WHITEPAPER - TribeOne

1 WHITEPAPER . 1 TribeOne WHITEPAPER Table of Contents 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. TribeOne WHITEPAPER 2. Financial Markets Background & Status Quo 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: 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.

2 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. 3 TribeOne WHITEPAPER 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.

3 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. TribeOne WHITEPAPER 4. 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.

4 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 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 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.

5 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.. 5 TribeOne WHITEPAPER TribeOne vision & Mission 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.

6 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 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. TribeOne WHITEPAPER 6. Understanding Lending Services The cryptocurrency industry is based on a simple premise: The people should be fully in control of their finances.

7 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.

8 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 7 TribeOne WHITEPAPER TribeOne Key Products TribeOne aims to enhance the adoption of the DeFi ecosystem with its easy-to-use interface.

9 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. TribeOne WHITEPAPER 8. TribeOne Lending Protocol 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. 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.

10 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. 9 TribeOne WHITEPAPER Benefits of P2P Lending for Borrowers 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. 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.