Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from TribeOne and our guests were @Tan_DeFi and @mehdisuleman. The AMA took place on 22 June.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram community
Paul Mont | Satoshi Club: Hello Satoshi Clubbers! Today we are excited to announce our AMA session with TribeOne!
Andrés M. | Satoshi Club: Hello everyone. Is AMA time with an amazing project. Our guest @Tan_DeFi and @mehdisuleman are here.
Paul Mont | Satoshi Club: Hello guys, it’s a great pleasure for us to have you here at Satoshi Club: )
Mehdi | TribeOne: Hello everyone 😀
I hope you are doing well!
Tan | TribeOne: Hi, thanks for inviting us, great to be here
Paul Mont | Satoshi Club: Doing great indeed, thank you very much! We’re all super eager to know more about TribeOne!
Mehdi | TribeOne: I’m really excited to share 🤩😁
Tan | TribeOne: And we are super excited to share our project with the famous Satoshi Club ☺️🤩
Andrés M. | Satoshi Club: We are glad to have you here! 😃
Then, let’s begin, we can’t wait 😁
Please introduce yourself, what is your role into TribeOne?
Mehdi | TribeOne: Sure my pleasure!
My name is Mehdi Suleman, I carry over 20+ years of experience in the largest retail banks of the Middle East region, building products and teams with the inception to growing business with total value locked over $1.2 billion. Throughout my tenure, I worked in senior leadership roles overseeing business, operations & managing large cross-department teams. Now, I am the founder and CEO of TribeOne.
Tan | TribeOne: Hello everyone! this is Tan Ahmad, the Director of Partnerships with extensive experience of over 15 years resulting in a deep passion for crypto and understanding the business needs and aspirations. I have worked with reputable companies like deVere Group & Ibex Global. I aim to bring a lot of unbridled energy to build the TribeOne partnership ecosystem. Now, I am the Director of partnership at TribeOne.😎
Andrés M. | Satoshi Club: Great background, is an honor for us to know more about you!
Paul Mont | Satoshi Club: Your past experiences are very powerful business cards. It’s apparent that you’re bringing a lot of experience, competence and professionalism to the table 👍👍
Andrés M. | Satoshi Club: Now, please tell us in a nutshell what is TribeOne and what are the main products you offer?
Mehdi | TribeOne: Thank you 💪😀
Sure, that’s my favorite question 🤩
Tan | TribeOne: The whole idea is to bring financial professionals to the DeFi space 🤩
Mehdi | TribeOne: Well in a nutshell, TribeOne is the world’s first AI-powered NFT & DeFi funding platform backed by RAROC (Risk-Adjusted Returns On Crypto) technology, where we will be providing loans & lending options for both NFTs and crypto assets. TribeOne is an NFT, lending, borrowing, and saving platform that offers a seamless experience; to the users through its innovative consumer-centric products.
Paul Mont | Satoshi Club: It’s a great endeavor, yet we need this to happen to overcome the hurdles inherent with traditional finance! So hats off! 🔥🔥
Andrés M. | Satoshi Club: How did you come to this idea?
Mehdi | TribeOne: 1. NFT borrowing – Revolutionary tailor-made NFT centric products that TribeOne will offer to all
NFT Loans – Loans offered against NFTs as collateral
NFT Mortgage- Loans offered to buy NFTs
2. Poloka Loans-
– Loan to value upto 90%
– Automatic approval, no credit checks
– Zero fee and flexible repayment
– Optional insurance coverage through our DeFi Insurance Partner
3. Laiti Loans-
– Tailor-made loans for micro financiers offering low to zero collateralized loans
– Optional insurance coverage through our DeFi Insurance Partner
4. Mana Loans
– Low to zero collateralized loans
– Users get access to this product after creating a credit profile by paying their instalments on time
– Optional insurance coverage through our DeFi Insurance Partner
5. Sefe plans
TribeOne individual savings Plan
Weekly payout to your wallet
No lock-in periods or min deposit
Optional insurance coverage through our DeFi Insurance Partner
6. NFT pool invest
– Community based pool funding to invest in NFTs
– NFTs are evaluated by leading NFT appraisers
– DeFi insurance to cover impermanent loss
7. Tele yields
– Earn highest risk adjusted APY against stable coins
– Optional insurance coverage through our DeFi Insurance Partner
8.DeFi insurance products ( this is our add on after partnering with our DeFi insurance partner)
i)Gap Cover: Allows for users to have ample time to rebalance their crypto-asset within the safe limits to avoid it being foreclosed.
