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2nd AMA with TribeOne (about TribeOne)
It’s the 2nd AMA between OpenWorld and TribeOne. In this AMA, OpenWorld are honoured to host Mr. Medhi Suleman, the CEO & Founder of TribeOne in the AMA.
You’ll have chance to discover more about the TribeOne project. Let’s get started!
Mr. TranDzung | OpenWorld: AMA begins. Please join everyone
Mr. Medhi | TribeOne: Hello everyone!
Mr. TranDzung | OpenWorld: Hello Mehdi! Welcome to OpenWorld Global Forum. In order to start the AMA, I will mute the group
Mr. Medhi | TribeOne: Hello. Thank you for having me🙌
Mr. TranDzung | OpenWorld: Me too. Yesterday we have a nice AMA with TribeOne community and today, it's nice to host this AMA with you
Mr. Medhi | TribeOne: Yes definitely. The community loved you!
Mr. TranDzung | OpenWorld: The AMA will have 3 sessions
Let's start with session 1
Let’s begin with an introduction about yourself and the TribeOne dApp?
When you finish your answer, please use ✅
Mr. Medhi | TribeOne: Sure. Thanks for the question.
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.
Now moving onto TribeOne
TribeOne is the world’s first AI-powered decentralized financial NFT lending platform.
TribeOne is an NFT, lending & borrowing space that offers a seamless experience as well as collateral-free NFT financing solutions; to all the users through our innovative consumer-centric dApp.
The platform will break barriers in the traditional financial ecosystem and revolutionize the DeFi sphere as a whole. Providing the community with a platform to lend, borrow and invest in NFTs through our integration with various NFT marketplaces.
Therefore, offering an unconventional experience for all.
Mr. TranDzung | OpenWorld: Nice to know that TribeOne support NFT lending.
OpenWorld has NFTs for our digital world as well.
Mr. Medhi | TribeOne: It's a progressive space brings in a lot of opportunities for creators and collectors 🤝
Mr. TranDzung | OpenWorld: Sounds cool! Everyone in OpenWorld should spend time to discover Tribe One
Mr. Medhi | TribeOne: Definitely we just aim to remove all traditional barriers and open new ways of services for the community
Mr. TranDzung | OpenWorld: The next question is
What are some of the services your dApp is offering?
Mr. Medhi | TribeOne: Let me start by giving a small gist on the first instant NFT-lending dApp that is built with the inception to combine the best of the DeFi and NFT spaces in order to build a transformed space for the crypto community.
We are more than just a dApp we aim to
Maximise your NFT returns
Diversify your risk portfolio
Unlock NFT liquidity
Additionally we will offer a
Super easy NFT loan approval
Flexible filtration process to choose your favourite NFT
$HAKA holders can avail of special discounts on their favourite NFT’s and additionally get preferential interest rates.
A wide range of NFTs to choose from
A unique option to make instant profits by simply self-liquidating your NFT.
You can visit our socials to stay updated and scan through our Twitter to get a complete idea of our upcoming dApp I’ll make sure to attach the links in the comments section below.
Telegram- https://t.me/tribeone ; https://t.me/tribeone_ann
Mr. TranDzung | OpenWorld: Perfect! From your answer, I see lots of products and features on TribeOne. Especially for NFTs and DeFi, lending, dApp as well.
Mr. Medhi | TribeOne: Yes, We would love for all the members of the community and you too to come and explore them and use it to your best benefit 🤝
Mr. TranDzung | OpenWorld: Sure, we will. The third question
Could you let our curious audience know how they can apply for finances to own NFTs through your dApp?
Meanwhile, everyone should prepare your questions for the live session in the last part of AMA
Mr. Medhi | TribeOne: Sure, this is the most interesting part!
To make it fun let me find a video:
I'd request everyone to spend a few seconds to watch it.
By then I will type it out for the community as well
How to take a loan on our dApp?
First, access the TribeOne dApp: app.tribeone.io
And connect the dApp with your MetaMask wallet.
Then, navigate to “Discover NFT” and choose the NFT you’d like to acquire.
After choosing the NFT, click on the “Apply for Loan” button.
Set the LTV (Loan to Value) ratio, payment currency, and duration for which you want to take the loan.
Read and agree to the Terms & Conditions and select Apply for Loan.
Mr. TranDzung | OpenWorld: Very great guide to experience TribeOne dApp.
People should discover it after the AMA. Make sure they get a correct link from TribeOne website, and avoid traps of phishing sites
A fourth question
Can you talk about you upcoming NFT marketplace
Mr. Medhi | TribeOne:
Mr. Medhi | TribeOne: Sure,
We begin the Q2 by expanding into a full-fledged NFT marketplace with the listing of NFTs from budding NFT artists and also integrating with our partner ecosystem.
Let me put it as one point i emphasize on regularly - TribeOne is an all-in-one NFT marketplace built for collectors and creators.
Placing into explanations:
For creators, our NFT marketplace will allow NFT artists to list their NFT with zero minting cost and will have gasless transactions.
For collectors, we understand the immediate capital required to purchase an NFT so we will provide them with the best financing solutions where they can get a loan with just 25% downpayment and easy instalment processes.
So users can either list their NFTs if they are an Artist and collectors can also purchase NFTs from our marketplace with flexible options!
Here is a video you all can check it out
Gives a glimpse of our new UI/UX too
Mr. TranDzung | OpenWorld: In Vietnam, we have C98 wallet that is cool. Our project also partner with Quarashi Network that have an amazing wallet too.
It is great to know TribeOne team carries the cost of listing NFT for your users.
