NFTs are the current big thing — not only in the crypto world but across the traditional world. These non-fungible tokens hold great numerical value and extensive asset value. But how does one leverage the monetary and/or financial value of an NFT?
Let’s find out!
TribeOne is building an all-in-one dApp for all NFT enthusiasts who want to lend, borrow and invest in non-fungible tokens with little to no hassle. Along with all the exclusive features offered on our platform, TribeOne has one that is particularly unique — self-liquidation of your financed NFT.
Want to know more?
Let’s get straight into it…
On our consumer-centric platform, users can simply liquidate their NFT (which essentially means giving up custodianship of your financed NFT to enable its availability back on the marketplace to be bought and sold once again) whenever they desire.
Additionally, users can also make instant profits by self-liquidating their financed NFT.
Crazy right?
Let’s understand with an example!
Alexa purchases an NFT with a minimum 25% down payment from TribeOne’s platform through our NFT-financing solutions. Once she is the custodian of the NFT, (which she will be until her loan is repaid) she can simply choose to self-liquidate her financed NFT when the price of the asset rises. This will leave her with a huge additional profit, because not only has she earned back the amount invested during the financing process, but also the additional amount that the rise of the price of her NFT generated.
TribeOne provides users with this unique feature that will allow them all-in-one access to the massive world of NFTs. We believe that users should have full control to make a financial decision for their favourite NFT, irrespective of the status of ownership.
To conclude, TribeOne aims to be a completely decentralized, community-driven platform that offers users an ecosystem of boundless possibilities. With our dApp, we want to amalgamate the best of the DeFi and NFT spaces and build a transformed crypto world.
About TribeOne
TribeOne is the world’s first AI-powered decentralized financial platform backed with RAROC (Risk-Adjusted Returns On Crypto) technology. TribeOne is an NFT, lending, borrowing, saving, and credit risk platform that offers a seamless experience; to the users through its innovative consumer-centric products. The platform will break barriers in the traditional financial ecosystem and revolutionize the DeFi sphere as a whole. Providing the community with a platform to lend, borrow and invest in crypto assets and NFTs. Therefore, offering an unconventional experience for all.
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