KuCoin AMA With TribeOne — Join the Tribe and Be Your Own Bank

Dear KuCoin Users,

Time: September 3, 2021, 10:00-11:23 (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with the leadership team of TribeOne in the KuCoin Exchange Group, where they shared how they are building the first AI-powered NFT and DeFi funding platform.

TribeOne is an AI-powered NFT and DeFi funding platform. TribeOne is an NFT, lending, borrowing, saving, and credit risk platform that offers a seamless experience to users through its innovative consumer-centric products.

Official Website: https://www.tribeone.io

White Paper: https://www.tribeone.io/docs/TribeOne-whitepaper.pdf

Follow TribeOne on Twitter and Telegram.

Guests:

Mehdi Suleman — Founder & CEO of TribeOne

Mehdi carries 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 at over $1.2 billion. Throughout his tenure, he worked in senior leadership roles overseeing business, operations and managing large cross-department teams.

Tanveer “Tan” Ahmed — Director of Partnerships at TribeOne

Tan has extensive experience of over 15 years resulting in a deep passion for crypto and understanding the business needs and aspirations. He has worked with reputable companies like deVere Group and Ibex Global. He is working passionately to build the TribeOne partnership ecosystem.

Tan: Hi, thanks for having us here. It's a pleasure! Really excited TO interact with the KuCoin community.

Mehdi: Hey, everyone! It's great to be a part of this fantastic community!

Q: How does your experience as a founder impact the growth of the project?

Mehdi: Well, I feel we should start with my journey into this space and what I've envisioned for TribeOne.

I worked in senior leadership roles throughout my tenure overseeing business, operations and managing large cross-department teams. The surge of DeFi in 2019 sparked my interest, and I researched how to build and merge traditional banking with the decentralized financial ecosystem. Identifying the challenges in the traditional world that people faced, I wanted to get the best of both the worlds, the DeFi and traditional, building an ecosystem that is filled with boundless possibilities for users. Due to my extensive experience in the traditional banking industry, I was able to create a platform that has the perks of both and fills the gap of the current inefficiencies.

To understand my experience better, please read this: https://tribeone.medium.com/a-journey-from-traditional-finance-to-crypto-7f0265e66902

Q: Partnerships are an integral part of a project; could you tell us briefly about the partnership landed by TribeOne from different categories?

Tan: 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.

We have a variety of partnerships to cover all aspects of features for our users’ journey. We recently announced our partnership with Terra Virtua yesterday, which is one of the largest NFT marketplaces; through this collaboration, we want our users to have access to a wide range of unique NFTs.

You can read more about it below: https://tribeone.medium.com/tribeone-partners-with-terra-virtua-11a4e21c27da

Our other exciting partnerships and integrations are:

NFT marketplaces: Faraland, NFTify, PolyChain Monsters, NFT Alley, SolPixel Step Hero, HUB.LIFE, PolkaPlay, 2Crazy NFT, and Terra Virtua.

Platform: PolkaFoundry

Infrastructure: Raze Network, Unmarshal, Cross Chain by Tixl

Liquidity platform: Dfyn, Knit Fiance and Hotcross

Integrations: Chainlink, OpenDeFi, and Parsiq

Insurance: Uno Re and PolkaCover

Exchange: KuCoin, Uniswap, and PancakeSwap

Q: As we heard your dApp is launching in less than a month, could you give us an insight into the efficient features it will have?

Mehdi: Yes, we are extremely excited for our dApp launch; it’s something we have all strived to deliver on time and which is scheduled for September 28, 2021.

We will be offering users with the world's first instant NFT lending dApp that amalgamates the best of the DeFi and NFT spaces in order to build a never-seen-before consociation for the crypto community.

Our primary focus is to offer simplified NFT-funding solutions construed within a user-friendly, all-in-one interface — TribeOne gives users access to a wide range of NFTs through our various marketplace integrations, AI-based risk-assessment for instant loan approvals, and a convenient payment processing system.

Let me highlight some features of our dApp:

1. Users will be able to own their favorite NFTs on the platform and avail loans to finance their purchases in just three simple steps - Select, Confirm, and Release.

2. The first 50 users on the platform will have the opportunity to receive exclusive interest rates, beginning at as little as 1%.

3. $HAKA holders can avail of special discounts on their favorite NFTs and additionally get preferential interest rates.

To read about more exciting features, please do read: https://tribeone.medium.com/tribeone-launches-its-revolutionary-dapp-9efbcab4bf52

Q: What are the future prospects of the TribeOne timeline? How are you going to continue transforming the DeFi and NFT sphere?

Tan: TribeOne is on the run to achieve milestones throughout its journey. Through the support of our community, we were able to go on track with our roadmap. We have successfully completed our Q1 and Q2.

Now we are in our Q3, which is when our NFT lending dApp will go live on September 28, 2021. As planned, we also had our massive CEX listing, which was, of course, with KuCoin, and we got a lot of love and support from everywhere. In the coming quarters, we aim to launch our loans and products for SMEs, micro financiers, along with the DeFi insurance products, etc.

The aim is to make TribeOne a one-stop-shop and keep working hard to make this dream a reality for the betterment of the community.

Q: What are the issues TribeOne is going to solve in the sphere, and how?

