In exciting news for the gaming community, Tribally is set to launch its $TRIBAL public token sale at 12pm UTC on December 4 2024. This unlocks a whole new set of options in the Tribally ecosystem, both for gamers and investors alike. 

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What is Tribally?

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Tribally is an online entertainment platform that combines gaming with various social aspects. It operates on Web3 and connects different gamers together through various activities. They provide several features such as unified gaming profiles, reputation scores, rewards, challenging other players, joining groups/guilds/tribes for community-building, and even wagering on PvP matches ! Tribally also offers several onboarding programs to help Web2 gamers transition to Web3. 

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What is $TRIBAL?

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$TRIBAL is the native token that fuels the Tribally ecosystem. Launching on the Ethereum Layer 2 Base, $TRIBAL functions as both a currency and a means of access to various premium features and benefits within the Tribally platform:

• Earning: Players can earn $TRIBAL in multiple ways, such as winning wagers, completing quests, ranking high on leaderboards, and participating in platform activities. Referrals also help players earn tokens.
• Spending: $TRIBAL is used to access premium features like the Blessings Machine (a gacha rewards machine), Group Boosts (access to a set of features and benefits for their casual group, guild, or tribe), and the Battle Pass. The Battle Pass offers exclusive benefits like exclusive daily quests, Blessings Machine win % boost, post visibility boost, profile verification badges, and much more. 
• Staking: Users can stake $TRIBAL and earn $USDC rewards generated from wagering commissions on the platform. As betting volumes increase, the $USDC commission generated for the staking rewards pool will also increase.

With the $TRIBAL token, players gain real ownership in the ecosystem, and because it’s an ERC-20 token, it can be freely traded outside the platform. This flexibility encourages organic growth and also fosters a self-sustaining economy where players have more control and opportunities to gain.

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$TRIBAL Public Token Sale Locked in for EoY 

The $TRIBAL public token sale is set for 12pm UTC on December 4, 2024. This sale offers 10,000,000 $TRIBAL tokens priced at $0.05 each through the Tribally Investment Portal. The current offering reflects a strategic decision by Tribally’s team to reduce the originally planned supply for sale. This reduction aims to control inflation which helps balance the demand for $TRIBAL in the market and support the long-term stability of the token. Any investor will be able to access the sale using $USDC through either Ethereum, Ronin or Base.

All participants have a chance to win Ruku - one of just four deity NFTs in the Tribally Tiki collection. Their win chance will be dependent on their investment amount. All participating Tribally game user accounts who connect their wallet will also receive an exclusive OG Bag Holder profile badge. 

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With only 10,000,000 tokens available, the sale creates an exclusive opportunity for early supporters and gamers. This limited supply is designed to keep the token value stable and sustainable. Through this sale, participants can access a portion of the platform’s future profits via staking. As $TRIBAL stakers earn $USDC rewards from platform wagers, they benefit directly from increased platform activity.

Once the sale ends, $TRIBAL will be listed on Aerodrome, the largest decentralized exchange (DEX) on the Base network, allowing public trading and increased liquidity. This gives participants the flexibility to engage in the Tribally ecosystem or trade the token outside the platform.

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Early Access Whitelist

Loyal gamers on Tribally, early supporters and OGs get early access to the sale with an early access period beginning November 21, 2024. The early access period also comes with a 20% discount on token sale price and tokens will be 100% unlocked at Tribally’s Token Generation Event (TGE).

The $TRIBAL Token sale provides 5 tiers for its early access whitelist with corresponding maximum investment caps:

1. Deity Tier: 50,000 $USDC cap
2. Gemstone Tier: 20,000 $USDC cap
3. Metal Tier: 10,000 $USDC cap
4. Stone Tier: 5,000 $USDC cap
5. Wood Tier: 2,000 $USDC cap

Early access allocations are first come first served. No allocations will be reserved. 

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Eligibility for each tier can be found in the image below. Players will be eligible for the highest-tier pool that their wallet meets at least one of the criteria for. A snapshot for eligibility will be taken on November 15, 2024. 

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Why the Public Token Sale is Important

The upcoming $TRIBAL public token sale is a key milestone for Tribally, impacting both the platform’s ecosystem and its community. Here’s why this sale matters:

• Broadens Community Ownership - By making $TRIBAL available to the public, Tribally extends ownership to its player base, encouraging gamers to become direct stakeholders in the platform. Ownership brings a sense of connection to the ecosystem, allowing players to invest not only in their gaming skills but also in the platform’s future. It creates an economy that rewards those who actively contribute to the platform. 
• Establishes a Sustainable Token Economy - The token sale’s limited release of 10,000,000 $TRIBAL tokens reflects Tribally’s dedication to maintaining a balanced and inflation-controlled ecosystem. By reducing the supply from initial plans, the team aims to avoid oversupply issues that can weaken token value and inflation. 
• Supports Player Earnings - $TRIBAL tokens offer players multiple ways to earn, spend, and stake within the platform. Earnings come from competing in PvP Challenges, completing quests, and engaging in Wagers. The staking system further rewards $TRIBAL holders with $USDC returns based on wagering volume. The token’s utility goes beyond in-game perks, offering gamers real earning potential and empowering them to monetize their gaming skills. 
• Encourages Future Platform Growth - Funds raised from the public sale will help Tribally expand its features, forge new partnerships, and bring in more games and players. This can create a positive feedback loop where increased platform activity boosts demand for $TRIBAL, enhances staking rewards, and draws in even more users. 

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Overall, the $TRIBAL public token sale marks the beginning of a new phase for Tribally. By being mindful of token supply and providing several use cases, Tribally hopes to move past the Web3 gaming phase of endless token minting. Gamers and investors alike can soon play and earn sustainably as Tribally $TRIBAL takes the stage. Look forward to more details from the Tribally team as the sale date approaches! 

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