WHITEPAPER

TribeOne Whitepaper 1.0

I. Financial Markets Background & Status Quo 02

II. TribeOne Vision & Mission 05

III. Understanding Lending Services 06

IV. TribeOne Key Products 07

V. TribeOne Lending Protocol 08

VI. Barriers in Traditional Lending and DeFi 10

VII. What Will TribeOne Offer? 18

VIII. TribeOne Process Flow 25

IX. TribeOne Network Architecture 27

X. TribeOne Core Architecture 28

XI. Customer Acquisition 30

XII. Risk Mitigation 31

XIII. The Token Ecosystem 32

XIV. Token Distribution 34

Table of Contents

1


The current financial service industry is vital to the global economy, but only provides their services

at a traditionally high cost. Despite recent developments in financial technologies (commonly

referred to as FinTech), the following underlying issues persist:

Financial Markets Background & Status Quo

High transaction fees for the average user of banking and financial services due to

regulatory requirements with legacy systems characterized by complex interoperability

issues and centralized control of large institutions. Services that require a broker are even

more expensive, as agents and other middlemen are involved.

Slow transactions, particularly for international transactions. Theoretically, it should only

take minutes for computers to transact, moving money from one institution to another can

take hours within a country and days between countries.

Lack of transparency and unfair advantages for large players. Financial instruments are

complex and most users do not have access to the information that would allow them to

make optimal decisions.

Inaccessibility and higher cost for lower-income users. Financial services are simply not

available in many geographies; and when they are, lower-income people are hit with

above-average fees.

2


FinTech has been attempting to address these problems, with some success. FinTech solutions,

such as online international transfer services or savings and investment apps and mobile money

for underserved markets have begun to improve the situation.

“However, change is incremental and is still built on top of a system that

fundamentally requires the overhead of agents to provide trust.”

While some of the costs can be reduced, FinTech can’t address the underlying issues of lack of

transparency as it is dealing with the same financial instruments and going through the same

major institutions as traditional finance.

As global financial markets evolve to streamline the adoption of new financial products, it is

critical to reflect on how the dynamic landscape positions itself to explore diversified markets.

The role of Decentralized Finance (DeFi) in the next stage of the evolution of financial instruments

will be critical.

3


DeFi has pushed innovation by disrupting the traditional financial space through innovative

products to expand the financial freedom of the average user. The permissionless financial

system has allowed for numerous possibilities to dive into a new financial age through sleek and

intuitive financial primitives.

Therefore, projects are making unwavering efforts to execute the mission of financial inclusion,

starting with the inception of DeFi. Despite the COVID-19 pandemic, Defi has surpassed all previous

achievements in 2020 due to a massively growing demand for its products.

2020 witnessed the DeFi landscape crossing a total value threshold of USD 13.5 billion spread

across various DeFi protocols – yet this represents only a fraction of the total potential. Certainly,

with the continued momentum, the DeFi ecosystem promises a sustained growth of over USD 100

billion over the course of next few years. As current DeFi applications have barely scratched the

surface of what is possible, it is estimated that the next engine of growth will be to pick drive mass

adoption. The ultimate goal lies in banking the unbanked 1.75 billion people globally to resolve

prevailing issues of the traditional financial landscape.

The same is expected to be achieved by constituting attributes, such as a more user-centric

approach, cost-effectiveness, financial inclusion, seamless transaction mechanisms, and

financial awareness. Currently, the DeFi industry is in its beginning stages; thus, there is a lack

of intuitive infrastructure for novice users to engage in the ecosystem actively. This can create a

navigation challenge for potential users. Its prerequisites constitute a steep learning curve and a

proper command over technology, which contrasts with traditional financial systems.

“High volatility and information asymmetry are a few of exceptional

challenges that lead to lower adoption of DeFi among novice users, with

millions of potential users waiting on the sidelines for better infrastructure.

The DeFi ecosystem needs to be made more accessible.”

4


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 current fragmentation plaguing the

DeFi industry through a lack of available user support, 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.

“To be a truly decentralized platform; where decision-making must be

made and governed by the people and not centralized finance authorities.

TribeOne is working towards solving inefficiencies in the digital lending

space by creating intuitive, easy to use and long-term solutions.”

TribeOne Vision & Mission

TribeOne aims to create a tightly-knit community within the global blockchain ecosystem. That

includes lived values such as mutual supporting, respect for all, material generosity, prioritizing

the interests of the community over one’s own, and equal opportunities for all. TribeOne aims

to present solutions that are accessible to all and can be equally beneficial for lenders and

borrowers. The TribeOne platform shares the values of the Samoan tribes, which is reflective in

our product names being derived from Samoan culture.

