How not to miss out on accurate NFT investment opportunities ever again!

Investment, in its essence, is all about detecting the opportunity and catching it. Sounds simple, doesn’t it? Well, it’s easier said than done. Otherwise, there would be thousands of Warren Buffets on earth.

There are multiple factors that determine the success of an investor. You can be a natural with an eye for emerging market opportunities, but most of the time, you also need a certain amount of capital to start off your investment journey. Otherwise, you would be watching wealthier investors take the opportunities you detected ages ago.

This universal fact applies to any investment, including NFTs. Without enough initial capital to get you started, your chances of making 10x profits from an NFT are extremely slim. It’s well-known that NFT investments can be so lucrative that early retirement in the Bahamas is actually not a utopic dream for those who take the opportunity. But it requires being in the top 1% among NFT investors. Not in terms of the amount of capital you can put up, but in terms of the ability to create chances for yourself to take the opportunity before anyone else.

NFT loans are by far the most fitting solution to missing out on lucrative NFT investments. By taking a loan, you can put in a small amount of down payment and gain control of the NFT you choose. Why this is a wonderful idea? Let’s find out.

Why you should take an NFT loan?

NFT space has witnessed rags to riches stories. Maybe not all investors made a fortune, but a significant portion of them made sizable profits.

Take Azuki NFTs for example. On January 25, 2022, the floor price of the Azuki collection was 3.5 ETH. In just a week, the floor price reached 16 ETH.

Source: CoinGecko

A user who bought an NFT from this collection on January 26 has made a 450% profit. Over the time since the Azuki collection’s launch, there were multiple chances to make similar profits. Take a look at the all-time price changes:

Source: CoinGecko

There is no shortage of examples of NFTs that sky-rocket in price. Goblin Town NFT prices are currently making a similar upwards movement. Launched recently, Goblin NFTs’ floor price was 0.58 ETH on May 25, 2022. Only one day later, the floor price reached 2.60 ETH, earning nearly 500% profit to its early investors.

Source: CoinGecko

TribeOne’s dApp is here to help you catch the opportunity

If you were to take a loan for the cheapest Goblin NFT on May 25, you’d be required to put in a 25% downpayment and walk away with a 500% profit the next day. Let’s do the math and walk you through how this could be possible.

On May 25, 00.01, the floor price of Goblin was 0.58 ETH = $1139. To take a loan from TribeOne, you would be required to put in a 25% downpayment which equals 0,14 ETH = $284. Upon your application, we would secure the NFT for you. While it is required to complete your repayment to completely own the NFT, there is a unique feature that allows you to liquidate it anytime you want.

Using the self-liquidation feature, you can sell the NFT that you took a loan for when you feel is appropriate, without paying your installments.

You’ve put in a downpayment of 0,14 ETH for a Goblin NFT, we secured it for you, and the next day your NFT’s price hit 2.30 ETH. You felt it is the perfect time to liquidate the NFT. This would mean that you could’ve sold it for 2.30 ETH = $4471.

$4471 — $284 = $4187. In one day, you could’ve made $4187, more than enough to settle your loan. In just one day, you could’ve paid your debt and made a hefty profit.

Also, why stop there or limit yourself to one NFT? You can opt for loans for several NFTs, be it multiple pieces from the same collection or from various collections. It is important to have a diversified portfolio. By taking loans for multiple NFTs you’d be reducing your risk of loss while increasing your potential profit.

Sounds easy, doesn’t it? Because there is no reason to complicate things. We believe in the importance of a level playground when it comes to investments. No matter your financial situation or geographical barriers, you should be able to make the most out of your knowledge of NFTs.

TribeOne’s core concept is to make NFT investment accessible to all crypto users by providing simply termed and easy-to-use financing options, including zero collateral loans to purchase these digital assets. In line with that, we are constantly building a partner ecosystem with leading NFT marketplaces to offer you a wide range of NFTs to choose from.

By joining hands with trusted DeFi protocols, we aim to make NFT purchasing more convenient. Through our partnership and upcoming integration with Biconomy- a Next-Gen Multichain Relayer Protocol allowing DeFi platforms to relieve their users from the burden of paying high gas fees via a unique relayer infrastructure, we are completely gasless!

How to take a loan using TribeOne dApp?

Step 1: First, access the TribeOne dApp: https://app.tribeone.io/ and click Open App

Connect the dApp with your MetaMask wallet.

Step 2: You can find the NFT you are looking for manually or through the Import NFT function. Either search for the NFT on the Discover NFT page or simply copy-paste the OpenSea link on the Import NFT page.

Step 3: After choosing the NFT, click on the “Apply for Loan” button.

Step 4: Set the LTV (Loan to Value) ratio, payment currency, and duration for which you want to take the loan.

Read and agree to the Terms & Conditions and select Apply for Loan.

That’s it!
Now you are eligible to liquidate the NFT you chose anytime you want.

How is TribeOne’s dApp unique?

The booming NFT space is full of opportunities, yet acquiring an NFT is challenging since NFT purchases require upfront payments. Why should you miss out on great investment opportunities due to insufficient funds? TribeOne offers zero collateral loans, custom loan terms, instant loan approvals, and flexible repayment options for purchasing NFTs, making it a one-of-a-kind platform for those who want to step into the NFT space.

About TribeOne

TribeOne is the world’s first decentralized financial and NFT platform, that gives you the best of both worlds. On our instant NFT-lending dApp Users can avail a loan to purchase NFTs with just a 25% downpayment and zero collateral. Providing the community with a platform to lend, borrow and invest in NFTs through our integration with various NFT marketplaces where they can choose from the vast variety of NFTs available on our platform. Therefore, offering an unconventional experience for all. The platform is breaking barriers in the traditional financial ecosystem and revolutionising the DeFi sphere as a whole.

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