New features are lined up for Tribally! Their development team has been hard at work, bringing exciting updates to the platform. As Q4 2024 unfolds, Tribally is preparing for major milestones such as new partnerships, token sales, product upgrades, and staking options. These are all set to enhance the overall user experience, making this quarter and beyond a thrilling time for the entire Tribally community. 

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$TRIBAL Public Sale and TGE

Tribally’s $TRIBAL token public sale is scheduled for late Q4 2024. The team recently confirmed that 5,000,000 $TRIBAL tokens will be available for sale at $0.05 each, with a fully diluted valuation (FDV) at $30 million. This significantly reduces the supply for sale by 90% from initial plans and hopes to control token inflation while supporting a sustainable tokenomics model.

Following the public sale, the Token Generation Event (TGE) will take place, making $TRIBAL tradeable on the Aerodrome DEX, the largest decentralized exchanges (DEX) on the Base network. The Tribally team is also working with Clearstone Capital, a Swiss investment firm managing over $1 billion in funds, to oversee the seed fundraising round. This partnership ensures that post-TGE, any additional demand for $TRIBAL will be met in the open market rather than through a large initial public sale. 

A large initial sale can lead to potential price manipulation, which can negatively impact smaller investors. Selling tokens in the open market allows the market to determine the fair value of the token, which is a more transparent and efficient process than a fixed price sale. This process overall helps ensure that all interested parties have an equal opportunity to acquire $TRIBAL tokens. 

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Betting on Ronin: $USDC Betting Goes Live

Another anticipated development is the integration of $USDC betting on the Ronin Network. Just like Wagers on Tribally, this update will allow users to engage in peer-to-peer betting on popular games, all accessible via their Ronin wallet. This feature is approved by the Ronin Ecosystem team and will go live in early November. Integrating with Ronin, a mainstay in on-chain gaming, promotes inclusive cross-platform play and helps expand Tribally to more users. 

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$TRIBAL Staking: New Opportunities for Passive Income

For users looking to earn passively, Tribally’s $TRIBAL Staking contract is now fully developed and set to go live on Base mainnet later this month. This staking feature offers users rewards in $USDC rather than additional $TRIBAL tokens, which keeps the token supply steady. 

Here’s how the $TRIBAL staking mechanics work:

• Reward Multiplier: Rewards are increased based on the length of time staked, encouraging long-term staking. Each staking action initiates a separate multiplier schedule, leading to a weighted distribution of rewards. Rewards calculations are applied on a per user per schedule basis. 
• Linear Rewards Pool: As betting volume grows, so does the pool of $USDC rewards available to stakers, aligning rewards with platform activity. Staking reward amounts and eligibility are calculated on a 24-hourly basis. $USDC is allocated against a 24-hour staking reward period based upon the market close time of the betting market it was generated from. 
• Anti-Cheat Mechanisms: To discourage manipulation, no rewards are earned for the first 7 days of each staking schedule.
• No Lock-Up: Users can withdraw either partially or fully at any time, with no cooldown on claims, offering flexibility and control.

Through these mechanics, Tribally’s staking system aims to provide an easy way for players to benefit passively from platform activity. 

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Product Roadmap: Future Plans and Updates

In line with all these new features, Tribally has released an updated product roadmap. This roadmap not only includes the recent advancements in $USDC betting but also outlines several upcoming improvements and expansions. Through updates on the Tribally whitepaper, the team has shared insights into both the immediate upgrades and how they intend to take the product forward from where it is now. 

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New Partnerships: Expanding the Tribally Universe

Tribally is also broadening its horizons through various strategic partnerships. By connecting with other leading games, it aims to expand its ecosystem and bring exciting opportunities for players. 

Here are their latest partnerships:

• Goat Gaming: As a popular destination for skill-based games on Telegram, Goat Gaming introduces another dimension to Tribally’s offerings. Gamers on the Tribally platform can look forward to engaging with Goat Gaming’s challenges. Season 2 of Road To $GOAT is currently underway, and there are several ways to earn points such as playing games, completing quests, and accomplishing daily spins. Tribally’s Tiki NFT holders also receive a 50% points bonus!

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• Lumiterra: This multiplayer, open-world survival crafting game powered by the Ronin Network allows Tribally users to experience a game focused on creation and exploration. Users are placed in a vast open world where players must gather resources, craft gear, and form alliances to thrive. The game will soon be opened up for Closed Beta Test 2. For those who enjoy survival games, Lumiterra brings a new genre into the mix, which should appeal to adventure-focused players.

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• Pixel Heroes: A free-to-play MMORPG available on iOS and Android, Pixel Heroes is set to go live on the Ronin Network and offers yet another exciting experience for Tribally gamers. With pixelated graphics and an immersive RPG format, this game is sure to bring in new fans and a retro vibe to Tribally’s offerings. Tiki NFT holders captured by the snapshot last Wednesday will also get rewards in-game. Wood and  Stone holders will receive 10 Mystery Key Pieces while Metal, Gemstone, and Divine holders will receive 10 Mystery Key Pieces and 1 Premium Mystery box.

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These partnerships not only enhance the variety of games but also bolster the SocialFi aspect of Tribally, fostering community engagement and social interaction. 

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With all these updates on the horizon, Tribally is setting a clear path toward building a sustainable and thriving gaming ecosystem. On-chain gamers have no shortage of features on Tribally. Be it token sales, betting, staking, or experiencing diverse games, users can expect that Tribally has something on the table. 

To learn more about Tribally’s latest developments and staking mechanics, check out their updated whitepaper. 

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