Tribal Community Update - February 2023

TRIBL Team
Published on:
February 3, 2023

Hey Tribers,

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The DeFi winter is beginning to thaw, and the first signs of spring are starting to appear. Enthusiasm for DeFi innovation focused on the real world is mounting, and many protocols are now retrofitting to enable exposure to real-world assets (see MakerDAO and Maple). Meanwhile, Tribal has real-world impact in our DNA, and the Tribal Token is already delivering powerful utility for emerging market companies. We are confident that 2023 will be a landmark year for the Tribal Crypto Ecosystem. Here are some exciting updates on the growth of the Tribal Ecosystem.  

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Tribal Credit adds world-class crypto team members

Tribal Credit recently welcomed new team members with wide experience throughout the crypto ecosystem.

Josh Ransom joined Tribal Credit as Director of Blockchain Engineering, where he will coordinate smart contract development and deployment. Josh previously worked as Head of Engineering at bonq and Principal Software Engineer at Parallel Finance.

Garrett Allen joined Tribal Credit as Director of Crypto Product, where he will coordinate blockchain product design and roadmapping. Garrett previously served as Head of Product at Infinity, a decentralized NFT marketplace. Prior to that, Tribal served in product management roles at Better.com, ConsenSys, and Intuit.

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Boomerang Enterprise Staking launches

Building upon the early success of Boomerang Rewards, the Tribal Ecosystem launched Boomerang Enterprise Staking in January 2023. This initiative allows emerging market companies to stake Tribal Tokens for enhanced rewards, further demonstrating the utility of the Tribal Token.

Tribal Credit is working diligently to expand access to the Tribal Token to more enterprise customers, helping to scale the ecosystem.

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Some additional comments on our legal constraints

Real talk: We know that the community has often felt frustrated by the lack of updates about our progress. And listen, we get it - it sucks. The Tribal community is absolutely essential to building this ecosystem, and we cannot wait to share more updates with you very soon.

We want to explain a bit more about why our communications have been so restrained so far. As you all know, the regulatory environment for crypto is changing rapidly. From the start, we have set out to build an ecosystem that will last, and the last thing we want is for legal issues to jeopardize our impact. As a result, we are working with some very smart lawyers, who have advised us to take a cautious approach in developing the Tribal Ecosystem. Some of these measures include ensuring that TRIBL tokens can only be purchased, earned, or redeemed by non-U.S. persons. Another important rule is that we are only able to make announcements about products that have been launched to market (and not initiatives that we are planning or developing). We recognize that this temporary setup is not ideal, but it is crucial for enabling safe, sustainable growth of the Tribal ecosystem.

But the bottom line is this: Exciting things are happening in the Tribal Ecosystem. We are committed to unlocking real-world impact, and we have a world-class team and community to will help us do that.

Very soon, some of our communications restrictions will be lifted, and then we’ll be ready to involve you all in some fascinating discussions. Stay tuned!

Onward and upward,

Tribal Core Team

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The information provided in this Document does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the Document's content as such. Do conduct your due diligence and consult your financial advisor before making any investment decisions. This Document may contain “forward-looking statements”, including hypothetical or future-looking statements, estimates, and projections. Actual future results and operations could vary from any forward-looking statements in this Document. No representation or warranty is made that the assumptions upon which any enclosed forward-looking statements are based may be reasonable or guaranteed. Similarly, no warranty or representation (either express or implied) is made in regard to the accuracy, adequacy, reliability, or completeness of any opinions, estimates, statements, or other information contained in this Document. Any and all information in this Document is provided for general information purposes only and does not take into account a person’s investment objectives, financial situations, or other particular needs and parameters. Unless otherwise noted, information included herein is presented as of the dates indicated.

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.

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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.”