ii)Hack Cover: Insurance coverage provided in the event of user wallet being compromised
iii)Credit Shield: Insurance to protect user crypto assets up to 80% of the market value.
Andrés M. | Satoshi Club: Wow a big ecosystem of products, great job😁👏
Paul Mont | Satoshi Club: There’s a lot to cover and we want to flesh out all the details!
Let’s get on with the community questions, shall we? So that we can satisfy our Satoshi Clubbers deep curiosity about Tribe One 😉
Mehdi | TribeOne: Well that’s an interesting story, I’ll try to keep it short 🙈
The seed was probably sown during the first bull run back in 2017 where the hype around bitcoin overshadowed the utility of blockchain. Once the dust settled down, it was the introduction of the revolutionary DeFi concept that connected the dots between the traditional ways of finance and the crypto world.🌏
The current market leaders for DeFi lending have done a great job in connecting users to a new way of conducting financial services however they were disconnected from the majority of the user base due to complexity. That’s where the Eureka moment struck about why can’t users have a more simpler way of conducting financial services. And that’s how the idea of TribeOne was proposed!
Of course 🚀🚀
Andrés M. | Satoshi Club: Great history behind a great project, thank you so much for the intro guys💪
Paul Mont | Satoshi Club: Beautiful and brilliant introduction! Thank you very much for your thoroughness!
Mehdi | TribeOne: 😊👍
Paul Mont | Satoshi Club: So let’s start now with the very first community question for the AMA 🙂
Q1 from Telegram User @samuelr21
We know that TribeOne has as one of its visions for the future the creation of products for the contribution to the Defi space and thus maximize their return, when they talk about the creation of products to which they refer and what function this product will have to maximize The return of finances? How will these products be new techniques or will they be just incentives to make users dedicate themselves to continue to be attached to you? Will these products be new tokens or some particular function?
Tan | TribeOne: TribeOne aims to bring improvement and innovations to the DeFi world. Currently the lending space within DeFi is overly collateralized. This situation is not in favour of the borrowers and is not giving back enough to them. We are launching a first all-in-one platform with consumer centric features like NFT funding, low to zero collateralized loans, loans to micro financiers, DeFi insurance. There is no such platform out there which solves all the user needs at one place.
Andrés M. | Satoshi Club: I have seen $HAKA as your main token, what are its usecases?
Tan | TribeOne: We aim to make TribeOne a one-stop-shop for the financial solutions of the users hence adding value for the users where users are able to avail benefits of low to zero collateralized loans, microfinanciers are able to get advantage of these features along with the DeFi insurance products to make sure that the users are protected against price volatility, hacks and exploitation.
Mehdi | TribeOne: There are! listed are some of the utilities
Staking Rewards:
For holding $HAKA users have access to slot allocation, additional discounts on loans and Lowered interest rates.
P2P Risk Assessment & Governance Rewards:
$HAKA is allocated as an incentive for participating in risk assessment & Governance
Slot Allocation On NFT Financing:
Depositors of cryptocurrencies in TribeOne will receive $HAKA.
Zero- to Low-Collateralized Loans:
For low collateralized loans, users only need to provide 20% of the loan as collateral.
Early Repayment Rewards:
If users settle their low- or zero-collateralized loan early, they will be rewarded in $HAKA.
Staking Discounts:
Users will also have the option to stake $HAKA tokens and earn staking rewards.
Andrés M. | Satoshi Club: Interesting concept btw.
A lot of good benefits for holders, how to buy the token?