5


The cryptocurrency industry is based on a simple premise: The people should be fully in control of

their finances. While this seems like a simple and obvious statement, the current systems are far

from providing financial services that are truly under the control of the people who use and need

them.

The mission of TribeOne is to give people (and machines and devices) seamless access

to decentralized financial services by integrating blockchain functionality in DeFi. TribeOne

provides high transaction throughput, reduced risk of errors, and intelligent feature development

specifically for the fulfillment of Satoshi’s original dream: To create a reliable alternative form of

financial services built on top of the blockchain.

The TribeOne lending platform aims to bring together borrowers into a fair and democratic

voting community with the goal of making all sizes of loans, from micro loans to six-figure loans,

available without the oversight of a bank and completely governed by the community. Therefore,

the community directly profits from its own involvement.

The current credit system is fundamentally flawed. The TribeOne platform corrects this by

facilitating a community-voted and approved lending program for borrowers on the blockchain,

that is completely based on reputation without the ability to see race, color, or an individual’s

background.

TribeOne is an advanced decentralized financial ecosystem focusing on simplifying DeFi products

for users by highlighting traditional finance’s key components. With ongoing work on the Polkadot

Network, TribeOne fully integrates a multi-chain interoperability, thus proposing a large number

of financial transactions, which constitute savings, loans against assets, unsecured loans, and

trust loans.

At TribeOne, we are thriving towards building a comprehensive and integrated solution for the

ever-advancing DeFi ecosystem to assist the broad mass of users in their financial journey. Thus,

we are primarily focusing on the following significant and consumer-centric products

Understanding Lending Services

6


TribeOne Key Products

TribeOne aims to enhance the adoption of the DeFi ecosystem with its easy-to-use interface. It

comprehensive functionality offers an efficient utilization of digital assets to outplay the prevailing

dynamics in the permissionless space. The TribeOne ecosystem can push for mass adoption of

DeFi by diminishing entry barriers, revising accessibility, and ensuring maximum usage for all

market participants on a large scale.

7


TribeOne will be launched using peer-to-peer (P2P) lending using peer-to-peer (P2P) lending

initially and based on our user base growth traction, we will move onto pool contracts to enhance

user experience and satisfaction.

TribeOne Lending Protocol

Benefits of P2P Lending for Investors and Lenders

1. No middleman = more money.

Unlike banks, we won’t make the decision of how much you want to earn and who you want

to lend your money to for you. The interest rates and amount are agreed upon directly

between borrowers and investors.

2. A steady source of passive income.

A passive income means you do not have to put consistent effort into generating it. This

income is generated on a regular basis and you either re-invest it, save it, or use it. When

you begin to receive the payments of your loans, you will have created a passive income

source depending on the interest rates you settled on with your borrower.

8


1. No middleman = more flexibility and low costs.

You will directly negotiate and agree with your future investor about the terms of the loan.

Instead of being forced to accept certain conditions, you get to choose who you want to

transact with and on what terms.

Benefits of P2P Lending for Borrowers

2. Fixed rates.

Once you settle on an interest rate with your lender, this rate won’t randomly change,

making it impossible for you to keep up with payments which could even lead to defaulting

on payments and subsequent interest rate hikes. Instead, you can now better plan your

cash flow with certain loan terms.

3. No pre-payment fees.

If you choose to pay your loan off early, there won’t be a penalty.

9


The current financial system allows for the exchange of value easily through debit and credit

cards, and the exchange of currencies for goods and services through digital banking. It also

allows individuals to store wealth, save money and earn interest on those savings. Lastly, banks

and other lenders provide individuals and businesses access to capital (through loans).

Despite the services mentioned above, current financial systems have significant issues:

• Unequal access to financial services. According to the World Bank, about 1.75 billion people

worldwide do not have access to financial services.

• Censorship. In countries that suffer from poor governance and corruption, people are

sometimes unable to protect their wealth. Intervention comes in the form of governments, central

banks, and big corporations.

• Counter-party risk. In financial transactions, such as loan transactions, there is a risk the

other party will not meet the payments.

• Lack of transparency. There is room to improve transparency in financial corporations,

especially since the financial sector’s duty to transparency contributes to the stability of the

system. Lack of transparency and access to information was one of the causes of most global

economic crises.

Addressing many of the shortcomings of the current financial system, DeFi challenges the old

order by offering new possibilities:

• Globally available and transparent.

