Tribal Token is a native coin that facilitates transactions and operations in the Tribal ecosystem to facilitate financial services for emerging market enterprises and businesses. TRBL Ltd. issued the ERC-20 token hence it is on the Ethereum blockchain. Tribal Credit's financial ecosystem works to support emerging market SMBs and give them the best leverage of traditional and decentralized finance via the token. It's popular due to its use in crypto-powered financial tools. The token helps businesses earn rewards, discounts, and easier access to credit and lending services.
A Bit About Tribal Token
TRIBL facilitates financial services in upcoming market businesses. It represents a financial ecosystem using tools that give companies better leverage over their operations through rewards, discounts, and credit. The token is used in small and medium enterprises to facilitate their financial services. Tribal Token's allocation is that 43% is for reserved and local community rewards, 34% is for its top contributors and advisors, 19% is for its early token buyers, and 4% is for the Coin list sale. Thus, the token is an ERC-20 token that enables powerful utilities for ecosystem participants. The token can be described as a reward token for financial tools' usage and is redeemable for discounts. Therefore, its users stand to gain many advantages with TRIBL.
The new coin specifically made to support small and medium sized enterprises CryptoLists.com
Tribal Token (TRIBL) is the token used in the Tribal financial ecosystem for the upcoming market enterprises. The token works to serve its purpose among startups and growing SMBs/SMEs that want to get solutions for their business expenses and imrpove how they manage their finances. TRIBL is eligible for companies and may not be available in all markets as it is unavailable to those based in the United States. The token's standard is ERC-20, with a maximum supply of 1,000,000,000. The token that TRBL Ltd issued is the first token that works to facilitate financial services for startups and rising market businesses focusing on small and medium enterprises. The token powers up a solid economic ecosystem, especially the financial tools that play a huge role in a company. The tokens help these enterprises earn rewards, gain discounts, and figure out simple ways to gain access to credit and lending services. With its ability to enable powerful utilities for the ecosystem participants, the coin is growing in popularity among SMEs.
Utility of Tribal Token?
Small and medium businesses use Tribal Token to facilitate their financial services within their companies while utilizing the powerful tools offered in the ecosystem. By owning this token, the users gain exclusive rewards in the Tribal ecosystem, discounts, and credit services. TRIBL is a utility token used to reward the usage of Tribal Credit financial tools such as corporate cards. Also, the token is used to redeem discounts on Tribal Credit packages and additional rewards tiers. Therefore, the token is helpful as it enhances the financial services for the 2000 upcoming market enterprises it serves.
The token works under the first loyalty program referred to as Boomerang rewards. The program rewards SMBs and startups for their business spending. TRIBL is used for administration within the ecosystem. Also, it is used to carry out transactions in the Tribal ecosystem. The users can also stake it to redeem tokens and acquire rewards from the network.
Tribal Token Price detailsETH Contract address: 0x6988A804C74Fd04F37DA1EA4781CEa68c9C00F86
›› Details & Tokenomics
›› TRIBL tokenomics and social media
Advantages of Tribal Token+ TRIBL enhances financial services for small and medium businesses for savings.
+ Tribal Token leverages the power of DeFi to improve access to credit.
+ Users benefit from its powerful utilities through rewards and discounts.
+ It is fast and secure with a strategic partnership with Visa.
+ The Tribal Token is set to be redeemable almost instantly.
Disadvantages- Tribal token cannot be purchased, earned, or redeemed by US residents.
- The token is only available on Kucoin until 6th April 2023.
- TRIBL is relatively new and hence not yet proven.
- There is a temporary restriction on withdrawals until April 2023.
- It's still in development and still establishing itself.
Costs▪ Rated at 6.3/10
The token's transaction costs have not been identified, according to the website. However, with the exchanges it expects to be available on, the supported trading parties will determine these transaction costs. For instance, with exchanges such as KuCoin, the token deposits are effective immediately and supported on the ERC-20 Network. The scheduled release of TRIBL shows that the costs are yet to be determined but will be updated as the token will remain exclusively available on KuCoin until 6th April 2023.
Reputation and Buzz▪ Reputation rated at 7.9/10
▪ Buzz rated at 8/10
The coin has generated much conversation around it due to being the first token that facilitates financial services for small and medium enterprises. Twitter hype around TRIBL shows how excited users are to know more about the coin. There are high expectations as users wait to see what the token will do in the near term, and how it will leverage the DeFi mullet concept it offers SMBs in emerging markets to give them the benefits of blockchain technology.
Can I withdraw the token on any crypto exchange?
The token is exclusively available on KuCoin till 6th April 2023 with withdrawals temporarily disabled till this date.
Who can use the tokens?
Only non-US residents can buy, earn or redeem the tokens.
Why are withdrawals temporarily disabled?
The temporary restriction ensures the tokens remain unavailable to US residents to comply with the Regulation adopted under the US Securities Act of 1933. Amid heightened regulatory scrutiny of crypto projects, this restriction helps to ensure that the TRIBL ecosystem can grow sustainably.
How can I earn TRIBL tokens?
The Boomerang Rewards Program enables users to earn the token as a reward for their business expenditures.
History of Tribal Token
March 2022: The token has an ICO between the 17th and 23rd of the month.
October 2022: Tribal Credit named in the 2022 CB Insights’ Fintech 250 List.