# Token Features

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.

![](/files/-MfLllD18yw8VsK-Q-uJ)

$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

![](/files/-MfLWWko8yBe-5wQgLAv)

* $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

![](/files/-MfLWl14ipA6YyZDlK4C)

* 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

![](/files/-MfLWvmG32-X1X51RxFb)

* $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

### Lending Rewards

![](/files/-MfLX7bCeRgwhrjdwEWq)

* 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

![](/files/-MfLXJBbYF3optoK1k7u)

* 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

![](/files/-MfLXaS3rT52jhHv8DdO)

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

### Token Burn

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.


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