AMA Recap Crypto Library with TribeOne

                                      

On 01st July 2021, TribeOne conducted an AMA in the Crypto Library Community. Our guest is Mehdi Suleman and Tanveer Ahmed. Lots of questions as usual from the Community about TribeOne progress. The TribeOne team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into TribeOne.

Let’s take a look at the most interesting points of our conversation.

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Mehdi Suleman (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 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.

Tanveer Ahmed (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.
FIRST SEGMENT (HOST)
Crypto Library Team : What is TribeOne? and how your team can create this project?

Mehdi Suleman (TribeOne) : In the simplest terms, we are a DeFi platform where the users will be able to get loans by using their NFTs as collateral and crypto assets. It’s an innovative lending, borrowing and investing space with the added features of rewarding regular users who create a consistent repayment history with the access to zero to low collateral loans. In addition to this, the main feature is that loans are offered to users against their NFT’s, users can also pool invest in NFTs or get a loan to buy an NFT. 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! The team has been working passionately towards building a project that is adding immense value to the DeFi ecosystem.

Crypto Library Team : What features and products does TribeOne want to offer? And why we should choose TribeOne?

Tanveer Ahmed (TribeOne) : TribeOne offers a variety of products:
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
Now coming to our DeFi insurance products, we have:

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.
 
TribeOne is a platform that is meant for all! We aim 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.

Crypto Library Team : Please tell us about $HAKA token! What are the token use-case, distribution, and where we can buy it?

Mehdi Suleman (TribeOne) : The $HAKA holders have immense benefits to hold on to where they can leverage the platform in a way beneficial for them. 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
HAKA can be bought at the following places:
You can find the smart contract here:
Crypto Library Team : Please share some information about your roadmap, your recent progress, and your future plans?

Mehdi Suleman (TribeOne) : TribeOne is on the run to achieving milestones throughout its journey. But I guess the first stepping stone was us having a triple IDO. We successfully launched on BSC Station, Ignition and Red Kite. Along with that we are now available on Pancake Swap and Uniswap (both are accessible through our website). We even have our staking program live through HotCross. 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. We have successfully built our platform initially on the Binance Smart Chain and will be migrating to the Polkadot network once the mainnet is live. In the later quarters we would launching our loans and SME platforms. 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.

So I would say there are a lot of interesting things to look out for so keep a watch on our socials!
Reach out our social media here:
SECOND SEGMENT (TWITTER)
Crypto Library Team : NFT is really trending topic now in the market. So, how do Your project plan to onboard the development of NFTs and how do Your project plan to combine it with DeFi?

Mehdi Suleman (TribeOne) : NFT are trending but we see this as being a phase where the real value will be the holders of "quality" NFT and that's where TribeOne can facilitate users to own NFT for the long run vs the current situation where it's being bought and sold for a markup. We see the real value in NFT being long term and by using TribeOne we help achieve those goals for users seeking to create wealth for themselves. TribeOne will offer users with a NFT funding platform where users can lend, borrow and invest in NFTs like never before.

Crypto Library Team : Now it's very important for any project to be backed by A Defi Insurance for the safety and security of investors and community, so are you planning to protect your Organization by any Defi insurance partnership?

Tanveer Ahmed (TribeOne) : That's the beauty of Defi, in the real world when you take out insurance from a provider, as a user you have no idea if they have the funds to cover a claim ! In Defi there is no lack of transparency! Users can view the pools to see if they are actual funds available by the provider ! Going back to your question , our partner providing this coverage is PolkaCover that is built on solid insurance background foundations , I'm sure users would be more than satisfied knowing that they would be the ones providing the cover.
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : What is PROJECT's revenue model? In which ways do you generate revenue/profit?

Mehdi Suleman (TribeOne) : That's correct! most tech companies get away with being at loss for a long time because the eventual gain is in the stock value or in the crypto space the token value, why TribeOne would do better is because the team comprises of veterans in the finance industry and we understand how to generate income and keeps costs low! The initial goal of TribeOne will be to onboard users by offering attractive terms and rate, the eventual model is for the platform to be self reliant where a portion of the transaction cost is retained in the TribeOne treasury to cover expenses and settling Bad debts if they arise.

Crypto Library Team : Can you name the partners who have joined the Your Project ? and what is the advantage for them?

Tanveer Ahmed (TribeOne) : We firmly believe in integration and collaboration to enhance the horizon for our platform and make it a mutually beneficial partnership. Partnerships are the key to ensure the continuous growth of the platform for times to come. In traditional financial space it’s critical to have synergy with other institutions to leverage. As far as our partnerships are concerned, keep a close eye on our socials. We have exciting ones coming up! We currently have ten partnerships, Faraland an NFT collection platform, and a multiplayer RPG NFT GAME on BSC. Second is PolkaFoundry,one-stop production hub for DeFi dApps, we will leverage PolkaFoundry’s NFT auction and marketplace. Third one is Raze Network, trustless zero-knowledge-proof system explicitly designed for DeFi projects. The fourth one is Uno Re, which is the first risk trading reinsurance platform. The fifth one is NFT Alley, an innovative market place where TribeOne will be providing loans for NFT's available on their marketplace. The sixth one is Knit Finance, a DeFi platform that strategizes and focuses on cross-chain and multichain synthetic assets.The seventh one is NFTify, an all in one influential NFT marketplace and brand builder platform. The eighth one is, PolkaCover, the first decentralized insurance marketplace in the DeFi & Crypto ecosystem. The ninth one is Chainlink, an industry-leading decentralized oracle network and lastly Unmarshal, a multi-chain DeFi Data Network that facilitates seamless access to on-chain data for any decentralized application.

Watch our social media as we have one more partnership announcement lined up today!
Crypto Library Team : Where does the project name come from? What does it mean for you and why did you choose that name for your project?

Tanveer Ahmed (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 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.
Comments