🪙Tribal Prime: Tokenization Platform and Subsequent Chain on Base
Tribal's tokenization platform converts real world assets into blockchain tokens. This platform supports EVM-compatible contracts written in Solidity and handles ERC20, ERC721, ERC1155, ERC3643, ERC1400 and other compatible token standards.
Tribal Chain will be Built on Base for several reasons.
Scalability and Performance:
Optimized for High Throughput: Base, a layer 2 solution on Ethereum, is designed to handle a large volume of transactions with low latency and high throughput. This scalability is essential for Tribal, which needs to support a growing number of tokenized Real World Assets and a high volume of transactions as the platform expands.
Efficient Smart Contract Execution: Base provides an environment optimized for the efficient execution of smart contracts, ensuring that Tribal’s complex financial operations, such as RWA tokenization, are executed quickly and securely.
Cost Efficiency:
Lower Transaction Costs: One of the primary advantages of Base is its ability to significantly reduce transaction costs compared to Ethereum’s mainnet. This is crucial for Tribal, as it allows the platform to offer more competitive fees for users who may be sensitive to high transaction costs.
Economic Feasibility for Microtransactions: With lower fees, Tribal can facilitate microtransactions and smaller financial activities that might be cost-prohibitive on other platforms, thus broadening its user base and service offerings.
Security and Reliability:
Built on Ethereum’s Proven Security: Base leverages Ethereum’s robust security framework, ensuring that Tribal’s platform benefits from the strong security guarantees of the Ethereum network. This is critical for building trust with users, particularly those dealing with high-value RWAs.
Enhanced Uptime and Reliability: Base is designed to provide high reliability with near-constant uptime, which is essential for Tribal’s operations that require continuous access to the platform.
Interoperability and Ecosystem Integration:
Seamless Ethereum Compatibility: Base maintains full compatibility with Ethereum’s ecosystem, allowing Tribal to easily integrate with a wide range of DeFi protocols, tools, and services available on Ethereum. This compatibility is vital for Tribal to leverage existing infrastructure and expand its services.
Access to Ethereum’s User Base: By building on Base, Tribal taps into the vast and active Ethereum user base, which includes a large community of developers, liquidity providers, and DeFi enthusiasts. This access can drive adoption and participation in Tribal’s platform.
Consumer-centric chain with massive user base:
Millions of existing users: Coinbase has more than 100M verified users. We expect a portion of these users will onboard to Base to participate in on-chain activities such as trading RWAs.
Developer-Friendly Environment:
Robust Development Tools: Base offers a range of developer tools and resources that make it easier to build, test, and deploy smart contracts and decentralized applications (dApps). For Tribal, this means faster development cycles, more innovation, and the ability to bring new features to market quickly.
Strong Support and Documentation: Base is backed by Coinbase, which provides extensive support and documentation for developers. This support ensures that Tribal’s development team can efficiently navigate any technical challenges and build a robust platform.
Strategic Partnerships and Ecosystem Growth:
Coinbase’s Strategic Influence: Base is developed by Coinbase, one of the most trusted and influential companies in the crypto space. Building on Base positions Tribal to benefit from potential partnerships, integrations, and marketing support from Coinbase, enhancing Tribal’s visibility and credibility in the market.
Future-Proofing with Layer 2 Technology: As the demand for decentralized finance (DeFi) grows, Base’s layer 2 solution ensures that Tribal is well-positioned to scale and evolve with the industry, offering advanced features and services that meet the future needs of its users.
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