Token Features
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TribeOne has adopted the values of Samoan culture, which focus on family, unity, respect, and working together as a community. In that context, our token $HAKA means war dance that indicates the power of the token for the community.
Our user-centric platform allows its users to lend and borrow a variety of different crypto assets. The TribeOne Token $HAKA will be essential 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:
$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
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.
$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
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.
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.
Users will also have the option to stake $HAKA tokens and earn staking rewards.
Another additional feature of $HAKA is that we have a token burn in place, where 10% of the profit earned from every successful transaction is used to buy back/burn tokens, therefore, creating a deflationary ecosystem. The burn will continue till the total supply is reduced to 50% hence more value for money for $HAKA holders. We foresee TribeOne being a bridge between the traditional banking users and the DeFi space so we can bring greater adoption within the crypto ecosystem by providing user-centric financial products.