Paul Mont | Satoshi Club: Now, that’s called attaching real utility to a token 😉
Tan | TribeOne: That’s one question that I have been anxiously waiting to answer for a few months..🤩

We are having our triple IDO for Ignition, Red Kite and BSC Station tomorrow 🚀🦾..
Paul Mont | Satoshi Club: Congratulations guys! This an early, yet wonderful milestone for the project! 🚀🚀🚀
So, that also means that tomorrow $HAKA will be listed!
Tan | TribeOne: I would request the Satoshi Club to follow 👀 our socials to stay updated about the IDO! 😎📢
Telegram- https://t.me/tribeone ; https://t.me/tribeone_ann
Twitter- https://twitter.com/tribeonedefi
Medium- https://bit.ly/3biA4ex
LinkedIn- https://www.linkedin.com/company/tribe1
Website- https://www.tribeone.io/
Please follow the social handles😌📢
Paul Mont | Satoshi Club: What time will be the public listing ?
Yes, Satoshi Clubbers, join up and get your notifications on! 🔥🔥🔥
Andrés M. | Satoshi Club: Of course, let’s join Satoshi Clubbers, a great opportunity for all of you🥳
Well, thank you so much for the detailed and clear answers, are you ready for the next question?
Tan | TribeOne:

We haven’t announced it publicly and Satoshi Club is the first one to know about the timings.🤩🚀🦾
Thank you very much guys, you rock! 💪💪💪
Andrés M. | Satoshi Club: Thank you so much for give us this big announcement first 🥳🥳🥳 it’s an honor
Tan | TribeOne: Please take part in the IDO to make it a success 🚀🚀🥳🥳🤩
Andrés M. | Satoshi Club: We wish you a great success on it 😃👏
Mehdi | TribeOne: Appreciate that guys! 😀
Q2 from Telegram User @yusbe22
TribeOne will use throughout the process of loans to users through the P2P system, leaving the scheme used by other centralized types, giving much more ease and fluidity of transactions, they will use the same methods and techniques in terms of security that other projects use such as verification by KYC providing users with a less risky experience regarding the loss of their finances, what kind of security do they handle regarding the handling of finances? Will they perform some kind of audit on users? How secure are their smart contracts, could you tell me something about it?
Mehdi | TribeOne: Wow….its like 3 questions in 1 😀
Paul Mont | Satoshi Club: That’s indeed a very in-depth question 🙂
Andrés M. | Satoshi Club: Yes, take your time please😁
Mehdi | TribeOne: TribeOne foresees such concerns and has proactively integrated certain safeguards to protect the investors as well as the borrowers. Our smart contract will be audited by a leading security agency. Along with AI based financial actuary; we have our very own superhero RAROC(RAROC stands for Risk Adjusted Returns On Crypto to fight through all barriers. Let me explain to you what RAROC) is in simple terms because that is the key to ensuring the safety of TribeOne’s ecosystem; it evaluates the risk factor on the user which would imply KYC hence giving investors that level of comfort prior to investing. We would also be partnering with reinsurance protocol, to provide additional risk coverage that gives an additional layer of protection.
Andrés M. | Satoshi Club: We are happy to know that everything is SAFU💪
Paul Mont | Satoshi Club: So a bit like ROI, RAROC is instead a more advanced indicator, especially crafted for crypto assets/project risk evaluation and return?
Tan | TribeOne: Just to add on –
TribeOne will be offering additional insurance products through our DeFi insurance partner. These products will include:
Gap Cover:
Allows for users to have ample time to rebalance their crypto-asset within the safe limits to avoid it being foreclosed.
Hack Cover:
Insurance coverage provided in the event of user wallet being compromised
Credit Shield:
Insurance to protect user crypto assets up to 80% of the market value. TribeOne liquidity threshold works like an airbag. As we understand the volatile nature of crypto, the organization will offer an additional buffer of 35% making it up to 125% liquidity threshold. In comparison, the competitors provide an average liquidity threshold value of up to 90%.
