Meet Tribal Token: The first token that helps emerging market companies grow

Editor
Published on:
October 14, 2022

Small and medium businesses (SMBs) employ the majority of workers in emerging markets like Latin America and the Caribbean. Despite their importance, SMBs constantly face obstacles in accessing the financial services they need to grow. How can companies in the emerging market benefit from the Tribal Token and Boomerang rewards program?  Read on to find out!

What is Tribal Token (TRIBL)?

Tribal is the first token designed to help emerging market enterprises grow. It is the token for the Tribal financial ecosystem for emerging market businesses. An ERC-20 token, TRIBL provides ecosystem participants with powerful utilities like:

  • Rewards: Usage of Tribal Credit's financial tools, including Tribal corporate cards, are rewarded with TRIBL via Boomerang Rewards. 
  • Discounts: TRIBL can be redeemed for discounts on Tribal Credit packages as well as higher rewards tiers.

Tribal Token on Ethereum

For members of the Tribe who are less familiar with blockchain: A blockchain is a shared, immutable ledger for recording transactions, tracking assets, and building trust. Put simply; a blockchain is a database that distributes information securely across many different computer servers in order to protect against fraud and hacking.

As discussed in our previous articles, blockchain technology has exciting benefits for customer rewards. You can read those articles here and here.

Tribal Token is based on the Ethereum blockchain, one of the biggest and safest blockchain networks in existence. You can view the Tribal Token supply here. In September 2022, Ethereum transitioned to a Proof-of-Stake (PoS) consensus mechanism, dramatically reducing the network’s energy consumption. This means that the Tribal Token enables utility that is sustainable financially as well as environmentally!  

What is Boomerang Rewards, and how does it work? 

Boomerang Rewards is the first loyalty program in the world to use tokens to honor the efforts and loyalty of emerging market companies. Boomerang Rewards is an exciting new opportunity offered through Tribal Credit that delivers powerful cashback for SMBs’  business expenditures. Every expenditure via Tribal Cards can bring companies back robust savings and cashback in the form of Tribal Tokens (TRIBL).  

What are the benefits of TRIBL for emerging market companies?

Using the Tribal Token, companies will be able to access the robust benefits of the Boomerang Rewards Program, such as powerful cashback rates on their expenditures, discounts on subscription packages, and much more. 

Conclusion

Tribal is changing the game for emerging market businesses, beginning with Boomerang Rewards. Stay tuned for more updates on how Tribal is unlocking the future of finance for SMBs!

‍Disclaimer: TRIBL tokens can only be purchased, earned, held or redeemed by non-U.S. persons. U.S. persons are prohibited from purchasing, earning, holding or redeeming TRIBL tokens. A “U.S. person” is any natural person resident in the United States or any entity defined as a “U.S. person” by SEC Rule 902(k). “United States” means the United States of America, its territories and possessions, any State of the United States, and the District of Columbia.

TRIBL tokens can only be purchased, earned or redeemed by non-U.S. persons. U.S. persons are prohibited from purchasing, earning or redeeming TRIBL tokens. A “U.S. person” is any natural person resident in the United States or any entity defined as a “U.S. person” by SEC Rule 902(k). “United States” means the United States of America, its territories and possessions, any State of the United States, and the District of Columbia.”