What is TribeOne (HAKA) | What is TribeOne token | What is HAKA token

In this article, we’ll discuss information about the TribeOne project and HAKA token

NFT, An enormous alliance between the art and cryptocurrency ecosystem that is redefining the concept of ownership in the digital age.

The Non-Fungible Token is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. It can be used to represent items such as photos, videos, audio and other types of digital files.

Most importantly, NFTs make digital artworks unique and impossible to replicate therefore making it profitable. Now, artists, musicians, influencers, and sports franchises are using NFTs to monetize digital goods that have previously been inexpensive or free of charge. The technology also responds to the art world’s need for authentication and provenance in an increasingly digital world, permanently linking a digital file to its creator.

NFTs are currently taking the digital art and collectibles space by the storm. Digital artists are witnessing their lives change due to the new crypto-audience. Now it aspires to redefine the DeFi space by its immeasurable worth and profitable features.

NFTs have become one of the most revolutionary crypto-used cases of 2021, with overall sales up to 55% since 2020, from $250 million to $389 million. As of March 2021, it had further exponential growth and is estimated to mark at $6B by the end of the year.’

This incredibly growing NFT movement is indicative of a larger token revolution that will fuel massive innovation and growth in the Web 3.0 protocols.

Apart from evolving upon what the crypto ecosystem calls “over-collateralization”, TribeOne’s fundamental belief is that the NFT market is and will continue to expand in the years to come.

TribeOne Glossary Terms

TribeOne aims to create a tightly-knit community within the global blockchain ecosystem. In order to do that, it is of paramount importance that all crypto users know exactly what we mean, even on technical documents such as our whitepaper. That is why we have compiled a glossary for your convenience so that users may refer to it in order to understand any terms.

1. DeFi- Decentralized finance is a system wherein traditional financial instruments do not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments and instead utilizes smart contracts on blockchain technology.
2. Smart contract- An embedded agreement within the code of a transaction between buyer and seller, usually in blockchain transactions.
3. LTV ratio — Loan-to-value ratio: It measures the relationship between the loan amount and the market value of the asset securing the loan.
4. APY — The annual percentage yield is the real rate of return earned on a savings deposit or investment, taking into account the effect of compounding interest.
5. DApp — Decentralized applications are digital applications or programs that exist and run on a blockchain or P2P network of computers instead of a single computer and are outside the purview and control of a single authority.
6. NFT- Non-fungible tokens are digital assets created to track ownership of a virtual item using blockchain technology. Each NFT can represent a unique digital item, and thus they are not interchangeable.
7. Liquidity- liquidity is the ability of a coin to be easily converted into cash or other coins.
8. Yield farming- Yield farming is the practice of staking or lending crypto assets to generate high returns or rewards in the form of additional cryptocurrency.
9. Non-custodial- Virtually all DeFi lending protocols do not require users to transfer ownership of their underlying assets. This means they can come and go as they please without any guidance or approval from a third party.
10. RAROC- Risk-Adjusted Returns On Crypto is a profitability measurement framework that analyses risk-adjusted financial performance.
11. Forced Liquidation- Forced liquidation means that the selling of loan position happens automatically when the smart contract meets certain conditions.
12. Permissionless- Permissionless is often used when describing blockchain technologies because anyone can download the digital record known as the blockchain and participate in the recording and verifying information.
13. Collateral- Collateral is something set against a loan as security.
14. Mortgage-** Mortgage** is a loan that a borrower uses by providing collateral and pays it back in installment.
15. Staking- Staking is when a person locks their capital investment for a period of time to earn interest.
16. Stop-loss insurance- A policy that protects insurance companies from large claims
17. Token burn- When tokens are removed from circulation to regulate prices
18. Tokens- Tokens are used to raise funds for the cryptocurrency and can be used to purchase products from the issuer.
19. Risk Mitigation — Risk mitigation is the identification, evaluation, and prioritization of risks to minimize, monitor, and control the probability or impact of unfortunate events.
20. Peer-to-peer finance- P2P in finance is matching lenders with borrowers.

How and Where to Buy HAKA token ?

HAKA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy HAKA token.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase HAKA from the website: https://www.tribeone.io.

The top exchange for trading in HAKA token is currently …

Find more information HAKA

☞ Website ☞ Whitepaper ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

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