct Incentives would reward users who support stability by minting and burning tokens traded through decentralized exchanges.
4/ What is Protocol Controlled Value? PCV are tokens the protocol itself owns. Users can buy FEI from the protocol. The purchase amount becomes PCV, which the protocol will deploy to encourage the adoption of FEI. At launch, PCV will be deployed to provide liquidity for FEI.
5/ We anticipate FEI stablecoins could be widely used both within the Ethereum ecosystem and more broadly, allowing decentralized finance to become more capital efficient by creating a new form of scalable collateral.
6/ The team behind the protocol’s creation is also exciting. Not only are and strong technical founders (w/prior stints at ) they’re passionate about the ideals behind DeFi: decentralization, inclusion, interoperability & efficiency.