TribeTokens team visionThe team envisions creating a platform that will be able to assist people who wish to carry out charity initiatives, to have a fully dedicated service for the same. Thus, they state, that anyone and everyone visiting the platform will be able to understand that all the initiatives on the platform are for a good cause. Their main focus upon commencement will be to gain traction in developing countries, where there still remain many issues that need solutions most of which can be solved by channeling of sufficient funds to various programs Crowdfunding towards charity is not a new concept even within the field of cryptocurrency. For instance, Lighthouse was a crowdfunding platform aimed at raising charity funds and was denominated in bitcoin units. The problem with such a platform was the reliance on the physical aspect of crowdfunding, in the form of a normal crowdfunding site and a patch up with the use of cryptocurrency. TribeToken, on the other hand, is fully a cryptocurrency based platform aimed at tackling the challenge of the rather physical-form of crowd funding sites.
Technical features of the TRIBE platformThe platform promises to offer safety and security. How? The platform is to be tailored on Ethereum and will work on Ethereum's blockchaining. This will ensure that the platforms cryptocurrency integrity and value is benchmarked on Ethereum. The system offers a decentralized system. This has the potential of creating a fast exchange of its tokens on the exchange markets. It also offers the chance to strengthen the security of the TribeTokens.
Finally and most importantly the platform will create an easy access to the cryptocurrency exchange for charity crowd funders. Furthermore, the platform already has plans to integrate an all-device interface to the platform. This will help charity project managers be able to track their funds much more easily.
Expected impact of the platform on the societyConsidering that the platform is primarily meant for charity it is important that we consider its impact on the society. 1. Impact on individuals.
Money raised in charity will ensure that people's living standards are enhanced. The developers of the platform are not only developing the system but will also be touting its use to various groups in developing nations. This will, therefore, increase its penetration as well as grant a demand for the TribeTokens.
2. Impact on social amenities and infrastructure.
The money collected through the charity funding initiatives will definitely go towards improving the social infrastructure for societies in developing states. In these countries, there is a tendency to have minimal access to basic social amenities such as access to clean water and adequate health services. Therefore, you can expect that the money thus raised will go a long way in uplifting the living standards of many people.
Economic impactOnce people's lives have improved it can be expected that they will be able to concentrate on income generating activities with clear minds. Moreover, some of the money will be channeled towards boosting economic activities such as farming in the project implementation locations.
ICO, objective and target
For a period of three weeks beginning on 24 July 2017, there will be a Tribe Token crowdsale. The crowdsale is aimed at collecting at least 2,500 ETH. The funds collected will be used in creating and enhancing various aspects of the platform.
ICO SpecificationsICO Starting date: July 24th, 12:00 UTC
ICO Ending date: August 14th, 12:00 UTC
Total TribeToken Supply: 200 000 000 TRIBE
20 000 000 - Team
10 000 000 - Tribe Economy
10 000 000 - Bounties and partnerships
160 000 000 - ICO remaining will be burned
Maximum goal 50 000 ETH
Token exchange rate: 3000 TRIBE = 1 ETH
Minimum transaction amount: 300 TRIBE = 0.1 ETH
20% Bonus Tokens the first 7 days after the ICO has started.
Why should you invest in this scheme?1. This scheme is meant for a noble cause and hence your contribution will go a long way in actualizing the need to improve someone's life.
2. TeamTokens will be traded on exchange platforms. If the sufficiency of the platform holds then there is an expectation of the demand increasing. This will lead to an improvement in the value of the tokens.
ConclusionThe cryptocurrency market has lots to offer to various facets of daily life. This is a commendable project that should hold. However, TribeTokens are not for the 'I buy and get rich quick' type of investor. It is meant for a self-assured moralistic type of investor. If you are one of the latter type, why not take part in the Tribe Token crowdsale?