AMA

TribeONE & Coiner Vietnam Recap

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Hey Coin-er, 23 May is special day when we have held AMA with a great project: TribeONE - The First AI-Powered NFT and DeFi funding Platform. TribeONE will creating a revolutionary shift by introducing a truly decentralized ecosystem and customer centric products which will be available for consumers & micro-financiers. This is AMA Recap:

Host: Hi Mr Mehdi & Mr Tan, Welcome to Coiner Vietnam! Before we start, please tell us a little bit about yourself?
Mehdi: Hi guys, It’s nice to see you all! My name is Mehdi Suleman, the founder and CEO of TribeOne. 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.
Tan: 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.

Host: So, to introduce to Coiner Vietnam about TribeONE, can you briefly describe TribeONE in 3-5 sentences?
TribeOne is the world’s first AI-powered decentralized financial platform backed with RAROC (Risk-Adjusted Returns On Crypto) technology. He is our superhero btw 😉
TribeOne is an NFT, lending, borrowing, saving, and credit risk platform that offers a seamless experience; to the users through its innovative consumer-centric products. The platform will break barriers in the traditional financial ecosystem and revolutionize the DeFi sphere as a whole.
TribeOne will provide the community with a platform to lend, borrow and invest in all crypto assets specially NFTs. Therefore, a one stop shop to enhance user experience for all.
 
Round 2: Q&A: Answer the questions from Twitter
 
Question 1: From @VThT49146740: Currently with the growing ecosystem we have many chains.... What are the chains you will be supporting in dApps? Is it limited to binance or expandable to multiple chains like fantom, bsc, avax, matic, etc?
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.     
 
As we all notice that the gas price of Ethereum is high and it's not benefiting users. So after evaluating it a better option is to build on Binance Smart Chain forward.
We will be migrating to polka dot in the near future.

Question 2: From @NgocAnh_2k4: As an investor, safety is always one of the biggest concerns. What kind of security protection do you provide for the TribeOne platform? How to ensure the safety of customer assets
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.

Question 3, From @NEO44766032: What is your "selling point" that makes Tribeone better than other similar platforms?
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. So, in conclusion these are some of our “selling points” that make us different from our competitors.

Question 4, from @ponpon1902: How many end-users are you targeting? How Tribeone will add value to end-users? Can you share a couple of examples?
That’s an interesting question! In regard to the kind of customers we are looking for, the best part about our project is that anyone and everyone can get advantages of our products. 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. TribeOne will be the one stop shop for all financial needs and will enhance  user experience. Hence our products add immense value to all users.

Question 5, from @quyencao12: Adoption is one of the important factors that all sustainable blockchain projects should focus on to be more attractive in the investor's eyes. What did TribeOne do and plans to do to achieve real world adoption?
TribeOne aims to provide user centric products that break real world barriers like lack of transparency, rigid infrastructure, time consuming processes etc. that are commonly faced by users on a regular basis, while applying for loans and while investing.
 
It will be offered through our zero to low collateral loans, tailor made loans for SMEs and micro financiers. Providing a user-friendly NFT and DeFi funding platform that benefits users in many ways. Due to these factors TribeOne aims to achieve real world adoption.
 
Round 3: Live questions round

 
Quesstion 1: What are the Major Utilities of #TribeONE Tokens Which would be beneficial to #TribeONE Investors/Holders too?
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
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.

Question 2: NFT is a really trending topic now in the market. So, how do TribeOne plan to onboard the development of NFTs and how do TribeOne plan to combine it with DeFi?
Yes, NFT is quite in the trend! NFT is being treated the same way a lot of what has happened in the past, pump and dump. We see NFT holding value over a period of time which is only possible if the user has the holding power and that power can only be achieved through our financing solutions.
There is a lot of risk involved when investing in NFTs considering it being so nascent, but we are introducing a well-equipped tool-- risk mitigation by reducing the risk factors that facilitate users with access to evaluation measurement of the NFT and our inhouse risk actuary.

Question 3: Credit shield will provide insurance of up to 80% of the market value of users crypto assets, Do you have plans to partner with insurance companies on the blockchain for this or traditional insurance company will be involved as well? And how do you plan to insure such a high percent?
The only way we can get new users to get comfortable is by having a sense of security when transacting in a space where they are inexperienced. We have collaborated with a DeFi insurance partner where we have combined our resources to structure the rating system to onboard users with this insurance coverage. The cost of this coverage is borne by the user but it gives a them a sense of security which would quicken the adoption usage.

That’s all for today. Thanks guys to join in AMA with us!


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