The users will also be provided an option which gives a 7 days buffer for the token price to bounce back. With the user opting for yield farming, the profit earned off the collateral will be used to pay the insurance. Unlike other competitors which liquidate at 90%, TribeOne is able to extend the liquidity limit to 125% to avoid early liquidation of user’s loan.
Paul Mont | Satoshi Club: Definitely, with these features in place safety is not a concern. Great design!
Mehdi | TribeOne: the concept was to replicate the underwriting process which we did in our previous career as bankers; it doesn’t permanently avoid risk but it mitigates it to allow for business to grow
Andrés M. | Satoshi Club: Thanks for the clarification, would you like to add something before the next question?
Then let’s proceed😁
Tan | TribeOne: RAROC is TribeOne’s proprietary “Digital brain” that evaluates the risk for investors by profiling borrowers based on their repayment track record so that a potential investor would be able to assess their investment decision.
RAROC is our proprietary risk algorithm that provides TribeOne to mitigate risk when issuing loans hence maintaining a low loss rate and allowing it to integrate across a broad spectrum of industry verticals in a space with limited access to centralised third-party data sources.
Q3 from Telegram User @indahmaryam
I saw that TRIBEONE is first project that give loan against NFTs and also for cryptos too it also provides insurance against liquidation and hack tribe one is all one Defi+NFT.What about fundamentals? And when will you announce your Vcs list which I heard also solid.
Tan | TribeOne: Coming from the financial background, we understand the issues and the flaws of the traditional financial world and can also see what users want in the DeFi space. Therefore all our products are completely user centric and user friendly. The product line ranges from NFT & crypto assets lending/borrowing and even loans for microfinanciers. Right from investors who want to invest in well value NFTs and make beneficial returns to microsfiancers who lack funds to start their business. Hence our products can be used by all.😊
We are proud to have an impressive list of VCs who have been supporting us right from the start in providing strategic advice to improve our project. The list of VCs is displayed on our website under the title of Our Backers. Additionally TribeOne is backed by prominent VCs such as FomoCraft Ventures, X21 Digital, Spark Digital, Titan Ventures, Kyros Ventures, and many others.
Paul Mont | Satoshi Club: The names listed here are truly impressive 👏👏
So lending and borrowing services will be available to enterprises as well?
Mehdi | TribeOne: It would be but there would be profiling done centrally on the borrowers for enterprise / SME considering there is inherent risk when lending to business; its great to offer up funding to help SME grow but we have to ensure that the capital of the lenders are protected
Paul Mont | Satoshi Club: That’s fair and honestly I appreciate the extra layer of safety. That goes in the direction of every stakeholders’ interest 👍
Andrés M. | Satoshi Club: Applauds for those great ideas👏
Now is time to proceed with our 4th question🥳
Q4 from Telegram User @Jonahapagu
TribeOne has different loans on its platform which are; Poloka Loans, Laiti Loans and mana loans and the timeline for the launch of this loan services is indicated on your roadmap as well. So Can you explain this three loan services, how are the three Loan services different from each other, what are the features of each of this three loans, and how can users of TribeOne participate in the Poloka, Laiti and Mana loans.
Andrés M. | Satoshi Club: Partially covered, please tell us more about how to join those financial products😃
Tan | TribeOne: TribeOne will be providing this facility by removing the collateral requirement that is key to crypto breaking out into global debt markets. DeFi has a massive opportunity to transform access to capital, but it will only be possible once we can issue loans without collateral.
The process of lending would be done similarly to what our team is well experienced in, whereby underwriting loans for SME and corporates. Hence the loans would only be granted to businesses where the profiling and credit risk undertaking has been undertaken. This process of approval/decline will eventually be moved to the community once data has been collected for them to make an informed decision.
The details of the three loan products are follows:
i) Poloka Loans
– Loan to value upto 90%
– Automatic approval, no credit checks
– Zero fee and flexible repayment
– Optional insurance coverage through our DeFi Insurance Partner
ii) Laiti Loans
– Tailor-made loans for micro financiers offering low to zero collateralized loans
– Optional insurance coverage through our DeFi Insurance Partner
iii) Mana Loans
– Low to zero collateralized loans
– Users get access to this product after creating a credit profile by paying their instalments on time
– Optional insurance coverage through our DeFi Insurance Partner
Andrés M. | Satoshi Club: Are you planning to introduce another product?
