What is Tribal? All information about Tribal and TRIBL token

• Overview of Tribal
• What is Tribal?
• Basic Features of Tribal
• The main products of Tribal
• The development team, the investor of the Tribal . project
• Overview of the TRIBL . token
• What is TRIBL Token?
• Allocate TRIBL . tokens
• Where can TokenTRIBL be bought and sold?
• The future of Tribal and should I invest in TRIBL tokens?
• summary

Overview of Tribal

What is Tribal?

Tribal is a platform that provides businesses with a comprehensive financial solution based on a proprietary algorithm driven by AI technology. It allows small and medium-sized businesses (SMBs) to access multi-currency corporate cards, traditional financial payment gateways and cryptocurrencies… 

Especially, Tribal also manages business expenses to provide optimal solutions to help businesses achieve high growth.

Basic Features of Tribal

Unifying TradFi and DeFi: Tribal unifies DeFi and TradFi to help growing SMBs in regions such as Latin America, Middle East and Africa (MEA) access credit data, as well as abundant capital than.

Decentralized Lending Protocol : Tribal is developing an under-collateralized lending protocol that connects crypto lenders and borrowers (in this case SMB – small and medium enterprises). This protocol will facilitate SMBs to access low-interest loans and lenders can make profits with sustainable APY interest rates.

Global payments : Tribal provides small and medium businesses with access to Visa's payments network of more than 100 million providers in more than 180 countries. In addition, Tribal also supports on-chain payments with stablecoins to speed up transaction processing, as well as save costs.

Staking Incentives : SMBs will be encouraged to stake TRIBL tokens to receive attractive rewards and gain access to exclusive benefits. In addition, users will be encouraged to stake TRIBL tokens to receive higher lending rates and lower borrowing rates.

Besides, since its launch (2019), Tribal has achieved many successes with impressive numbers as follows:

• Asset value has raised over US$80 million (equity) and US$60 million (stock funding).
• The loan transaction volume of SMBs on Tribal reached more than 200 million USD.
• Tribal has served more than 1,000 businesses in 23 countries worldwide.
• Supports payments in more than 180 countries and 160 currencies.
• The number of users grows by more than 50% every month and 90% are loyal customers.
• The revenue target will increase 8x from the first month of operation.
• Maintain credit losses below 30 points and delinquency below 50 points.

The main products of Tribal

Corporate Card

Physical card: This card will be limited in number per business, it will help businesses pay for offline expenses globally (wherever Visa is accepted) .

Virtual Card: This is a digital version of a physical card that can be used to make purchases online anywhere. This card will not be limited in number, users only take a few seconds to issue. Immediately after issuance, this card will be available immediately, instead of waiting like a physical card. Like any card, the virtual card will also have a 16-digit card number, an expiration date and a 3-digit security code.

The Tribal card can be used at places that accept Visa cards worldwide and is completely interest-free. Tribal will send a statement to the user after each billing cycle and they will have 10 days to return it to Tribal.

Both Tribal cards can be used to make online purchases through mobile payment platforms, such as Apple Pay or Google Pay. 

Spend Control

Smart business cost control

Tribal's online dashboard is packed with advanced tools that keep users updated on company expenses in real time. Users can access the dashboard from anywhere, as well as understand the expenses and spending situation of the business.

Advanced reporting

Users can generate reports in many different formats, such as reports by date, customer, department, seller, spending category, etc., to easily analyze business activities.

Automatic expense classification

Tribal automatically categorizes all business expenses, helping them understand their operations. Besides, Tribal supports users to personalize filters so that they can provide a report that suits their needs. 

Real-time visibility

Users can view all available balances and transaction details of the company in real time. Transactions will be immediately recorded by Tribal for users to more conveniently track.

Basic features for users

For regular users

Users have access to personal dashboard to manage cards, check personal spending, available balance. Besides, Tribal supports a user-friendly interface, making it easy for them to set and adjust the card's limited features, such as card activation, deactivation, etc.

For admins

The admin has full access to the transaction details made by the business to analyze those spends. Besides, Tribal will assist administrators to add or remove users, control the spending limit of any user in the company, view and download the company's transaction reports. 

Tribal Reward

Tribal launches Tribes loyalty system for longtime customers of the platform. The system offers discounts, perks, networking opportunities and related resources that help businesses thrive in the future. 