Mehdi: Inefficiencies would be our primary solution; TribeOne is here to solve a lot of real-world traditional financial problems by giving a decentralized solution. Problems like Lack of Transparency, Unequal access to financial services, Counterparty risk, Time-consuming, and Rigid infrastructure are very commonly faced by users in the traditional world.

Secondly, TribeOne aims to fill the gap between the DeFi and NFT spheres. There is a massive gap in NFT lending where users like the NFT and want the NFT but are unable to purchase them right now, and that's where TribeOne comes in, not only with the option of giving you a loan to purchase and NFT but also other products that let you invest and borrow NFTs.

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.

Telegram: https://t.me/tribeone; https://t.me/tribeone_ann

Twitter: https://twitter.com/tribeonedefi

Medium: https://bit.ly/3biA4ex

LinkedIn:

Website: https://www.tribeone.io

Please follow the social handles to stay updated.

Q: In a nutshell, could you explain your diverse product range?

Tan: I will try to make it as concise as possible but also want the KuCoin community to know about the wide range of products we have.

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 NFTs

ii) Poloka Loans

- Loan to value up to 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

v) Sefe plans

TribeOne individual savings plan

Weekly payout to your wallet

No lock-in periods or minimum deposit

Optional insurance coverage through our DeFi Insurance Partner

vi) NFT pool invest

- Community-based pool funding to invest in NFTs

- NFTs are evaluated by leading NFT appraisers

- DeFi insurance to cover impermanent loss

vii) Tele yields

- Earn the highest risk-adjusted APY against stable coins

- Optional insurance coverage through our DeFi Insurance Partner

DeFi insurance products

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.

Mehdi: The best part is we are not done yet; we have a lot more in development!

Q: What will be the benefit of holding HAKA? Is there any white paper for the HAKA token? How much security is there on this platform?

Tan: 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.

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, Hacken. Along with AI-based financial actuary - RAROC, which helps users in risk management, we are also collaborating with DeFi insurance providers who will provide coverage and protection against market volatility, hacking, and credit risk.

Q: It's easy to make a token but it's really hard to make this token valuable? So what's your strategy to make your token more valuable, and what's your plan to maintain token price and supply?

Medhi: That's very true, we have seen a lot of tokens being launched with a vision, but it's the execution that ends up lacking! We have created an ecosystem where the utilization of the token is constant, so for a user who interacts with our platform there are added benefits that encourages them to hold $HAKA as it saves the user money; when they purchase a NFT, borrow crypto, which is the ultimate goal of our Token to benefit the user! What that does for the token holders is it gains value as the token is being utilized! In addition, we have a buyback of HAKA by using every 10% of the profit we earn from every successful transaction, so we burn the Token supply till it's reduced to 50% of the original supply!

Q: How is your TribeOne project different, and what is its advantage over other NFT platforms?

Tan: 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 favor 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/loans

- low to zero collateralized loans for users with better credit history

- loans to micro financiers

- DeFi insurance.

Another point that gives us an added advantage is that the senior leadership of our platform come from a financial background and have extensive experience in creating products that will benefit users.

There is no such platform out there that solves all the user needs in one place. So, in conclusion, these are some of our salient features that make us different from our competitors.

Q: Your project name seems to be very interesting. Does it have any story behind it? Can you share with us the inspiration for approaching this name?

Mehdi: 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 are faced by users while opting for financial products.

TribeOne believes that 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.

Q: As TribeOne, do you think NFT technology plays an educational and guiding role in societies' view of art? How do you see the future of NFTs?

Tan: Well, in my opinion, NFTs came in as a BANG for the crypto sphere. No one ever wondered that it could be the hidden gem of the DeFi sphere that would transform not only the world of digital art, giving it a new meaning but also the crypto world that adds value to the ecosystem.

However, there is so much more to NFTs than meets the eye. NFT is not just a million-dollar artwork, but it will be used to represent items such as photos, videos, audio, and other types of digital files.

We have already seen artists releasing their music albums as NFT too, not to forget the "Charlie bit my finger" video becoming NFT. So calling NFT just a temporary hype will be a mistake. It is here to stay, and soon, you might even see "Happy birthday song" becoming NFT.

The best one recently was an invisible sculpture sold for $15k, if I'm not wrong.

Can you imagine?

At TribeOne, 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 that make us special.

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.

Q: Is there anything else you would like to share or you want us to know?

Tan: Thank you again for having us here.

Mehdi: We have something in the works this month which will bring the traditional way business is done into DeFi!

Thanks, everyone!

Tan: I think we have already covered a lot, and the KuCoin community has patiently read about our product. We would request for your continuous support in making this project even more successful.

Also want to appreciate all the hard work KuCoin has been doing in supporting and encouraging the new platforms. You guys are amazing. Keep up the excellent work you guys are doing.

Thank you, everyone, for participating. Have an amazing weekend ahead.

KuCoin and TribeOne have prepared a total of 15,300 HAKA to give away to AMA participants.

1. Free-ask section: 575 HAKA

2. AMA activity: 14,725 HAKA

Activity 1 — Quiz: 11,250 HAKA

Activity 2 — Price Guess: 2,250 HAKA

Participation Rewards: 1,225 HAKA

. . .

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