Roadmap Update - Q4 and Beyond
$TRIBAL public sale and TGE is scheduled for Q4 this year
I’m pleased to announce that we have made several key updates to our whitepaper to represent the recent progress Tribally has made.
Bet on Ronin
$USDC betting is coming to Ronin! Tribally’s $USDC betting contracts have been approved by the Ronin Ecosystem team for deployment and soon you will be able to dive into peer-to-peer, onchain betting on all the best games from the comfort of your Ronin wallet.
Betting on Ronin will be launching in early November - let the games begin!
Product Roadmap
With our $USDC betting features now live on Base, we have published an updated product roadmap. This illustrates how we intend to take the product forwards from where it is now, and reveals a number of our longer-term goals and features.
Staking
The $TRIBAL staking contract development work is complete and all set to be deployed to Base mainnet later this month. I’m pleased to be able to share some further details on the finer mechanics of how $TRIBAL staking will work.
Key Characteristics
Staking $TRIBAL yields $USDC
Multiplier applied to rewards based on length of time staked
Each staking operation creates its own multiplier schedule
Multiplier schedules used to drive weighted rewards distribution model
Rewards calculations applied on a per user per schedule basis
$USDC staking rewards pool grows linearly with betting volume
Staking reward amounts and eligibility is 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: no rewards earned for the first 7 days of each staking schedule
No lock-up time - stakers can partial/full withdraw their stake at any time
No claim cooldowns - stakers can claim rewards at any time
For more detailed information, please read the staking page on our updated whitepaper.
Public Sale and TGE
I’m excited to say that our plans for $TRIBAL public sale and TGE are very close to being finalised, and we’re able to reveal some additional information.
Public sale will be in late Q4 this year, exact date will be announced soon
There will be 5,000,000 $TRIBAL for sale, a 90% reduction on our previous plan, at a price of $0.05 ($30M FDV)
TGE will happen as soon after public sale closes as operationally possible, with $TRIBAL tradeable on Base through the Aerodrome DEX
We have partnered with Clearstone Capital, a Swiss fund with $1bn+ FUM, to operate our Seed fundraising round. This allows us to progress with TGE without doing a large public sale, and pushes any additional demand for our token into the market post-TGE.
There are a number of other minor updates to our whitepaper, which you can read in full here.
Big love to all the legends in the community out there supporting Tribally - we rise together 🧡
Best