• Removes the need for reliance on central banks and governments.

• Allows increased access to financial services to those currently excluded from the financial

system, due to physical location or resources.

Barriers in Traditional Lending and DeFi

10


Legal Issues

• Does not rely on third-person intermediaries, such as banks and arbitrators, since users

interact on P2P networks.

• No company or employees manage it. DeFi runs based on smart contracts deployed on

the blockchain. Designed to be self-executing, they require minimal to no human intervention.

• Some DApps are interoperable with other DApps, much like connecting Lego blocks or

entire Lego sets that are interoperable with each other.

• All you need to participate is an internet connection, a device, and a cryptocurrency wallet.

DApps can provide a variety of services. Some DApps enable lending and borrowing, with minimum

loans of just $25 and a maximum of $2M (Nexo, Salt Lending, Bankers, and Oasis). Others enable

margin trading, where customers can use borrowed funds from a broker to trade a financial asset

that forms the collateral for the loan from the broker (Margin DDEX, NUO, and dYdX). There are also

completely decentralized exchanges that operate with no central authority (IDEX, Ox, Bisq, and

Bancor).

when it comes to regulated sectors like financial services. In this sector, there has traditionally

been some form of central counterparty, often regulated. Within a particular system or process,

that central party is accountable. It takes responsibility for providing services to all the other

participants through a contractual framework underpinned by the legal and regulatory structure.

An example of this is the role of a central bank or other institution in clearing and settlement

processes.

However, in many blockchain uses, such as DeFi, no such centralized party takes responsibility

for providing services or controls the associated data sets. This, therefore, presents jurisdictional

issues.

The vast majority of countries’ laws and regulations envision centralized

businesses or structures with a singular seat of control and responsibility.

Deviating from this arrangement poses a challenge from a legal and

regulatory perspective and raises enforcement issues. This is particularly true

11


Cross-border interconnectedness involving participants in different sectors at different

geographic locations is not unique to new decentralized technologies. Still, legal and compliance

risks could arise around the question of which laws and jurisdictional authority apply to a given

set of transactions. For example, the enforceability of a digitally signed contract may vary across

jurisdictions, as might the available tools to resolve disputes. Consensus on the designated

location may be more difficult to reach if the network scales up quickly. The novelty and subsequent

unclear legal value of smart contracts in many jurisdictions may lead to disputes. This is especially

true in P2P lending in a DeFi system, where the location of parties is unclear. Thus, the regulatory

frameworks applying to P2P platforms can vary by jurisdiction.

Our leadership team’s vast experience foresees that there would be teething issues of traditional

finance which might extend to the decentralized ecosystem and due to the anonymity of users

it can become challenging to pursue the defaulters. In consideration of future concerns, there

would be a mix of centralized and DeFi aspects in specific products to ensure that the platform

is able to withstand anomalies and grow with stability. Hence non collateralized loans may have

some form of KYC to minimize the risk for the investor.

Most DeFi applications to-date are representations of existing financial instruments or systems

built using smart contracts. Smart contracts are encoded in hardware and software that bind

parties to enforce automatically the terms of the agreement. DeFi actually places the technology

in the position of the typical counterparty and decentralizes the power to control and modify

those technology systems.

12


Regulation

The decentralization of financial services can vary in the degree to which it affects

different segments of financial services, but generally takes three broad forms:

Decision-making

This means veering away

from a single trusted

financial intermediary

or infrastructure toward

systems in which a

broad set of users is

able to make decisions

about whether and how

to undertake financial

transactions.

Risk-taking

This represents a shift

away from the retention

of risk (e.g., credit

and liquidity risk) on

the balance sheets of

individual traditional

financial intermediaries

toward more direct

matching of individual

users and providers of

financial services.

Record keeping

This involves a move

away from centrally held

data and records toward

systems in which the

ability to store and access

data extends across

broader consortia of users.

Verification of such data

and records may also

be more distributed, for

example via consensus

mechanisms.

Regulators are lagging behind, and DeFi has been able to flourish in this vacuum. For instance, in

traditional unsecured lending, there is a legal requirement that lenders and borrowers know each

other’s identities and that the lender assesses the borrower’s ability to repay the debt. In DeFi,

there are no such requirements. Instead, everything is about mutual trust and preserving privacy.

Regulators must weigh the delicate balance between stifling innovation and failing to protect

society from such risks, as individuals put their money into an unregulated space, or as banks and

other financial institutions potentially become unable to make a living as intermediaries.

