Tribe3 Token Airdrop Guide: LIVE NOW!

Tribe3 testnet is currently live, which means users of the protocol can potentially qualify for an airdrop. In this article we will explain what Tribe3 is and what you can do to position yourself for the airdrop.

You can use our referral code 89G4IJ5 to sign up with their testnet!

What is Tribe3?

Tribe3 is an interactive NFT futures exchange that enables users to participate in gamified trading of NFT perpetual futures with leverage. In addition to trading, users can take part in NFT tribe battles against fellow community members, earning valuable in-game items that can be used to create unique and personalized NFT avatars.

Unique Selling Point

Tribe3 is trying to solve the issues of high transaction fees, unaffordable floor prices, and low liquidity in the NFT market by introducing NFT perpetual floor price futures with leverage. They are essentially building a trading platform for users to get price exposure to NFTs via futures without the need to own the underlying NFTs. Moreover, they want to make the experience fun for users by adding gamified and social elements.

Who is the Team behind Tribe3?

Tribe3 was founded by Leo, who previously worked in private equity investments at the EQT Group and leveraged finance at Citi. Their team consists of skilled professionals from finance and computer science backgrounds, based in Asia. Tribe3 is backed by well-known venture capital firms including The Spartan Group, Infinity Ventures Crypto (IVC), and Newman Capital.

Does Tribe3 have a Token?

Although Tribe3 has not officially announced a token launch or an airdrop, rumors on Crypto Twitter are speculating that it is very likely there will be. This is because a utility token is necessary to power a gaming ecosystem like Tribe3, and it can also help to reduce fees for trading. Additionally, the project is backed by multiple venture capital firms, which typically indicates a token issuance and allocation as a form of payout for their investors.

How to Receive Potential Tribe3 Airdrop?

Time needed: 10 minutes.

The best way to receive a potential Tribe3 airdrop is to register and interact with their testnet. There are primarily three things which we can do on the platform: trading, battling, and building your own NFT avatar. These are on-chain activities that can potentially qualify you for the snapshot.

Connect Your Wallet to Goerli Test Network

Go to testnet.tribe3.xyz and connect your MetaMask wallet. Switch the network to the Goerli Test Network. At the top screen, you can use our referral code 89G4IJ5

Claim GoerliETH from Faucet

To get testnet tokens on Tribe3, you will first need some GoerliETH for gas fees. Go to goerli-faucet.mudit.blog or goerlifaucet.com to claim some GoerliETH.

Get TETH on Tribe3

After obtaining some GoerliETH in your wallet, you can open your wallet details by clicking on the top right corner of the screen. There you will see “Get TETH” at the bottom, which is the testnet token on Tribe3. Click it and approve the transaction, and you will have 20 TETH. Keep in mind you can only claim it once, as each user will only be entitled to receive a maximum of 20 TETH.

Trade NFT Collections

Go to “Trade” and select any NFT collection you would like to trade by clicking the dropdown menu “Switch Collection” to trade. You’ll see a chart that shows the collection’s floor price variations over a 1D, 1W or 1M timeframe.

Afterwards, you can set up a long or short order with leverage. You can also adjust your collateral ratio located at the right tab, “Adjust Collateral.” The higher the collateral ratio, the lower the chance of your position being liquidated. Click on “Show Advanced Details” to see important information such as contract size, entry price, and liquidation price.

Now, if you want to close your position, click on the middle tab, “Close.” You can adjust the slider to partially or completely close your position.

You can check all your open positions at testnet.tribe3.xyz/dashboard. Also, they made a leaderboard to show the highest performing traders. Being at the top could potentially increase your airdrop chance and size!

Avatar and Battle (Coming Soon)

Both the Avatar and Battle features are coming soon, and they may also be possible airdrop criteria. Stay up to date on their Twitter or Discord channel for updates on their release!

Airdrop Review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of Airdrop: Although Tribe3 has not made any official announcement regarding a token launch or an airdrop, it is very likely that they will conduct a token launch and a retroactive airdrop to gain traction, given the gamified ecosystem’s need for a utility token for transactions and the backing of multiple venture capital firms.

Airdropped Token Allocation: There are no available tokenomics yet.

Airdrop Difficulty:

Token Utility: Their token utility is unknown, but if there is a token, it is likely it will be used for battle rewards, to NFT Avatar upgrades, and transaction fee reduction.

Token Lockup: There are no available tokenomics yet.

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