I think it's time for a thread on $TRIB ( @TRIBtoken) and why I think it's a very interesting experiment

1/ Contribute is a new protocol, currently in the "genesis" phase (lasting 2 more days) with a unique idea: lock 10% of any buy/sell through the protocol contract into a protocol "vault" which earns ~ 30% APY via the @mstable_ protocol for its holders.

2/ $TRIB holders can claim the protocol interest (currently sitting at 1300$ in just a few days ) by burning an equivalent value amount of TRIB tokens. https://etherscan.io/address/0x0DdfE92234b9DCA2de799736bBBa1D2F25CFC3b8#readContract

3/ So if there is $100 in the interest pool, anyone can claim it by selling $100 worth of TRIB back to the contract.
After they do that they will get $190 back (remember there is always a 10% fee which is locked in the contract to generate even more interest).

4/ The 10% fee is used to buy $TRIB tokens and burn them, locking them in the BURN address, which nobody can access, generating interest in perpetuity. This also creates a "price floor", aka a minimum price for which $TRIB will always be redeemable for.

5/ $TRIB is still in the genesis process, which closes in ~2 days. During the genesis process everyone contributes to a pool and at the end of it everyone will be paying the same average price per token! This is a TRUE fair distribution, with no "whales" dumping on you.

6/ So what are the risks with $TRIB? Well...
1. Contracts are unaudited (but immutable)
2. Nobody ever did anything like this before, so it's very experimental.
3. Reliance on @mstable_ means protocol will live or die by it.

7/ If you wish to participate in the genesis event, you can do so on the official website at https://tribtoken.com/ . You can read the protocol paper here https://ipfs.io/ipfs/QmbfkUp9JkEkC2adxtpp6BAxgpUZy89WZ5TzpmP7EQdbpP and more about it in this medium https://medium.com/@kentosadim/contribute-in-a-nutshell-5ec5ecb9ace5

8/ As always, do your own research and this is NOT investment advice. I am personally in this project because as an experiment it is unprecedented and obviously hope it succeeds.

9/ Some interesting people in the official discord channel...

10/ A good video on $TRIB