In summary, individuals or entities looking to establish a disruptive new DeFi application often find

they do not fit within any existing regulatory frameworks.

13


Revolution of DeFi in 2020

banks across the world have slashed interest rates to prop up economies battered by the

pandemic. Some jurisdictions, such as the Eurozone, are now in negative interest rates territory.

Others, such as the US and the UK, could follow.

In this climate, DeFi offers the potential for much higher returns to savers than Wall Street

institutions. Compound, for example, has been offering an annualized interest rate of 6.75% for

those who save with the stablecoin Tether. Not only does a user gain interest in this example, but

they also receive comp tokens. With two thirds of people who do not have a bank account but are

in possession of a smartphone, DeFi also has the potential to open up finance to this unclaimed

market.

One final important reason for the surge in users placing money into DeFi tokens is to avoid missing

out on their explosive growth. Many tokens are worth nothing or close to nothing in practical

terms, so we are seeing a lot of irrational exuberance.

What makes DeFi even more interesting is the movement of institutional investors and

traditional finance professions to DeFi as a way to break free from what the industry considers

an outdated and insular financial system. Entrepreneurs should keep DeFi on their radar as the

industry matures and continues to attract significant capital investment.

DeFi has exploded in popularity during the COVID-19 crisis. Loans on such

platforms have risen more than seven-fold since March 2020 to $3.7 billion,

according to DeFi Pulse. Investors are hunting returns at a time when central

14


TribeOne integrates important elements of a Centralized Financial System with a Decentralized

Financial System to expand the service model and scope of all financial products. DeFi has the

power to provide mainstream financial services as well as further decentralized social governance

and autonomy.

Commercial banks require a certain threshold of low risk and profitability per account to engage

in a profitable business relationship. Unfortunately, most small businesses or borrowers cannot

reach such a threshold, causing banks to decline any lending requests required to grow the small

business or improve quality of life. TribeOne seeks to disrupt the financial sector in the following

ways:

• Asset digitization. The digitization of certain types of assets will have on-chain

confirmations of a series of credit elements related to those assets, such as ownership/asset/

legitimacy, etc.

The Solution: TribeOne

15


• Regulatory compliance. If DeFi expands the service scope and category of the service

group, compliance will become an important requirement, which will involve considering the

needs of relevant assets or service element reviews of relevant users. In addition to a risk control

mechanism, DeFi must integrate the verification of service elements in a decentralized manner.

Verification of service elements cannot be carried out using a traditional centralized mechanism

with centralized storage and manual review.

In the case of DeFi-powered finances, the risk control mechanism and service elements require

the introduction of two important decentralized mechanisms:

• User self-sovereign with decentralized collaboration. Since there is no centralized

intermediary or review organization in DeFi, all financial services require users to self-manage

and authorize their actions. From the protocol point of view, financial service collaboration

mechanisms, decentralized financial product, verifiable credentials and data collaboration

mechanisms seem to be the appropriate set of Decentralized Financial Service (DFS).

• Automated service auditing and smart contracts. To achieve an automatic review of

service elements without manual intervention, it is necessary to automatically quantify service

elements through smart contracts. Therefore, various qualitative service elements must be

quantitatively processed, such as integration with a service score system. In addition, many

service factors also come from centralized data sources. In certain scenarios, Oracles may need

TribeOne will create a platform that enables community members to propose loan interest

rates through a matching engine, thus eliminating the lending-deposit spread by directly

connecting users on a P2P basis. Separately, TribeOne will provide an AI-based rating engine

(RAROC – Risk Adjusted Returns On Crypto), providing recommendations based on volatility

and past performance. The only criteria considered for the loans will be merit of project and

collateral as well as reputation provided by the borrower. Then, the community will decide on

funding the proposal or rejecting it.

Stakers are the backbone of the ecosystem and will be compensated by the dividends paid out

periodically from the treasury that is based on positive project performance of the community-

funded voting process.

16


The most salient feature constitutes smart contracts’ interoperability, which delivers the highest

APY by dynamically rebalancing and re-routing digital assets across liquidity pools that maximize

yields.

TribeOne’s vision is to leverage social capital, trust networks, and blockchain technology to create

a financial system that has aligned interests with everyone. 45% of the world’s population do

not have a bank account and the existing financial system has many contradictions built on

traditions. Moreover, the average middle income earner cannot find an affordable loan without

having a well-paying job and good credit. The un-banked are most affected from this lack of

access and misalignment of interests and are always in search of alternative financial solutions.

