Bulk AMA with TribeOne

8 min readJun 9, 2021

Bulk

Hello everyone, we are happy to host the AMA with TribeOne today!

TribeOne is The First AI Powered NFT and DeFi funding Platform!

TribeOne’s vision is to build products that contribute to the DeFi ecosystem to attract the masses from the traditional finance space to maximize returns. The TribeOne Ecosystem serves the purpose of offering a wide range of niche services — ranging from secure and unsecured loans to trust loans and savings products.

We will be talking to the CEO Medhi and Director of Partnerships — Tanveer.

Hi, guys, good to have you here!

Mehdi | TribeOne

Hi Everyone! Pleasure to be here! 😀😀

Bulk

Let’s start right away. Can you tell us about the idea behind TribeOne?

Mehdi | TribeOne

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 🤩😄💪🚀

Bulk

Sounds great, lets move to the team. Could you give us a short intro of your team and their experience?

Mehdi | TribeOne

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 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.

Tan | TribeOne

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. Now, I am the Director of Partnership at TribeOne.😎

Mehdi | TribeOne

Also, we would like to mention our head of credit risk, Amr Ezzat who has worked in the largest banks in the financial risk space as a remarkable senior risk analyst with over 10 years of building credit financial modeling for underwriting retail & wholesale risk portfolios. He is our Head of Credit Risk at TribeOne.

Bulk

Allright, now we know the team behind TribeOne! Let’s move on!

What products does TribeOne provide to its customers?

Tan | TribeOne

Yes, let me take you through our products under borrowing in brief😊

NFT FUNDING PRODUCTS:

NFT Loans — Allows users to get loans against their NFTs as collateral

NFT Mortgage — Allows users to get loan to purchase NFTs

NFT Pool Invest — Pool Funding to invest in NFTs

BORROWING PRODUCTS:

Poloka Loans — TribeOne’s collateral based loan upto 90% LTV

Mana Loans — TribeOne zero to low collateralized loan

Laiti Loans — TribeOne’s flagship loan product for micro financiers

INVESTMENT PRODUCTS:

Tele Yields — Earn highest risk-adjusted APYs across chains

Sefe Plans — TribeOne Savings

Bulk

How is your project different from other solutions? What are you competitive edges?

Mehdi | TribeOne

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. 😀

Bulk

TribeOne product names are linked to Samoan tribe names. How did you become interested in these and why did you choose to use the names?

Tan | TribeOne

We admired the traditional culture of Samoan tribe’s communal way of living. 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. We see the same needs to be applied in the Crypto space and we hope TribeOne can add value to the community.

Our products are named after the different tribal words.

Poloka = Block (Standard blockchain DeFi loans)

Mana = Power (Zero to low collateral so powerful product which is not out there in the market)

Sefe = Safe (Secure saving plans)

Tele = Large (higher earnings)

Laiti = Micro (for micro financiers)

HAKA = War dance

Our token $HAKA means war dance that indicates the power of holding the token with victory. 🚀🤑🦾

Bulk

Do you have a plan to add AI-based yield farming strategies?

Mehdi | TribeOne

We were contemplating doing this to reduce the workload but decided against this as yield farming is inherently unpredictable and to utilize borrowers collateral towards this would raise the risk level without manual intervention. As of now until we have a better grasp on the farming options; this function for now would be centralized.

Bulk

In what way can $HAKA Holder’s leverage the platform to extract more benefits?

Tan | TribeOne

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

Bulk

One of the exciting products are uncollateralized loans. Could you tell us about the process of getting an unsecured loan on your platform?

Mehdi | TribeOne

This would be a key not only to TribeOne but could be a beacon to other lending platforms that the only way to gain mass adoption is by having inclusive products available. The way we the product could be accessed by users is by using our standard loan Product, “Poloka” loans where the lending would be based on standard LTV terms that users are accustomed to i.e. LTV ranging from 50% to 75%. The users are monitored based on their repayment ability and rated on this; once data is acquired on the user they are able to access “Mana” loans where depending on the credit score they would be eligible for loans with LTV ranging from 25% to 0%. The end goal is that once users have been given credit scores they would be able to freely access loan terms with zero collateral.

Bulk

Another interesting question. If you repay the loan, for example, 2 days late, your NFT will not be returned or you will just get a fine?

Mehdi | TribeOne

That’s correct, this would be similar to how bank charges are levied; delayed payments would incur accrued interest charged; we don’t want to go the same path as of now on charging late fees 😁

Bulk

How firmly, in your opinion, have NFTs entered the world of cryptocurrency.

Tan | TribeOne

Well in my opinion NFTs came in as a surprise 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 “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” even becoming NFT 😂

It’s crazy right ?!

At TribeOne we see NFT holding value over a longer 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.

Bulk

What kind of people are you willing to attract: investors (waiting for the “to the moon” token price) or customers (those who benefit from your services)? Or maybe you expect investors to turn into your customers?

Mehdi | TribeOne

In regards 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. It’s not only restricted for a certain group of people.

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. Right from investors who want to invest in well value NFTs and make beneficial returns to micros financers / SME’s who lack funds to start their business.Hence our products can be used by all.😊

Tan | TribeOne

Please follow our social media to stay updated about IDO launch and whitelisting updates.

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

Twitter- https://twitter.com/tribeonedefi

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

LinkedIn-https://www.linkedin.com/company/tribe1

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

Bulk

Allright! Only a couple questions left!

What are your plans for the further development of the project? What features or revolutionary solutions do you plan to create in the future?

Mehdi | TribeOne

Well, we are working on building our platform initially on the Binance Smart Chain and then migrate to the Polkadot network once the mainnet is live.

We are currently wanting to catch the wave of NFTs, by focusing on launching our NFT platform. According to our roadmap, the NFT platform is planned for our third quarter. We have successfully completed our first two quarters as per our roadmap planning. Followed building our platform initially on the Binance Smart Chain and then migrate to the Polkadot network once the mainnet is live. In the later quarters we would launching our revolutionary feature of our loans for the micro financiers and SMEs.🚀

Tan | TribeOne

Adding to it,

RAROC= Risk-adjusted Return On Crypto, it acts like an armor for the DeFi sphere that measures all possible risks on crypto. RAROC is TribeOne’s proprietary “Digital brain” that evaluates the risk for investors by profiling borrowers based on their repayment track record so that a potential investor would be able to assess their investment decision.

Bulk

Great, we have gotten to the end of the AMA. Do you have any message to convey to our community?

Mehdi | TribeOne

I would like to address the community with quote

“Technology is something that creates a revolutionary future. Together let’s invent an ecosystem that helps everyone and satisfies every financial need.”

Tan | TribeOne

Well I would like to thank you for inviting us to such a wonderful community. We have a lot of exciting updates coming up so I would request the Bulk Republic community to join our official channels and stay updated for all IDO and whitelisting related updates.

Please join/follow:

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

Twitter- https://twitter.com/tribeonedefi

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

LinkedIn-https://www.linkedin.com/company/tribe1

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

Mehdi | TribeOne

Thank you for taking the time !! Goodbye for now! 😀

Bulk

Thanks a lot for joining us and for answering the questions!

We will announce the contest winners later today!

Tan | TribeOne,