They will appreciate it a lot
Mr. Medhi | TribeOne: Yes that was one major problem we recognized in the space and we came up a problem solving solution for it 🙌
Mr. TranDzung | OpenWorld: The last question for session 1
How would you say that TribeOne stands out within the NFT space ?
Mr. Medhi | TribeOne: Well let me have our TribeBot tell you that :
Request everyone to have a glance!
Mr. TranDzung | OpenWorld: Let's go everyone
Anyway, no worry for people who can not manage time to join AMA, we will publish AMA recap for you on Substack / Medium
Thanks for the Tribeone bot's tutorial
We just finish the first sessionlet's move to the second one with Twitter question
We have a question from
Mr. Medhi | TribeOne: Thank you!
First let me tell you how are we a deflationary token,
After the release of our dApp, the revenue that was generated from all the NFT financing solutions taken by our users was used to buy-back and burn 300,000 $HAKA. This was the first-ever burn TribeOne has conducted which has significantly boosted the deflationary utility of our token.
A token-burn leads to a reduction in the total supply of the token or in other words, creates a “deflationary” event that would significantly boost the value of the token.
Our protocol model is designed in such a way that token-burns would be a frequent event through the NFT self-liquidation option we offer on our dApp.
This refers to the option where a user who has applied for a loan can back-out in between & the NFT they had selected for purchase will be sold back onto the open market. 80% of the revenue that would be generated from liquidating this NFT would be provided to the custodian and 20% of the liquidated profits is set to be used to buy-back $HAKA from the market & burn.
Adding on to this mechanism, TribeOne will also be using 10% of the revenue earned from every successful transaction to buy-back & burn tokens, therefore, creating a deflationary ecosystem.
This combined with other utilities of $HAKA shows a viable growth in the long-run for $HAKA hodlers especially considering the various utilities the token holds as well.
Mr. TranDzung | OpenWorld: Having a deflationary token is attractive in the eyes of investors. It's good to know TribeOne have it, Buy back and Burn. Burning means TribeOne investors don't have fear that the team will dump bought-back tokens later !
Thanks for the great answer. We only choose 1 question from Twitter. so now let's move to the live question session
I will unmute the group now, and everyone can ask Medhi any question about TribeOne.
Let's choose up to 4 questions (not more than 4) for this session. It depends on you @mehdisuleman
I mute the group again!
In meantime, let's visit TribeOne and explore their dApp
Mr. Medhi | TribeOne: First question is from @PFizerCheck
Why TribeOne named like that ? any backstory about it?
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
Second question is from @AbiqiSihada
What is total supply of TribeOne? Where i can buy it? Are your plans to focus on market or to grow community?
188,370,238 is the Total Supply
$HAKA is listed on various exchanges & easily available
We are currently on the light to growth we are diversifying our community but as we grow together we aim to have official communities centered to their region
Third question is from @JasjoesLeci
How important is community to TribeOne? and What is your strategy for building a strong community? Do you agree that the power of the community will lead TribeOne to develop globally?
I'm sure by my above answers you would've understood the fact that this project is built for the community and we are developing new ways for the community.
Let me give you a few examples of work in practice.
1. Building an all-in-one NFT marketplace for Creators and collectors with benefits like zero minitng cost, gasless transactions, co-marketing activities
2. Built a first instant NFT-lending dApp with exclusive loaning features.
3. Giving the community the power to filter, and choose their installments plan at their convince
4. Our daily twitter pools and marketing activities which involve community feedback
Fourth question is from @Oliandri
Metaverse and NFTs is hot trending now, Do you have a play to have it in TribeOne? If so, can you tell us the plans of TribeOne in Metaverse & NFTs?
The Q3 of the roadmap will consist of Phase 2 of our NFTmarketplace
TribeOne sees the future in virtual lands and knows it is a good way for users to generate passive income keeping that in mind our upcoming integration with decentraland, allowing users to acquire their favourite Decentraland NFTs on loan.
So users can basically get a loan to purchase an NFT in the space and then they can use that same money/income generated to repay the loan and enjoy their passive income.
Our integration with landworks will allow our users to list these loaned Decentraland NFTs & further lease them out.
Users can then utilise the income generated on these leased out NFTs to get complete ownership of the loaned NFTs as well as earn additional interest💰
Mr. TranDzung | OpenWorld: How many tokens have been burned so far?
Could you repeat the figure, please
Mr. Medhi | TribeOne: https://tribeone.medium.com/why-is-haka-an-investment-you-should-hodl-29c0381f686d
Here's our reference article for everyone to understand it on details
Mr. TranDzung | OpenWorld: Lending for virtual land NFTs, it's great
In OpenWorld, we will have land auction as well so waiting for further cooperation with TribeOne
Mr. Medhi | TribeOne: Looking forward to it🙌
Mr. TranDzung | OpenWorld: Through all these questions and informative answers from TribeOne CEO Medhi, I hope that members in our community have received good information from which they can start to research more
Mr. Medhi | TribeOne: It was a pleasure to be here!
Mr. TranDzung | OpenWorld: Recap of the AMA will be published on our Substack, Medium
Thanks everyone for the time, and yours as well Medhi
Mr. Medhi | TribeOne: Thank you @TranDzungOW. You've been a wonderful host for today! Much love for this enthusiastic community
Mr. TranDzung | OpenWorld: Fingers cross. Happy to have you here
Mr. Medhi | TribeOne: Thank you, everyone! Have a good day ahead
Mr. TranDzung | OpenWorld: You too. The AMA is ended everyone. Thanks all and see you later in future AMA.
Now it is time to check TribeOne
Also announcement for AMA reward claim will be made in