TribeOne aims to solve these problems by applying decentralized blockchain technology. By

developing a matching engine that connects investors and borrowers on a peer-to-peer basis, the

project directly connects investors and borrowers without any intermediaries. With intermediaries

and lending spreads eliminated, cryptocurrency interest rates will be determined by mutual

agreement between users in a free market and said rates will serve as market interest rates.

Investors can receive higher interests than they would in a centralized market, while borrowers

can lend money at lower rates, thus creating a win-win scenario. Since investing and lending

occurrences are governed by smart contracts, the project will eliminate exposure to judgment/

assessment criteria and the risk of central-server hacking.

Current cryptocurrency banking services provide deposits and loans separately rather than

linking depositors and borrowers. The services have shortcomings such as inability to provide

high deposit interest rates in a sustainable way. Such services cannot mitigate or eliminate

intermediary risks because their structure is based on a centralized model. Yet, TribeOne directly

links users, primarily through an account, and enables a variety of financial activities, based on

smart contracts reducing the operational costs which a bank has.

17


Most unbanked and underbanked consumers use a variety of informal financial tools to manage

their finances, but those can be insecure and inefficient. With more than one third of the

population living below the poverty line, minor fluctuations in income can raise significant short-

term financing needs. That can be the difference between paying a utility bill at the end of the

month, such as tuition, or buying groceries. That is why TribeOne will be introducing the following

Flagship products:

What Will TribeOne Offer?

Lending

Poloka Loans

TribeOne’s collateral-

based loan at 90% LTV

Mana Loans

TribeOne zero to low

collateralized loan

Laiti Loans

TribeOne’s flagship loan

product for micro financiers

• Loan against crypto assets Loan accessible to all

• Transparency All transactions are visible on the blockchain, thus ensuring complete

transparency to all users.

• Minimal cost transactions

• Zero Collateralized Loan Users can get access to zero collateralized loans based on their

repayment history

• Insurance Coverage Optional to all loans

18


• Flexible duration

• 90% LTV

• Coverage of up to 125% of the collateral value to avoid liquidation provided through Defi

insurance provider.

Invest

Tele Yields

Earn highest risk-adjusted

APYs across chains

Sefe Plans

TribeOne Savings

• Highest returns. Automated portfolio rebalancing mechanism across various liquidity pools

for the highest risk-adjusted APY.

• Community-driven. TribeOne governance token’s primary utility constitutes voting on Sefe

Plans.

• No upfront network fee for deposits. The smart contract absorbs the gas fee, which is adjusted

in the final APY.

• Intuitive & easy-to-use UI. Track your portfolio and APYs in real-time through seamless

interoperability, thus enhancing your overall user experience.

• Insurance: TribeOne’s DeFi insurance partner will provide insurance coverage.

• Farming: To lower down the risk, portion of the borrower’s collateral can be used to earn

interest

Poloka Loans

19


Users can pledge their crypto assets to avail loans on flexible terms and with additional security

provided. The crypto world is still extremely volatile, and price drops can hit hard and unexpectedly:

In March 2020, when the price of BTC dropped sharply, it liquidated thousands of users loans

due to the liquidation having kicked in at 90% of the borrowed amount. With our extra protection

to provide users insurance to protect their assets up to 125% through our exclusive Gap Cover

product which is being designed by with the collaboration of DeFi Insurance provider, we allow for

users to have ample time to rebalance their crypto assets within safe limits to avoid having their

loans called. This service is not available from TribeOne’s competitors.

Comparison of user taking out loan with TribeOne v/s other DeFi lending companies

After 3 months of repayment of $50 per month, the outstanding loan is $600 but due to the volatillity nature of crypto, collateral coin price dropped from $100 to $65

• Shorter tenure and low loan amounts

• Users with a of clean repayment history will be eligible to apply for loans with zero to low

collateral

• Exclusive Credit Shield designed by our DeFi Insurance partner to insure up to 80% of the

loan borrowed in the event of default

Mana Loans

20


• Loans specificalling designed for micro financiers

• These will be zero collateralized loan to support small business in growing

• TribeOne’s financial actuary (RAROC) will prescreen all users prior to them being approved

for loans

This product will serve as a flagship product which is not available in the DeFi ecosystem and will

help us in serving the unbanked.

Laiti Loans

Tele Yields

• High interest yielding product that carries mitigated risk

• Yield would be in the range of 10-30%

• Exclusive Hack Cover from our DeFi Insurance partner, will cover in case the funds in the

wallet are compromised

This product provides the liquidity pool for servicing the riskier loans, where the earnings from that

product reward users with higher earnings yields.

