A new memecoin initiative is being launched by the founder of Tribe, which will involve the distribution of 1 billion tokens. The project includes a 70% airdrop, with 10% allocated to a chat group and 90% to holders of the Tribe. The announcement has garnered interest from various users, including notable figures such as Mike Tyson and Roger Stone, who have encouraged their followers to subscribe to the initiative for free. The early days of the Tribe project are being described as an interesting experiment.