Tokenomics
Supply, the trading fee structure, $TRIBES Buyback & Burn, Tribes Revenue, the affiliate system and the economic flywheel.
Token supply
$TRIBES has a fixed maximum supply of 1,000,000,000 tokens.
No additional $TRIBES can be minted beyond this maximum supply.
The token economy is designed to connect activity on Tribes to the supply of $TRIBES through a Buyback & Burn mechanism funded by platform trading fees.
Trading fee structure
Trading fees depend on the type of transaction.
Standard trades can have variable fees based on factors such as:
- transaction size
- asset
- execution route
- underlying market or protocol
Perpetual trades have a 0.05% Tribes trading fee per transaction.
The applicable Tribes fee is shown before a trade is confirmed.
Additional costs such as network fees, protocol fees or perpetual funding payments may apply separately.
See Fees.
Revenue allocation
Tribes trading fee revenue is divided into two equal allocations:
| Destination | Share of Tribes trading fee revenue |
|---|---|
| $TRIBES Buyback & Burn | 50% |
| Tribes Revenue | 50% |
The Buyback & Burn allocation and Tribes Revenue allocation are separate.
Affiliate commissions are funded from the Tribes Revenue portion and do not reduce the Buyback & Burn allocation.
$TRIBES Buyback & Burn
50% of Tribes trading fee revenue is allocated to the $TRIBES Buyback & Burn program.
That allocation is used to purchase $TRIBES from the market.
Tokens acquired through the program are then permanently burned.
How it works
- Trading on Tribes generates platform fee revenue.
- 50% of that revenue is allocated to Buyback & Burn.
- The allocation is used to purchase circulating $TRIBES.
- Purchased tokens are permanently burned.
- Burned tokens cannot be minted again.
The program is funded by platform activity rather than by a separate token reserve.
Trading activity → Tribes trading fees → $TRIBES buybacks → Permanent burns
What activity means for buybacks
The amount allocated to Buyback & Burn depends on the actual Tribes trading fee revenue generated by the platform.
Because standard trading fees can vary, trading volume alone does not determine the exact amount of fee revenue generated.
For example:
| Tribes trading fee revenue | Buyback & Burn | Tribes Revenue |
|---|---|---|
| $100,000 | $50,000 | $50,000 |
| $1,000,000 | $500,000 | $500,000 |
| $10,000,000 | $5,000,000 | $5,000,000 |
The number of $TRIBES tokens removed from circulation depends on the market price at which each buyback is executed.
The allocation itself remains fixed at 50% of Tribes trading fee revenue.
Tribes Revenue
The remaining 50% of Tribes trading fee revenue belongs to Tribes as platform revenue.
It can support the operation, development and growth of the platform.
This revenue is separate from the Buyback & Burn allocation.
Affiliate system
The affiliate system rewards users who bring active traders to Tribes.
Affiliate commissions are paid from Tribes Revenue, not from the Buyback & Burn allocation.
For activity generated by an eligible referred user:
-
Tribes trading fee revenue is split:
- 50% → Buyback & Burn
- 50% → Tribes Revenue
-
The affiliate can receive 75% of the Tribes Revenue generated by that referred activity.
This means the affiliate receives 75% of Tribes' half, not 75% of the full trading fee revenue.
| Destination | Affiliate-attributed fee revenue | Non-affiliate fee revenue |
|---|---|---|
| Buyback & Burn | 50% | 50% |
| Affiliate | 37.5% | 0% |
| Tribes Revenue | 12.5% | 50% |
| Total | 100% | 100% |
The Buyback & Burn allocation remains unchanged whether trading activity comes from an affiliate-referred user or not.
Economic flywheel
The economic model connects platform growth to the $TRIBES token economy.
More users → More trading activity → More Tribes trading fee revenue → More $TRIBES buybacks → More $TRIBES permanently burned
Affiliate incentives can help bring additional users and trading activity to Tribes while leaving the Buyback & Burn allocation unchanged.
The mechanism links platform usage to recurring market purchases and permanent reductions in circulating supply.
It does not guarantee demand, token price appreciation or future returns.
Core economic structure
- Maximum supply
- 1,000,000,000 TRIBES
- Additional minting
- None
- Standard trading fees
- Variable and shown before confirmation
- Perpetual trading fee
- 0.05% per transaction
- Buyback & Burn
- 50% of Tribes trading fee revenue
- Burn policy
- 100% of $TRIBES purchased through the program is permanently burned
- Tribes Revenue
- 50% of Tribes trading fee revenue
- Affiliate commission
- 75% of Tribes Revenue generated by eligible referred activity
- Affiliate funding
- Funded from Tribes Revenue, not Buyback & Burn
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