This will be the key product for TribeOne. The DEFI space is currently missing access to funds with

minimum/zero collateral ,which makes up for the significant requirements for borrowers in the

traditional world of financing.

Uncollateralized loans attract a wider borrower audience, where the traditional credit checks are

being replicated by the user history being created in the network.

Uncollateralized lending needs to be adopted to actually provide financing to the unbanked

population.

21


• Yield earnings would be in between the range of 4-8%

• Exclusive Hack Cover from our DeFi Insurance partner, will cover in case the funds in the

wallet are compromised

This allows users to earn interest with the peace of mind that their collaterals are insured.

Sefe Plans

NFT - An Overview

Our world has evolved primarily in the field of technology and most of the efforts are

gravitated towards digitizing every element. The current boom is majorly for digital assets,

including images, GIFs, songs, or videos. Most importantly, NFTs make digital artworks

unique and therefore sellable. Now, artists, musicians, influencers, and sports franchises

are using NFTs to monetize digital goods that have previously been inexpensive or free

of charge. The technology also responds to the art world’s need for authentication and

provenance in an increasingly digital world, permanently linking a digital file to its creator.

NFTs have become one of the most revolutionary crypto-used cases of 2021, with overall

sales up to 55% since 2020, from $250 million to $389 million. As of March 2021, it had

further exponential growth and is estimated to mark at $6B by the end of the year.

According to the NFT Report 2020, published by L’Atelier BNP Paribas and Nonfungible.com,

the value of the NFT market grew by 299 percent in 2020, when it was valued at over $250

million. Moreover, the first few months of 2021 have already seen astonishing sales even

before the sale of Beeple, which sold as an NFT at a record-breaking $69.3 million, the

third-highest price achieved by a living artist.

Apart from evolving upon what the crypto ecosystem calls “over-collateralization”,

TribeOne’s fundamental belief is that the NFT market is and will continue to expand in the

years to come.

With the current social media wave of NFT sales, there is no platform available for users to

get access to NFTs, either to borrow or purchase against.

22


Keeping an optimistic, visionary & revolutionary approach, TribeOne will enable users to

borrow/purchase, and lend involving NTFs. Users will not only have the liberty to either get

a loan to mortgage NFT, or through proposing NFTs as collateral to get a loan but can also

contribute to invest in a NFT pool and get returns out of it.

We are building a feature in the TribeOne financing platform that will help users unlock the

value of their NFT assets without losing ownership. Our main goal is to connect the DeFi

ecosystem to the NFT market where the users can get loans against their NFTs or be able to

acquire a loan to purchase a certain NFT. This feature will be available only for users who will

have a stake on our platform.

TribeOne’s Financial platform will be non-custodial and will facilitate transactions between

lenders and borrowers, where the borrower is seeking to purchase a new NFT or take a loan

against an existing NFT.

Below are TribeOne’s NFT centric products which will be offered to users.

The borrower will submit a request to purchase the NFT where it will be evaluated by the

3rd Party appraiser, the details will then be provided to the community to vote on the loan

approval based on the LTV adjudicated on the 3rd party appraisal. If the loan is rejected, the

borrower who requested the loan will have a nominal part of the staked tokens held, burnt to

settle the cost of the appraisal. If the loan is approved by the community, the loan is disbursed

and the purchase is made for the NFT, which will remain locked in the smart contract till the

loan is repaid in full.

TribeOne NFT Funding Platform

New Acquisition of NFT

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

23


TribeOne in a Nutshell

The borrower will submit the request along with the NFT held, which is then evaluated by the

3rd Party appraiser. If the loan is rejected, the borrower who requested the loan will have a

nominal part of the staked tokens held, burnt to settle the cost of the appraisal. If the loan is

approved by the community the loan is disbursed, and the NFT will remain locked in the smart

contract till the loan is repaid in full.

Investors who contribute into the NFT Invest Pool are repaid by borrowers via installments and

are repaid equally. When the asset is liquidated, TribeOne will sell the NFT asset through our

partners, and the received value will be equally split between the pool contributors.

