Emerging economies in emerging markets are thriving, but the banking infrastructure that is supposed to support it is broken. There is a huge gap between the financial services on offer and what startups really need.
The financial woes startups are grappling with range from struggling to open bank accounts to getting business credit cards and making cross-border payments. All existing traditional banking processes, interfaces and underwriting methods are not meeting the needs. This is where Tribal's fintech solutions come in.
Project progress and advantages
▼ Decentralized lending agreement
Tribal is developing an undercollateralized lending protocol that connects cryptocurrency lenders with small and medium-sized business borrowers. The agreement will enable SMEs in emerging markets to obtain lower financing costs, while lenders can enjoy sustainable APY, regardless of the performance of the crypto market.
▼ Payment without borders
Tribal provides SMBs with access to the Visa payments network of over 100 million suppliers, local and international wire transfers covering over 180 countries, and on-chain cross-border payments utilizing stablecoins to facilitate faster, more affordable transactions .
▼ Pledge Incentives
SMEs will be incentivized to stake TRIBL tokens to earn disruptive rewards and access premium tiers with exclusive benefits. Lenders and borrowers will be incentivized to hold TRIBL tokens for higher stablecoin rates and lower interest payments on capital.
Project team
Investment agency
project token
Token name: TRIBL
Total issuance: 1 billion
Release mechanism: 1-year lock-up, 6-month or 12-month linear release
IDO platform: CoinList IDO time: 17:00 UTC, March 17; 1:00 am Beijing time, March 18
IDO supply: 6.41% of total supply
IDO mechanism:
1. Supply: 39,066,666.67 TRIBL Token Price: 0.55u Lock & Release: 1 year lock, 6 months linear release
2. Supply: 25,000,000 TRIBL Token
Price: 0.40u
Lock & Release: 1 year lock, 12 months linear release
Currently only sold on CoinList, the project is hot! Beware of impersonators and scammers!
financing information
Summarize
The Tribal team was founded and led by serial entrepreneurs, so understands what startups need most. It allows borrowers to avoid the hassle of dealing with traditional banks and fully control the business expenses of startups anytime, anywhere.
At present, there is no project that can be publicly offered on CoinList that is not popular. After all, there are too many myths! However, it is very difficult for Xiaosan to grab the quota. There are hard conditions and luck to win the lottery. Therefore, the community has channels to grab the quota, and then share the share with group members!
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