Summary

Introduction

TribeToken (TRIBE) is a decentralized charity platform that uses Tokens to donate or create charity projects and can be traded on exchanges. It it is fully dedicated to charity projects and uses Ethereums as the underlying platform. Their goal is to create a global currency for charity projects and to help people in need and to create a decentralized Token so anyone could acquire without limitations, to create a decentralized network of projects which are stored on the Ethereum‘s Blockchain and can be controlled by a decentralized voting system.

Symbol: TRIBE

Crowdsale opening date: 7/24/2017

Crowdsale closing date: 8/14/2017

Platform for Fundraiser: Ethereum (What is blockchain?)

Analysis

Value Proposition for Investors

At the outset I should say their project has lot of red flags, like they do not have a star list of advisers, they have a 16 year old as a team member who is also their Blockchain & Cryptocurrency developer. They do not have a registered company or a foundation, they plan to raise it via the seed capital they raise. They are basically freelancers who though have extensive experience in developing websites but their charitable experience is limited though noteworthy. And finally their platform may be centralized as they initially want to develop it in PHP & Maria DB, though the smart contract part is on Ethereum.

But as an investor I can assure that I have not seen a much committed team than they are. They have been called scam and what not but they have been patient and polite in answering to people. Hence if you are really looking for a team that is long committed to their project and yourself are charitable then you should talk to them support their project they need it badly.

My View

I met their team while going through an ANN in bitcointalk. And hearing the lack of transaction to their project. And then I started interacting with the team on their Telegram channel. On talking to them further and some unsuccessful attempt to raise awareness about their project, finally sat down to write this review. While as a whole when I saw, their concept was much more practical and value proposition much more lucid and simple, still based on my interaction with the team I felt very positive about their commitment and also happy that they were planning to change their project to a community project if they did not raise enough funds.

Key Aspects

Problem

Currently funding charity projects and for charities to reach larger masses is difficult, despite the proliferation of internet, still the threat of government interference, crackdown and even lack of traction or attention of public causes is a major issue. And even if charitable projects are funded its not transparent and there is unified social platform for charities. TribeToken wants to change this situation.

Solution

TribeToken is a decentralized digital charity token based on Ethereum’s Blockchain for funding charity projects that help the society, nature, wildlife. TribeToken allows anyone with any modern device and Internet connection to contribute in charity or to create a charity project with minimal fees and fully decentralized, without any authority controlling the Tokens.

Platform

The platform works in two parts

The main platform that can be accessed via a web interface or an application on your Android or iOS phone

The smart contract part where users will be able to transfer the tokens to specific project or charity”

Features

For the charity organizations, Platform’s Smart Contract (PSC for short) will directly transfer the funds charity wallet.

The PSC Charity Project part will hold the tokens users send to the project for the donation period, then the users/admin gets notified and the funds are disbursed to the charity wallet.

Donate the tokens to a project or an organization can be done anonymously, but actions like commenting, reviewing, as well as creating projects will need registration.

Creating a project on the platform with an initial deposit of TribeTokens will earn you a certain percentage, based on that deposit up to a certain point.

TibeToken will have a special section for approved charity organizations in which users can donate tokens where it directly gets transferred to the charity of your choice.

Tokensale

ICO 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

Minimum goal 500 ETH

Maximum goal 50 000 ETH

Token exchange rate: 3000 TRIBE = 1 ETH

Minimum transaction amount: 300 TRIBE = 0.1 ETH”

Roadmap

Tribe One

For their first release, they will launch decentralized charity platform where users can donate to charity projects and create them using TribeToken.

Tribe Two

In their second release, they want to focus on mobile app usage off the platform. By creating a decentralized web application.

Tribe Three

In the third release, they want to activate the Tribe Economy.

Team

Roy Brand Founder — Concept Designer

Alexander Kozhukhov Founder — Senior Developer

Laurynas Čekanavičius Founder — Developer

Conclusion

I usually do not give biased views about projects, charity or not. And I have also lost considerably by supporting them. But then the below statement should summarize their resolve to make TribeToken a reality.

“I wish I could hear the opinion of bigger investors why they ignored this project. I know some reasons but maybe there are reasons I didn’t know yet. So, I can fix it in the community version. I am thinking about that investors can own a bit of the platform in the community version. I think this project does not have enough investment buzz to yea get real investments again I did that on purpose we wanted to be a fair project helping the world basically.”

Reference

Disclaimer: This is not investment or trading advice, always do your own independent research.

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