Mehdi | TribeOne: We are currently working on this; its quite close to what built my career where we will link NFT with real estate; this would entail a lot of ground work as it would be working close with the local real estate authorities but considering our experience we should be best equipped to handle this 😉
Paul Mont | Satoshi Club: Sounds utmost promising👍🔥
Andrés M. | Satoshi Club: Thank you so much for the sneak peek😁. Time to go with our 5th question
Paul Mont | Satoshi Club: Here it comes 🙂
Q5 from Telegram User @andrey_seleznov
You promise zero to low Collateralized Loans. The user will have to provide only 20% of the loan as collateral in $HAKA to access lending options. Users with good credit history would be eligible for zero collateral. Could you please explain how you plan to cover the loan with such a small portion of the collateral? What do you estimate will be the liquidation point with such a small collateralization?
Mehdi | TribeOne: These loans would be limited to “good” users hence we limit the user base who would be eligible for these loans; the concept of providing these loans was to rewards users who are performed well on standard collateralized loans. There is always risk when giving loans without collateral so that’s why these loans would carry a higher interest earning which mitigates the risk and the way we have structed these loans is that we have collaborated with our DeFi insurance partner to carry a certain part of the risk and we have made provisioning in our treasury to compensate in the event of bad debt; as the users of these loans will have to carry history with us; there would be no liquidation point for these loans.
Andrés M. | Satoshi Club: So, could you please share us your roadmap? What else is coming for you into the second half of 2021?
Tan | TribeOne: TribeOne is on the run to achieve milestones throughout its journey. We have successfully completed our first two quarters as per our roadmap planning.
Our initial milestone is going to be fulfilled tomorrow, on 23rd June, when TribeOne will have a Triple IDO on BSC Station, Red Kite and Paid Ignition. 🚀🦾
We are working on building our platform initially on the Binance Smart Chain and then migrate to the Polkadot network once the mainnet is live.
Our initial aim is to catch the wave of NFTs, by focusing on launching our NFT platform. Therefore, our NFT platform is planned for our third quarter because we want the users to experience our platform as soon as possible hence aiming to have our MVP launched within a few weeks of the IDO itself.
In the later quarters we would launching our loans for individuals and SME platforms, investment products and insurance products.🚀
TribeOne is all about innovative, consumer-centric products. We will keep working hard to enhance user experience and make products which can be beneficial for all. We will keep on adding more weapons to our armory and sky is the limit 🤩
I would say there are a lot of interesting things to look out for so please join our socials!🤑
Telegram- https://t.me/tribeone ; https://t.me/tribeone_ann
Twitter- https://twitter.com/tribeonedefi
Medium- https://bit.ly/3biA4ex
LinkedIn- https://www.linkedin.com/company/tribe1
Website- https://www.tribeone.io/
Andrés M. | Satoshi Club: A lot of amazing events coming, don’t forget to share the announcements with our community!
Paul Mont | Satoshi Club: Yes, please keep Satoshi Club in the know! 👏👏
Mehdi | TribeOne: of course 😎😎
Q6 from Telegram User @highpee
Your platform will introduce “NFT Slot Allocation” which will grant users exclusive perks, access to exclusive private auctions and special features. What is needed for a $HAKA holder to be granted an NFT Slot Allocation? Will this work like the guaranteed allocation used in launchpad which grants users that hold a certain amount of token a guaranteed place to first buy a token when a new project is launched? How will user be able to enjoy special discounts and be the first set of buyers to purchase newly minted NFT? What type of private auctions can users have access to as a result of being granted this slot allocation privilege?
Mehdi | TribeOne: This feature is to reward holders with the benefits we are able to provide them through the collaborations we undertake with NFT markets places. Holders would be granted first right of refusal on exclusive NFT launches and a host of other privileged benefits not accessible to a regular users on the NFT market place platform. The amount of $HAKA holding would be broken down to different categories each offering different rewards.