Loan against existing NFT

Liquidation Practice

24


TribeOne DeFi Process Flow

25


TribeOne NFT Process Flow

26


One advantage of the Polkadot Network is that it is a next generation L1 network that focuses

on interoperability and defines a mechanism for different blockchains to communicate while

maintaining separate state-transition functions. This potentially allows separated or isolated

blockchains to be networked together, forming a sort of “internet of blockchains,” where private

chains can be firewalled from public chains such as Ethereum, but are still be able to communicate

with each other via pre-defined state-transition functions, similar to the internet handshake

protocols used today to establish networking. For TribeOne, the advantages of building on

Polkadot include:

True interoperability. TribeOne will be one of the first cross-chain DeFi yield engines. Polkadot’s

unique architecture compartmentalizing standardization and validity allows many divergent

consensus protocols, open and closed networks to achieve interoperability.

Flexible and Open Source underlying architecture. Polkadot is powered by Substrate, a

fully open source infrastructure project that can be used to build Polkadot compatible blockchains.

Some of the more advanced features of the TribeOne Protocol might require a custom state-

transition function, thus having the option to create a custom Polkadot compatible chain is critical.

Economic and transactional scalability. Polkadot is built to be scalable from the

ground up, compared to first generation smart contract platforms, such as Ethereum 1.0, that

has experienced severe network congestion issues, causing security vulnerabilities and irregular

market behaviors. TribeOne also wants to leverage a highly scalable network so that gas fees can

be kept to a minimum and not eat into the profitability of users’ yield farming or staking.

Decentralized governance. Polkadot’s governance system is a DAO where all stakeholders

have a voice. Upgrades to the network are coordinated on-chain and enacted autonomously,

ensuring that Polkadot’s development reflects the values of the community and avoids stagnation.

This is compatible with TribeOne’s decentralized, stake-based governance, and prevents risk of

any security from centralization.

TribeOne Network Architecture

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TribeOne Core ArchitectureThe technologies to create the TribeOne platform architecture are:

• Modern JavaScript front-end applications written in AngularJS with Socket.io for

streaming quick & real-time updates

• NodeJS, and Java backend technologies structured in microservices architecture for

easy scaling

• Cloud hosting in AWS for deep stack monitoring

• Cloudflare CDN and Firewall for network optimization and DDOS protection

• IPFS for tamper-proof, immutable database management

• Polkadot (using Substrate) as the blockchain solution due to its flexibility of working with

various other blockchain projects through their Parachian architecture

As TribeOne progresses in its decentralized initiatives, we may consider building our own

blockchain if Polkadot is not able to support our long-term volumes and initiatives.

Development of Loan Contracts

When a crypto loan is set up, TribeOne smart contract will be responsible for the automatic

disbursement of cash, asset maintenance, notifications, and overall management.

Development of a Repayment Analytics Module

The TribeOne smart contract will automatically record repayments and further accounts

for all transactions made by clients. Interest repayments, outstanding balances, and up-

to-date loan limits are automatically maintained at all times by the system.

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Development of Real-Time Data Aggregation

The TribeOne Oracle partner will perform real-time asset valuation based on data from

multiple exchanges at any given point in time. The TribeOne Oracle partner will maintain

live data aggregation from multiple independent sources (i.e., exchanges), which will

minimizes overall risk for both TribeOne and the client. The TribeOne partner’s blockchain

Oracle also detects live changes in asset value and will provide the TribeOne smart

contract the data required for recalculation of loan limits and LTV.

Development of Automated Notifications

All loan maintenance actions are automatically executed by the TribeOne smart

contracts without any manual intervention: change in asset value and loan limit; cash

inflows/outflows; maintenance and rebalancing warnings are issued in case of reaching

minimum crypto asset limits; individual account balances are updated with repayments;

administrative notifications are sent to the client with all relevant information.

Development of Modeling and Algorithms

In order to secure proper system functions, TribeOne integrates big data analysis, self-

regulating algorithms, and prediction modelling into the TribeOne smart contract. That

way, TribeOne can guarantee that the information received from multiple external data

sources is used for proper on-time business decision-making.

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The new paradigm of global interconnectivity requires new marketing strategies, which means

interacting with potential prospects and retaining loyal customers from around the world.

Nurturing a strong community and mutually beneficial strategic partnerships are two of the core

objectives that will empower TribeOne’s growth and success.

In order to expand and nurture the TribeOne community, we will execute multiple Airdrop

campaigns. The participants in the TribeOne Airdrop campaigns will be able to receive free $HAKA

tokens that will allow them to benefit from lower interest rates and/or higher limits on their instant

crypto loans.

To participate in TribeOne Airdrop campaigns, people will be required to fulfill predefined

conditions that will be described and distributed via multiple communication channels. Upon

successful campaign completion and meeting the predefined requirements, the participants will

receive their free $HAKA tokens in TribeOne, which they can use immediately towards their instant

crypto loans – thus already being exposed to TribeOne’s products at a minimal user acquisition

cost.

