- #1059
Fei USD FEI
FEI Price
Market Cap
$14.85 MRank #1059FDV
$15.10 MRank #1311Investors
Twitter Followers
Twitter Performance
1189Rank by Twitter #751- 0
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- 4000
Detailed Performance
FEI shows Neutral behaviour against top cryptocurrencies, leading categories and blockchains over various time periods
FEI to USD Converter
Price History
- All-Time High
- $11.6912.18x to ATH
- All-Time Low
- $0.68181.41x to ATL
- Trade Launch Date
- 27 Oct, 2021
905 days ago
Fundraising
See more- ICO Price
- --
- Funds Raised
- $19.00 M
- Tokens Sold
- --
Exchanges
Exchanges type
About FEI
Fei USD is a stablecoin that is backed 1:1 by the DAI stablecoin. It is a digital currency designed to maintain a stable value relative to the US dollar. Fei USD is part of the Fei Protocol ecosystem, which includes various resources such as Github, documentation, a blog, governance mechanisms, a forum, and a community.
What makes Fei USD unique?
Fei USD (FEI) is unique compared to other cryptocurrencies in several ways.
First, FEI is backed 1:1 by the DAI stablecoin, which means that for every FEI in circulation, there is an equivalent amount of DAI held in reserves. This backing provides stability and helps maintain the value of FEI.
Second, Fei Protocol, the platform behind FEI, incorporates a mechanism called "direct incentives" to maintain the peg of FEI to the US dollar. These incentives encourage users to buy or sell FEI when its price deviates from the peg, helping to stabilize its value.
Third, Fei Protocol aims to be a decentralized stablecoin, governed by its community through on-chain governance. This means that decisions regarding the protocol's development and operations are made collectively by FEI holders.
Overall, FEI's backing, direct incentives, and decentralized governance distinguish it from other cryptocurrencies and contribute to its unique value proposition as a stablecoin.
Live Fei USD Price Data
The current price of Fei USD (FEI) is approximately $0.9598, reflecting a decrease of -1.25% in the last 24 hours. The FEI trading volume in the last 24 hours stands at $28,959.21. Fei USD's market cap is currently $14.85 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of FEI is 15.48 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Fei USD's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on FEI, check out our crypto insights page.
Tags
Official Links
FEI to USD Converter
Price History
- All-Time High
- $11.6912.18x to ATH
- All-Time Low
- $0.68181.41x to ATL
- Trade Launch Date
- 27 Oct, 2021
905 days ago
Fundraising
See more- ICO Price
- --
- Funds Raised
- $19.00 M
- Tokens Sold
- --