TribeOne

TribeOne (HAKA) - NFT and DeFi funding platform

TribeOne (HAKA) is an AI-powered NFT and DeFi funding platform.

Over the years, the global economy has experienced volatile phases in the traditional financial market. It originated directly from the early prototype banks, where merchants made grain loans to farmers and merchants who transported goods between cities.

It was a huge evolution from the Late Bronze Age to the advanced DeFi era. Despite the evolution in the traditional financial space, it has many shortcomings that greatly affect the community.

Lack of transparency is one of the shortcomings of the traditional financial space. There are several levels of management hierarchy that make information easily lost or forgotten in a complex chain of command. Along with hierarchical governance, the structure inhibits creativity, agility, and flexibility—all drivers of innovation—making it a labor-intensive and rigid infrastructure.

Another hurdle that causes serious problems is the unknown transaction fees charged by financial corporations. Every financial transaction is expensive. This impediment leads to a correlated impediment, which is counterparty risk. Every financial transaction, i.e. credit transaction, contains the risk that the other party will not make payments due to increased fees.

A few more barriers to the traditional financial system are unequal access to financial services. According to the World Bank, about 1.75 billion people around the world are unable to access financial services because they are not eligible. Surprisingly, this number is growing.

The good news is that we already have a new solution!

Decentralized finance (DeFi) is a fast-paced industry that is emerging as a solution to traditional financial problems. This cutting-edge technology promises to transform the traditional financial sector with its open, transparent, and secure key features.

The DeFi realm has seen different stages as a volatile market, subject to all types of risk. Users typically face the risk of lack of regulation, exposure to errors, hacks, price fluctuations, and being unfit to meet loan selection criteria. This disadvantage leads to the fact that users do not want to enter the cryptocurrency market, and some cannot get the desired cryptocurrencies.

This inefficiency leads to the creation of the ultimate tool that analyzes all risks in advance to prevent such events. This decentralized AI financial instrument RAROC (Risk-Adjusted Returns On Crypto) became popular thanks to a simple rule of thumb: “the higher the risk, the higher the return.” Using this spectrum of risk and return, users could aim for higher returns, but had to bear the equivalent risk.

TribeOne bills itself as the world's first AI-powered decentralized finance platform powered by RAROC. RAROC is a profitability measurement system that analyzes risk-adjusted financial results. This is a modified return on investment (ROI) that takes into account the element of risk.

Here are the features of RAROC that TribeOne offers extensively:

Risk management refers to practice; identifying, analyzing and taking early precautions against potential risks. TribeOne understands the volatile nature of cryptocurrencies and protects users from all possible risks. This is done by managing the user's vault and creating a borrower's risk rating that gives them the right to choose loans.

Evaluation of the effectiveness of the user's payment history is carried out in comparison with the amount of risk taken. TribeOne evaluates your performance, i.e. your credit score, to provide loans with low to no collateral. It also evaluates SEM loan limits after reviewing their portfolios.

Risk assessment criteria for investments and loans:

LTV (loan to value) of a user, LTV is a ratio that is used to determine how much risk they are taking on with a secured loan. The history of the borrower's repayment, due to which the interest is distributed.

The type of cryptocurrency collateral provided by the user against the requested loan.

The term of the loan, that is, the period for which the sanction is imposed on the loan amount.

TribeOne's built-in actuary, RAROC, benefits from its reduced vibration characteristics. With this, there is less chance that your respective liquidity will be mixed in order to prevent the interests of the investor. Considering the simple concept of getting a standard loan with a normal LTV, which can quickly affect liquidity margins, we will provide all users with a lower LTV. This makes them less exposed to huge risk.

NFTs are shaking up the DeFi space

NFT, a huge alliance between art and the cryptocurrency ecosystem that is redefining the concept of ownership in the digital age.

A non-fungible token is a unit of data stored on a digital ledger called a blockchain that certifies that a digital asset is unique and therefore not fungible. It can be used to represent items such as photos, videos, audio, and other types of digital files.

Most importantly, NFTs make digital artwork unique and impossible to copy, making it profitable. Now artists, musicians, influencers and sports companies are using NFTs to monetize digital goods that were previously inexpensive or free. This technology also meets the art world's need for authentication and origin in an increasingly digital world by permanently linking a digital file to its creator.

NFTs are now rapidly taking over the digital art and collectibles space. Digital artists are witnessing their lives change due to the new crypto audience. Now it aims to redefine the DeFi space with its immeasurable value and lucrative features.

NFTs have become one of the most revolutionary use cases for cryptocurrencies in 2021, with total sales up to 55% since 2020, from $250 million to $389 million. As of March 2021, it has continued to grow exponentially and is estimated to reach $6 billion by the end of the year.”

This incredibly growing NFT movement signals a larger token revolution that will drive massive innovation and the growth of Web 3.0 protocols.

In addition to developing what the crypto ecosystem calls “overcollateralization,” TribeOne believes that the NFT market is expanding and will continue to expand in the coming years.

"If you are an artist and still not using NFT (Non-Fungible Token), you are potentially losing millions of dollars" - Olawale Daniel