TribeOne AMA recap with CryptoSociety on 19th May 2021 with Tan & Mehdi
Tan | TribeOne
Hey guys great to be here !! 🤩🦾
Bilo 2000
It’s our pleasure to have you with us today Tan and Mehdi. I would like to welcome you here on behalf of our entire community
Mehdi | TribeOne,
Hey everyone! excited to be here!
😃
Bilo 2000
Could we begin with a brief history of yourself and your team and your roles at TribeOne and what you were doing before TribeOne?
Mehdi | TribeOne
Hi guys, It’s nice to see you all!😄
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 a 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.
Bilo 2000
Live AMA with TribeOne
Awesome resume — It’s our pleasure to have you with us
Tan | TribeOne
Hello everyone! I am 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.😎
Also, we would like to mention our head of credit risk, Amr Ezzat who has worked in the largest banks in the financial risk space as a remarkable senior risk analyst with over 10 years of building credit financial modeling for underwriting retail & wholesale risk portfolios. He is our Head of Credit risk at TribeOne.
Bilo 2000
Thank you so much for the intro. You guys obviously bring so much valued experience to your project.
How did TribeOne start?
Tan | TribeOne
@Bilo_2000, get ready for a long reply 😂😂😁
Bilo 2000
hahaha — go for it
Mehdi | TribeOne
Thanks for the question!
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!😎
Bilo 2000
This is so interesting to me. I love to see how it all started…
Thanks for that
How would you describe TribeOne’s if you were talking to someone unfamiliar with digital assets?
Tan | TribeOne
That’s an interesting question, let me explain it to you in simple terms, all in the form of an example.
Let’s take a bank for instance,
Every individual goes to a bank to deposit money, open a savings account, borrow money via loans, even get finance to buy a car or a house. We are building a similar platform that provides all these features but in a decentralized space hence more secured and advanced way with a more user centric approach.
So the TribeOne users will have the same accessibility of lending, borrowing and investing money in a much secure way. They’ll be backed by our superhero RAROC (Risk-adjusted return on crypto) who will mitigate all the risk.
TribeOne also brings you a unique opportunity to invest, borrow and lease in NFTs, the newly discovered gem of the DeFi sphere. Users will be able to get loans against their NFTs, get a loan to purchase an NFT and also the ability to pool invest in NFTs.
Mehdi | TribeOne
Tan he said to keep it simple….
Tan | TribeOne
By the way just to introduce our super hero RAROC… 🤩🦾
Bilo 2000
Hahahaha — that’s very impressive.
Tan | TribeOne
[In reply to Mehdi | TribeOne]
Lol I did... I guess I got carried away 🙈
Bilo 2000
How could you not? The passion can NOT be tamed
🔥
Mehdi | TribeOne
🤩
Bilo 2000
You have four different types of borrowing — kindly explain each one and why you chose those categories specifically
Mehdi | TribeOne
Yes, let me take you through our four types of products under borrowing in brief:😊
i) 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 NFT
ii) 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
iii) Laiti Loans-
- Tailor-made loans for micro financiers offering low to zero collateralized loans
- Optional insurance coverage through our DeFi Insurance Partner
iv) Mana Loans-
- Low to zero collateralized loans
- Users get access to this product after creating a credit profile by paying their installments on time
- Optional insurance coverage through our DeFi Insurance Partner
Bilo 2000
Can you tell us a little more about NFT’s and your loans — NFT’s are still an alien word to many…
Tan | TribeOne
NFT = Non-Fungible Token
NFT is unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files.
TribeOne brings you a unique opportunity to invest, borrow and lease in NFTs, the newly discovered gem of the DeFi sphere. Users will be able to get loans against their NFTs, get a loan to purchase an NFT and also the ability to pool invest in NFTs.
Bilo 2000
That’s amazing — thanks
What is the TribeOne token used for? Can you describe Tokenomics and features such as staking etc…?
Mehdi | TribeOne
Yes for sure let’s get technical 🤩
The Token Ecosystem was designed to ensure the holders remain engaged by using the $HAKA token. So the usage is well rounded where token holders would be able to access the following benefits:
Discounts on loans rates
Access to zero to low collateral loans
Staking Rewards
Exclusive access to NFT launches with our partner marketplaces
Rewards on early repayment
Bilo 2000
👀
I see that the project team tokens will be locked for 12 months and then vested over 12 months. That’s an excellent sign from an investor’s perspective. What propelled you in this direction and how difficult was it to achieve team buy-in
Tan | TribeOne
Thank you for bringing this up... I am impressed to see that the community is taking interest in our project...😍👍🏼
LB
Mehdi | TribeOne
🤠
Tan | TribeOne
TribeOne is here for good and we want the community to feel the same way. The best way to make the rest confident in our project is to lead from the front. We are proud to have assembled a team of individuals who are closely knit for the progress and success of the project. We are like a Tribe and we work as One. Hence the longevity and triumph of the project is of ultimate priority for all of us. If you have a team that works with only the aim to make the project successful, then these factors become less important. As the founder, it wasn’t difficult at all to propose the locking period, in fact, the team collectively agreed to it for the long-term prosperity of our platform.