Customer Acquisition

Referrals & Affiliate Programs

TribeOne’s clients and supporters can participate in a special referral programs that reward their

efforts to attract new clients and expand the TribeOne community. The program ensures that

supporters who refer new clients to TribeOne will receive preferential interest rates on their instant

crypto loans.

Strategic Partnerships

Operating in the constantly evolving blockchain ecosystem requires a constant out-of-the-box

mindset that supports the overall development of the community and TribeOne’s business model.

Our experienced management observed a gap within the existing DeFi lending space which can

be filled by strategic alliances with retails as well as micro financiers. We completely understand

that dynamics of both relationships differ from each other and we have products which will satisfy

both parties’ needs. Our RAROC is designed to increase the likelihood of successful collaboration

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Risk MitigationIn order to minimize any risks, the TribeOne blockchain platform tracks the changes of the crypto

assets’ value placed in the TribeOne account in real time. To avoid any price discrepancies, the

TribeOne blockchain platform will draw real-time data from several different sources.

The crypto assets within the client’s TribeOne account should have enough value to cover the

outstanding loan at all times. If the price of the crypto assets placed in the account increases,

the TribeOne Oracle partner will immediately increase the amount of cash available to the client.

Should the value of the crypto assets decrease below a liquidation ratio (dependent on the assets

within the account), the TribeOne blockchain platform acts accordingly and mitigates the risk of

reaching the minimum loan requirements by a smooth repayment of the loan. There are various

scenarios, which could occur throughout the loan usage using the TribeOne platform.

Once the client has set up their TribeOne account , they agree to the terms and conditions and will

transfer crypto assets to TribeOne. The TribeOne blockchain platform automatically updates the

funds, which are instantly available to the client.

Hypothetically, a few days later, the TribeOne blockchain platform detects that the value of the

crypto assets, placed in the TribeOne Account by the client, have decreased below the minimum

required limits, which leads to an immediate recalculation of the available loan limit The TribeOne

blockchain. The platform the issues an instant notification to the client through multiple channels,

including the client’s TribeOne Account, via SMS, and by e-mail.

exponentially and our architecture completely understands the importance of building trust

within the alliance partners by having a shared alliance purpose. TribeOne aims to further evolve

by creating a gateway to other partner money lenders to open access of funds for all and not

restricting the micro financiers, only to one source when the whole world should be open to them

based on their profile. This gateway will be monitored and updated by TribeOne to ensure that the

borrowers’ credit rating is available to our strategic lending partners.

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The Token Ecosystem We are building the TribeOne Platform to allow our members to lend and borrow a variety of

different crypto assets. The TribeOne Token $HAKA will be key for users who wish to lend or borrow.

$HAKA features are central to our unique selling proposition. Its $HAKA functionality is critical to

the success of the TribeOne platform. The interplay of $HAKA use cases is designed to encourage

loyalty to TribeOne while simultaneously increasing the distribution and liquidity of the token. The

Token usage will be as follows:

Zero- to Low-Collateralized Loans

• $HAKA will play a key role for anyone looking for a low-collateralized loan. To

apply for such a loan, the user only needs to provide 20% of the loan as collateral

in $HAKA tokens to access lending options.

• The LTV is decided on the past performance of loan payments taken through

TribeOne

Early Repayment Rewards

• Any user wanting to settle their low- or zero-collateralized loan early, will be

rewarded in $HAKA based on specific tiers designed on early settlement payment

options.

Discounts on Collateralized Loans

• $HAKA tokens can be used to stake in XTO – one of the staking options – which

opens access to discounts on the collateralized loan interest.

• A user with staked $HAKA tokens at the end of the loan term will also be rewarded

based on their staking options

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Lending Rewards

• Users who invest in the Tele Yields will have the option to receive the savings in

either BTC/ETH or USD. However, if they choose to opt into withdrawing in $HAKA,

they will be rewarded in additional $HAKA tokens which have multiple other uses

on the platform.

Slot Allocation on NFT Financing

• Users will have to pay a service fee in $HAKA to be part of the slot allocation on

the NFT Pool Investing.

• Users can select the option of receiving an early payout by paying in $HAKA.

• In addition, users who opt to go for later spots are rewarded in $HAKA.

Staking Discounts

• Users will also have the option to stake $HAKA tokens and earn staking rewards.

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Token Distribution

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WHITEPAPER - TribeOne

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