I think it& #39;s time for a thread on $TRIB ( @TRIBtoken) and why I think it& #39;s a very interesting experimenthttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
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 https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">) by burning an equivalent value amount of TRIB tokens. #readContract">https://etherscan.io/address/0x0DdfE92234b9DCA2de799736bBBa1D2F25CFC3b8 #readContract">https://etherscan.io/address/0...
2/ $TRIB holders can claim the protocol interest (currently sitting at 1300$ in just a few days https://abs.twimg.com/emoji/v2/... draggable=) by burning an equivalent value amount of TRIB tokens. https://etherscan.io/address/0..." title="2/ $TRIB holders can claim the protocol interest (currently sitting at 1300$ in just a few days https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">) by burning an equivalent value amount of TRIB tokens. https://etherscan.io/address/0...">
2/ $TRIB holders can claim the protocol interest (currently sitting at 1300$ in just a few days https://abs.twimg.com/emoji/v2/... draggable=) by burning an equivalent value amount of TRIB tokens. https://etherscan.io/address/0..." title="2/ $TRIB holders can claim the protocol interest (currently sitting at 1300$ in just a few days https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">) by burning an equivalent value amount of TRIB tokens. https://etherscan.io/address/0...">
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.
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.
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 https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔔" title="Glocke" aria-label="Emoji: Glocke"> risks https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔔" title="Glocke" aria-label="Emoji: Glocke"> with $TRIB? Well...
1. Contracts are unaudited (but immutable)
2. Nobody ever did anything like this before, so it& #39;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/ .">https://tribtoken.com/">... You can read the protocol paper here https://ipfs.io/ipfs/QmbfkUp9JkEkC2adxtpp6BAxgpUZy89WZ5TzpmP7EQdbpP">https://ipfs.io/ipfs/Qmbf... and more about it in this medium https://medium.com/@kentosadim/contribute-in-a-nutshell-5ec5ecb9ace5">https://medium.com/@kentosad...
Contribute in a nutshell

A lot of people have been asking for an elevator pitch to Contribute, this is my attempt.

https://tribtoken.com/
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... https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">
10/ A good video on $TRIB https://www.youtube.com/watch?v=XqqM7uHmlLM&ab_channel=WiseStaking">https://www.youtube.com/watch...
You can follow @pat_jane_crypto.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
There are a lot of misconceptions about the Turkish diaspora in Germany. Since i just finished writing an essay about this topic I thought it's time to give other people
Read more
Las mejores calculadoras online en 2020A thread http://totumat.com/2020/11/26/las-mejores-calculadoras-online-en-2020/ Cuando se estudian asignaturas que requieren de cálculos complicados, nada mejor que contar con una buena calculadora.
Read more
Mitigating #ClimateChange is as much about taking up new techs as about leaving others behindMost studies focus on #coal's global downfall but another #energy tech decline is loomingRead my new
Read more