$TRIBES overview

$TRIBES is the native token of the Tribes ecosystem.

It is designed to connect activity on the trading platform to the wider Tribes economy through a Buyback & Burn mechanism funded by trading fees.

Token

$TRIBES

Maximum supply

1,000,000,000 TRIBES

Additional minting

None. No additional $TRIBES can be minted beyond the maximum supply.

Buyback & Burn

50% of Tribes trading fee revenue

Burn policy

$TRIBES purchased through the Buyback & Burn program is permanently burned

How $TRIBES connects to Tribes

Trading activity on Tribes generates platform fee revenue.

Under the Buyback & Burn mechanism, 50% of Tribes trading fee revenue is allocated to purchasing $TRIBES from the market and permanently burning the tokens acquired.

This connects usage of the trading platform to the token economy:

Trading activity → Tribes trading fees → $TRIBES buybacks → Permanent burns

As trading activity grows, the amount of fee revenue available for the Buyback & Burn mechanism can grow with it.

Every $TRIBES token purchased through the mechanism and burned is permanently removed from circulation.

Because the maximum supply is fixed at 1,000,000,000 TRIBES, burned tokens cannot be replaced through additional minting.

Trading fees

The fee generated by a trade depends on the type of transaction.

Standard trading fees can vary based on factors such as the asset, transaction size and execution route.

Perpetual trades have a 0.05% Tribes trading fee per transaction, separate from any applicable protocol fees, funding payments or other execution costs.

The applicable fee is shown before a trade is confirmed.

See Fees.

What is documented

• Utility: how $TRIBES fits into the Tribes ecosystem.
• Tokenomics: Buyback & Burn, platform revenue and the wider token economy.
• Distribution: how the token supply is allocated.
• Vesting and unlocks: how allocated tokens enter circulation over time.
• Contract addresses: the official $TRIBES contract information.