The development team, the investor of the Tribal . project

Development team

Amr Shady : A core collaborator of Tribal with over 20 years as an entrepreneur in emerging markets such as Latin America, Middle East and Africa (MEA). Amr Shady once founded a mobile payment system that processes 15 billion transactions a year.

Duane Good : As a core collaborator of Tribal with over 25 years of experience in the Fintech field. Duane Good is also a former managing director at HSBC and Experian.

Mohamed Elkasstawi : A Tribal core collaborator with over 7 years in the crypto space. Mohamed Elkasstawi assumes leadership of Tribal's strategy and execution. 

Ehab Zaghloul : He took on the role of leading the research, design and development of Tribal. Ehab Zaghloul holds a PhD in “Application Cryptography and Blockchain Security” from Michigan State University. 

Investors

Tribal has raised US$143.4 million after 8 rounds of fundraising. On February 3, 2022, Tribal raised US$60 million in a Series B round. The most prominent investors of Tribal are SoftBank Latin America Fund, Digital Currency Group, Coinbase Ventures, Huobi Ventures, CoinList …

Partner

Some current partners of the project are Slack, Zendesk, Segment, SendGrid…

Overview of the TRIBL . token

What is TRIBL Token?

TRIBL is the native token of Tribal, some basic information is as follows:

• Ticker: TRIBL
• Blockchain Network: Ethereum (ERC-20)
• Total Supply: 1,000,000,000 TRIBL

With some functions as follows:

Governance : TRIBL token holders have the right to propose and vote on changes to the protocol to create an engaged community.

Rewards : SMBs can earn TRIBL tokens for making payment transactions and are encouraged to stake their TRIBL for attractive rewards.

Staking : SMBs, lenders and borrowers in the Tribal ecosystem can benefit from staking TRIBL.

Payment : SMBs can use TRIBL tokens to pay for services inside the Tribal ecosystem. 

Allocate TRIBL . tokens

Reserve & Community Rewards: 43%, this token will be released when Tribal is officially launched and distributed over time in accordance with community rewards and incentive programs.

Early Token Purchasers: 18.59%, these tokens will be locked for 1 year and then released linearly in about 30 – 36 months.

CoinList Sale: 6.41%, there will be 2 options with token distribution time as follows:

• For option 1: TRIBL tokens will be locked for 1 year, then will be issued linearly within 6 months.
• For option 2: TRIBL tokens will be locked for 1 year, then will be issued linearly within 12 months.

Early Contributors: 32%, these tokens will be locked for 1 year and then released linearly within 36 months.

Where can TokenTRIBL be bought and sold?

Currently, the TRIBL token is not listed on any exchanges. However, investors can buy TRIBL tokens during the Tribal Token Sale event on the CoinList platform from March 17, 2022 to March 23, 2022.

The future of Tribal and should I invest in TRIBL tokens?

Tribal is a solution to help startups, small and medium-sized businesses access an abundant source of capital to develop their products and services. Besides, Tribal also provides a payment platform, enabling users to pay business fees and optimize financial management.

In addition, Tribal was founded by entrepreneurs, data scientists with extensive experience in the Fintech field. Tribal is on a mission to accelerate the growth of SMEs in emerging markets such as Latin America, the Middle East and Africa (MEA), to close the gap in access to credit data, as well as abundant capital. 

Not only that, Tribal is backed by QED Investors, BECO Capital, Global Ventures, SDF, Endure Capital, Endeavor Catalyst and OTG Ventures. Tribal is also part of the Visa Fintech Fast Track program. 

Since its launch in 2019, Tribal has achieved certain successes. Along with the advantages on Tribal, the project has proven its attraction when it received more than 140 million USD after 8 rounds of funding. However, to make an investment decision requires people to research and evaluate the project thoroughly.

summary

The above article shared detailed information about the Tribal project and the TRIBL token. The Tribal project is really a versatile solution when it not only provides an abundant source of capital but also helps to optimize the financial management of users, especially small and medium-sized companies. If investors are interested in the project, they can follow the following information channels:

Website | Twitter | Telegram | Discord

• Instructions for registering Tribal Token Sale (TRIBL) on CoinList
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