Fei Protocol Review – Is Fei Protocol Legit or Scam

Fei Protocol review

Fei Protocol Token is another fast rising coin in the cryptocurrency market today.

On this article, we are going to review Fei Protocol.

Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.

About Fei Protocol

Fei protocol is an algorithmic stablecoin for DeFi. Fei Protocol runs on two crypto assets: FEI stablecoin and TRIBE governance token. FEI is based on a novel kind of stablecoin mechanism called direct incentives. It aimed to be more capital efficient, feature a fair distribution and to be fully decentralized.

Fei Protocol Supply

There are 2.04B FEI in supply.

Pros of Fei Protocol

  • A lot of investors are ‘flocking’ to invest
  • It is now listed on Coinbase
  • They are fully decentralized

Cons of Fei Protocol

  • The coin is still under development
  • Multiple issues with its synchronizations between ledgers

Is Fei Protocol Legit or Scam?

Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear and most have also given up.

According to research, Fei Protocol is not a scam coin. It has been listed on top cryptocurrency wallets like Blockchain, Binance and lots more.

Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Fei Protocol on the comment section below. Don’t forget to rate and leave a review.