Mehdi | TribeOne
💪
Bilo 2000
Could you please provide us with some challenges TribeOne has faced but overcome?
Mehdi | TribeOne
That is a really good question🤩, I think the concept of RAROC was initially a challenge. However, this was a gap that, as a former banker, I felt in the crypto world and wanted to fill. The motivation to make things better for all pushed me and that introduced RAROC (RAROC stands for Risk-Adjusted Returns On Crypto) as the solution for the majority of the hurdles in the ecosystem.
Bilo 2000
What do you look for in a strategic partner and can you tell us about other partnerships you are working on?
Tan | TribeOne
That’s my question 😁 🙋🏻♂️
Bilo 2000
No fights guys 🤣
Tan | TribeOne
We look for a family of VCs, influencers and partnerships which will boost our platform’s performance and will complement our products. We look for individuals and groups who are able help the project grow to the highest levels through their expertise, technology and reach within the crypto world.
Tan | TribeOne
For our current partnerships the announcements would be released on our official channels soon! I am really excited about it. That’s all I can say for now. 😊🤐
Bilo 2000
We will try to be patient😕
Tan | TribeOne
However, you can join our social media channels to stay updated about our upcoming partnerships!
Telegram- https://t.me/tribeone
Twitter- https://twitter.com/tribeonedefi
Medium- https://bit.ly/3biA4ex
LinkedIn-https://www.linkedin.com/company/tribe1
Website- https://www.tribeone.io/
Bilo 2000
What are you currently working on and can you describe your future roadmap?
Tan | TribeOne
Patience is virtue bro 😌😇
Bilo 2000
Ya but it’s hard
Mehdi | TribeOne
Well, we are currently working on catching the wave of NFTs, by focusing on launching our NFT platform first according to our roadmap that’s planned for our first quarter. Followed by our second quarter we are building our platform initially on the Binance Smart Chain and then migrate to the Polkadot network once the mainnet is live. The second quarter would consist of launching our NFT funding platform. In the later quarters we would launch our loans and SME platforms.🚀
Bilo 2000
Really cant wait to see all that TribeOne will achieve. We are all looking forward to it and are very excited by your project.
One last question: When is TGE and listing?
Tan | TribeOne
Thank you ☺️
Mehdi | TribeOne
We are planning to do this by mid of next month…..so keep checking our social channels
Bilo 2000
Great — can’t wait
Thank you for your time in answering our questions here today. We are all very appreciative of your time and of the answers you have provided
Tan | TribeOne
That’s our announcement channel...
Along with the below channels that you guys can join to stay updated
Telegram- https://t.me/tribeone
Twitter- https://twitter.com/tribeonedefi
Medium- https://bit.ly/3biA4ex
LinkedIn-https://www.linkedin.com/company/tribe1
Website- https://www.tribeone.io/
Bilo 2000
With this, we will open up the chat for those who wish to personally thank you for your time with us here today.
Tan | TribeOne
It was an awesome session, really enjoyed it 😍
Let’s do this!
Bummed Trader
What are your major goals to achieve in the next 3–4 years? And What are your plans to expand and gain more adoption?
Tan | 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 is the limit :)
We are currently working on catching the wave of NFTs, by focusing on launching our NFT platform first according to our roadmap that’s planned for our first quarter. Followed by our second quarter we are building our platform initially on the Binance Smart Chain and then migrate to the Polkadot network once the mainnet is live. The second quarter would consist of launching our NFT funding platform. In the later quarters we would launch our loans and SME platforms.🚀
So I would say there are a lot of interesting things to look out for so keep a watch 👀 on our socials! 😎📢
K A S H I | Invester | Hunter Gem | Trader
What makes YOUR PROJECT stand out in comparison to other blockchain projects?
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 that solves all the user needs in one place.🦾🤩
Nokul
There is no project that can ever guarantee the 100% Safety & security of their platform right? So what is your plan to do that?
Mehdi | TribeOne
That’s true, hackers are always learning to break through, from our end we keep ourselves covered by ensuring there are no gaps in our smart contracts, for that we have onboarded with a leading Auditor to ensure that we are protected from any loopholes
HancerBurak
STAKING is a very popular topic recently. Please tell us in detail about the $HAKA Staking plan and the benefits of adding staking?
Tan | TribeOne
Well, TribeOne is here to stay for all its users, so that we can redefine the DeFi space like never before.
I would like to add that TribeOne is bridging the gap that exists in the DeFi lending space where the use of over collateralized loans is limiting the global adoption of DeFi. So it would not be wrong to say that with our revolutionary products, the users will not only benefit in the short term but also in the long term. 🤗
Another point to note is that we have a deflationary ecosystem, for every successful loan paid back, a portion of the profits is allocated to burn the token supply until it is reduced to 50%! Hence it will increase token adoption
Bilo 2000
Thanks again @Tan_DeFi and @mehdisuleman for your precious time with us here today. We are all looking forward to a great future for TribeOne❤️
Tan | TribeOne
Take care all of you and stay safe !!
