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Detail

Faith Connexion’s FTRB Token Pegs to Faith Tribe’s Physical Clothing, Unites Global Brands

Faith Tribe (FTRB) brings together global community designers, artists, bloggers and brands. FTRB pegged its token price to Faith Tribe’s physical clothing. The crypto world...
Faith Connexion’s FTRB Token Pegs to Faith Tribe’s Physical Clothing, Unites Global Brands Faith Connexion’s FTRB Token Pegs to Faith Tribe’s Physical Clothing, Unites Global Brands

  • Faith Tribe (FTRB) brings together global community designers, artists, bloggers and brands.
  • FTRB pegged its token price to Faith Tribe’s physical clothing.

The crypto world continues to be acknowledged by different industries around the world. This time, Faith Tribe (FTRB), a network that brings together global community designers, artists, bloggers and brands introduces a new concept that enables their native token price to be pegged to the value of a clothing item.

The feature of the network is similar to the stablecoins in the market that are pegged to gold and dollars. However, the network pegged its token to Faith Tribe’s physical clothing. In addition, all Faith Tribe products created will be quoted in FTRB which made the product price remain the same. In this way, the price of the merchandise will not change as it did originally even if the price of FTRB surge or dive in the market.

Faith Tribe (FTRB) is the DAO project of Faith Connexion, a Parisian luxury fashion brand that is making an entry into blockchain. The Faith Tribe aims to empower the individual designer or artist to create, mint and sell garment designs as both NFTs and physical fashion items, all on one blockchain-based platform. It is also the first fully decentralized and community-owned ecosystem for the collaborative creation of fashion items.

The FTRB token can be used to make transactions such as purchasing items of clothing and any physical products available on the Faith Connexion using $FTRB.

On the other hand, pegging the price of a cryptographic utility token to an item of clothing provides a different element of stability. Faith Connexion’s innovative approach is expected to inspire many in the world of decentralized finance and NFTs. Potentially, projects like Faith Tribe could cause a ripple effect or trend where more projects will put safeguards in place to ensure their communities can still benefit from their tokens, regardless of its price.

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21-01-2022 02:46:52 (UTC+7)

EUR/USD

1.1331

+0.0022 (+0.19%)

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↑ Sell

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EUR/USD

1.1331

+0.0022 (+0.19%)

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GBP/USD

1.3578

-0.0016 (-0.12%)

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USD/JPY

113.84

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Neutral

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AUD/USD

0.7196

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USD/CAD

1.2519

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EUR/JPY

128.99

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EUR/CHF

1.0369

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US Coffee C Futures

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52.70

+0.58 (+1.11%)

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+1.00 (+0.45%)

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Adidas AG

255.65

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Deutsche Lufthansa AG

7.093

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11.676

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 EUR/USD1.1331↑ Sell
 GBP/USD1.3578↑ Sell
 USD/JPY113.84Neutral
 AUD/USD0.7196↑ Buy
 USD/CAD1.2519Neutral
 EUR/JPY128.99↑ Sell
 EUR/CHF1.0369↑ Buy
 Gold1,839.65↑ Sell
 Silver24.560Neutral
 Copper4.5355↑ Buy
 Crude Oil WTI84.34↑ Buy
 Brent Oil87.31↑ Buy
 Natural Gas3.927Neutral
 US Coffee C242.75↑ Sell
 Euro Stoxx 504,299.61↑ Buy
 S&P 5004,482.73↑ Sell
 DAX15,912.33↑ Buy
 FTSE 1007,585.01↑ Buy
 Hang Seng24,898.00Buy
 Small Cap 20002,024.04↑ Sell
 IBEX 358,814.60↑ Buy
 BASF67.440↑ Buy
 Bayer52.70Neutral
 Allianz224.80↑ Buy
 Adidas255.65↑ Sell
 Lufthansa7.093↑ Sell
 Siemens AG146.90↑ Buy
 Deutsche Bank AG11.676Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,125/ 6,165
(10/ 10) # 1,122
SJC HCM6,120/ 6,180
(10/ 10) # 1,137
SJC Hanoi6,120/ 6,182
(10/ 10) # 1,139
SJC Danang6,120/ 6,182
(10/ 10) # 1,139
SJC Nhatrang6,120/ 6,182
(10/ 10) # 1,139
SJC Cantho6,120/ 6,182
(10/ 10) # 1,139
Cập nhật 21-01-2022 02:46:54
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RON 95-IV2437024850
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E5 RON 92-II2315023610
DO 0.05S1823018590
DO 0,001S-V1858018950
Dầu hỏa1713017470
ↂ Giá dầu thô thế giới
WTI$84.23-0.34-0.40%
Brent$86.72-0.09-0.11%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.450,0022.760,00
EUR24.965,0926.364,70
GBP29.963,4031.243,06
JPY192,94204,24
KRW16,3919,97
Cập nhật lúc 14:44:47 21/01/2022
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