Andrés M. | Satoshi Club: And that’s it for this first part of the AMA, 6/6 questions👏
Thank you @mehdisuleman and @Tan_DeFi for this amazing first part, your answers where so clear and detailed
Paul Mont | Satoshi Club: We will now open chat for 2 minutes and our community will ask you some questions 🙂
Tan | TribeOne: As we have our IDO tomorrow and knowing the following of Satoshi club, we wanted to make sure that your audience understands our project completely so they can take part in making it a success
Andrés M. | Satoshi Club: Yes I think it was, now our users have the opportunity to ask you personally.
Part 2 — live questions from the Telegram community
Q1 from telegram username @PyaraLarka
What is the Benefits of your recent Partnership with $LINK?
$HAKA X $LINK
Mehdi | TribeOne: We just announced this today! 😀😀 By integrating Chainlink’s industry-leading decentralized oracle network, TribeOne will have access to high-quality, tamper-proof price feeds for our NFT and DeFi lending and borrowing platform. This will provide our users with strong assurances that they have access to the most authentic and updated price feed in the crypto sphere.
Q2 from telegram username @JoanaZ
➡️➡️ I have understood that TribeOne team have experience working on traditional Finance, so can you tell us how TribeOne is able to connect Decentralized Finance with the Traditional finance?
Tan | TribeOne: TribeOne’s main aim is to revolutionize through evolution together and bring in an era of advanced user centric DeFi financing. However the plus point of TribeOne is that we do not have any overhead which are associated with the real-world companies hence we don’t burden the users with additional charges.
TribeOne does solve a lot of real world traditional financial problems like Lack of Transparency, Unequal access to financial services, Counter-party risk, Time-consuming and Rigid infrastructure. We aim to overcome all these issues by introducing a range of user centric products like zero to low collateralized loans, NFT funding platform and DeFi insurance add-on provided after our strategic partnerships, all for safeguarding our users.
We all dream to have a perfect marriage of traditional finance and the DeFi world where we can have all the benefits of the traditional banking system and also enjoy the perks of DeFi. TribeOne became the reality of that dream. ☺️
Q3 from telegram username @mobileljii
✅✅ what are the security concerns and measures adopted by Tribe one to make funds secure and safe? will you do any third party audit?
Mehdi | TribeOne: That’s a very good question! 🤩
TribeOne foresees such concerns and has proactively integrated certain safeguards to protect the investors as well as the borrowers. Our smart contract will be audited by a leading security agency. Along with AI based financial actuary – RAROC we are also collaborating with DeFi insurance providers who will provide coverage and protection against market volatility, hacking, and credit risk.
We have our very own superhero RAROC to fight through all barriers. Let me explain to you what RAROC is in simple terms because that is the key to ensuring the safety of TribeOne’s ecosystem. We would also be partnering with reinsurance protocol, to provide additional risk coverage that gives an additional layer of protection.
Q4 from telegram username @Gen_Block
How TribeOne spread the awareness rapidly around the space about the exposure of project? Is this global project so everyone from every where can join? This is great project anyway. Thanks 👍
Tan | TribeOne: TribeOne believes in evolution together regardless of any geographic, cultural boundaries. An evolution that grows together and a community that shines together.
TribeOne is created not only to be financially inclusive but also to have connection with the different communities globally, for that reason we have onboarded multiple influencers from various countries to ensure that the message of TribeOne that is spread in their local languages so as to avoid loss in translation situations. This is one way we acquire global reach.
We created this platform, not only to be financially inclusive but also to have connection with the different communities globally, for that reason we have onboarded multiple influencers from various countries to ensure that the message of TribeOne that is spread in their local languages so as to avoid loss in translation situations. This is one way we acquire global reach.
All our products are completely user centric and user friendly. The product line ranges from NFT & crypto assets lending/borrowing and even loans for microfinanciers. Right from investors who want to invest in well value NFTs and make beneficial returns to microfiancers who lack funds to start their business.Hence our products can be used by all.😊
Q5 from telegram username @atillayeni
What is the reason of you to name this project as TribeOne? Why not HAKA Defi?
