We are delighted to announce that we have partnered with Biconomy- a Next-Gen Multichain Relayer Protocol, designed to make blockchain transactions frictionless and mainstream.
Through this partnership, TribeOne users can now enjoy our NFT financing solutions and the various other features, our dApp will offer in the future without paying any gas fees!
What are gas fees?
Gas fees poses a big burden on users’ shoulders when making transactions on the Ethereum blockchain. Gas refers to the cost necessary to perform a transaction on the network. So, they are payments made by users to compensate for the computing energy required to process and validate transactions. The amount depends on the complexity of the transaction, the congestion level of the network, and the number of users interacting with the network at the same time, meaning sometimes users are required to pay higher amounts as gas fees than their entire transaction.
TribeOne x Biconomy
TribeOne’s primary goal is to become the most direct and straightforward way for users to purchase their favorite NFTs. To achieve this, we launched a revolutionary dApp, enabling users to get a loan with custom repayment schedules. We are constantly onboarding NFTs from the most popular marketplaces and expanding our NFT offerings in order to bring our unique financing solutions to a wider user base.
Not only provide tailored financing solutions, but we also allow users to explore other areas of revenue generation in crypto via NFT-flipping and self-liquidating (i.e. backing out of paying their entire loan amount and putting the NFT back on its marketplace of origin for sale).
Thanks to our partnership with Biconomy, the solutions we are offering are gas-free!
Biconomy users on the other hand will have access to TribeOne’s NFT offerings and financing solutions to easily acquire their desired NFTs.
“This partnership marks an important milestone for TribeOne as it brings us one step closer to our goal of becoming a one-stop-shop for NFT enthusiasts. Be it a trader, an investor, or a creator, our users will only pay for the service they get and nothing besides it. I thank Biconomy for enabling gas-free transactions.”
- Mehdi Suleman, Founder, and CEO of TribeOne
About TribeOne
TribeOne is the world’s first-ever NFT lending 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 NFTs. Therefore, offering an unconventional experience for all.
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About Biconomy
Biconomy is the multi-chain transaction infrastructure for the next-generation Web 3.0 applications. Through Biconomy’s powerful and easy-to-use APIs, developers can enable a simple and customized user journey so that their end-users don’t get frustrated by blockchain complexities. By solving key pain points at the crypto transactional layer, Biconomy is on a mission to bring the familiarity of web 2.0 to simplify Web 3.0 experiences that will drive mass adoption.
