Decentralized Stablecoin Project Fei Labs Has A Successful Genesis Event Launch

Published on: 05.04.2021

The “Genesis” launch of stablecoin project Fei Labs acquired 639,000 ETH and minted $1.3 Billion worth of FEI tokens.

Early investors include American venture capital firm Andreessen Horowitz, Coinbase, DeFi VC firm Framework,AngelList founder Naval Ravikant,and others.

Fei Labs will also distribute its native token TRIBE on 170,000 unique addresses that participated in the TGE(Token Generation Event) in Uniswap.

#SmartCrypto

Market Stats:
BTC Dominance: 37.86%(-0.26%/24h)
ETH Dominance: 17.68%(+0.16%/24h)
Defi Market Cap: $36.04B(-2.03%/24h)
Total Market Cap: $837.88B(+0.68%/24h)
Total Trading Volume 24h: $34.79B(-7.13%/24h)
ETH Market Cap: $145.91B
Defi to ETH Ratio: 24.7%
Defi Dominance: 4.13%
Altcoin Market Cap: $520.68B
Altcoin Volume 24h: $17.1B
Total Cryptocurrencies: 21863
Active Cryptocurrencies: 9161
Active Market Pairs: 59257
Active Exchanges: 529
Total Exchanges: 4316