Mehdi | TribeOne: The concept of TribeOne draws some of its inspiration from the Samoan culture which focuses on family, unity, respect and working together as a community. Our products are named after the different tribal words. Our token $HAKA means war dance that indicates the power of holding the token with victory.
The seed was probably sown during the first bull run back in 2017 where the hype around bitcoin overshadowed the utility of blockchain. Once the dust settled down, it was the introduction of the revolutionary DeFi concept that connected the dots between the traditional ways of finance and the crypto world.🌏
The idea behind the name TribeOne was our aim to bring the community together and provide them with a one-stop-shop for all their financial needs. Our motto “Be your own Bank” is a revolution that breaks through the barriers of traditional financial systems. The barriers like lack of transparency, unequal access to financial services, rigid infrastructure that are faced by users while opting for financial products.
TribeOne believes that the users should manage their own finances and must be aware of where their hard earned money lies.
In short we want to build a strong community like a Tribe and move ahead towards success as One hence the name TribeOne 🤩😄💪🚀
I guess I got a bit emotional as it is too close to my heart. 🤩
Q6 from telegram username @Cheriemike
Do you have any plans for Token Burning in other to increase Token value that will attract Investors to invest?
Tan | TribeOne: I am impressed that you are following our project closely. 😍
We do have a token burn in place, where 10% of the profit earned from every successful transaction is used to ensure we have a deflationary ecosystem i.e. the burn will continue till the total supply is reduced to 50% hence more value for money for HAKA holders. We foresee TribeOne being a bridge between the traditional banking users and the DeFi space so we can bring greater adoption within the crypto ecosystem by providing user centric financial products to benefit all users. 🦾🚀😎
Q7 from telegram username @messilolz
among the different loans provided by your platform which is better MANA loans ,or Poloka loans?
Mehdi | TribeOne: Poloka Loans are similar to your collateralized loans so the journey would be the same for most users as they would experience in other lending platforms’,; Mana loans would be a step up from Poloka loans where based on how the user performed on loans taken on Poloka they would be eligible to take out a Mana loan which would allow for Zero or low collateral loan being given. The penalty for delayed payment would result in the interest rate being revised till the loan is repaid in full.
Q8 from telegram username @adaatalay
What makes TribeOne different from other similar projects?
Mehdi | TribeOne: TribeOne aims to bring improvement and innovations to the DeFi world. Currently the lending space within DeFi is overly collateralized. This situation is not in favour of the borrowers and is not giving back enough to them. We are launching a first all-in-one platform with consumer centric features like NFT funding, low to zero collateralized loans, loans to micro financiers, DeFi insurance. There is no such platform out there which solves all the user needs at one place.
Q9 from telegram username @DK177
💰💰💰 What makes you to think TribeOne will get attention during this bear market? Where do you see yourself during next 5-10 years? @Tan_DeFi @mehdisuleman
Mehdi | TribeOne: So you mean 50 years in crypto time 🙂
Well, TribeOne is all about innovative, consumer-centric products. We will keep working hard to enhance user experience and make products which can be beneficial for all. We will keep on adding more weapons to our armory and the sky’s the limit 🙂
So I would say there are a lot of interesting things to look out for so keep a watch on our socials!
Q10 from telegram username @Korryl
I read that Tribe One are building platform on the Binance Smart Chain, yes I know that BSC really popular which fast and small gas fee, but do you have plan to do bridge to other chain like solano, matic or polkadot?
Tan | TribeOne: I agree with that comment. After noticing that the gas price of Ethereum is high and it’s added cost for the users. So after evaluating, we felt that it is a better option is to build on Binance smart chain initially and then migrate to the Polkadot network once the mainnet is live and our tech teams are comfortable with the migration to ensure smooth transition.
TribeOne we have the vision of making our platform accessible across all the different blockchains hence our tech team is working on enhancing our cross chain interoperability and besides ETH, BSC and DOT, we will also work on adding more chains to our armour.
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
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