A step-by-step tutorial on how to interact with @Tribe3Official testnet on Ethereum Goerli network
Leveraged NFTs trading, NFTs battles and even more...
Might be the next big evolution of the NFT market 👀
🧵 Thread (1/23) 👇
Leveraged NFTs trading, NFTs battles and even more...
Might be the next big evolution of the NFT market 👀
🧵 Thread (1/23) 👇
NFTs took an important share of the crypto market
Even in bear market, there are thousands of daily ETH in sales volume
Even in bear market, there are thousands of daily ETH in sales volume
The actual problem with NFTs
• High transaction fees 👉 10% royalties + 2,5% fees are common
• Unaffordable floor prices for the biggest collections
• Low liquidity above floor price 👉 especially in bear market When there are more sellers than buyers
• High transaction fees 👉 10% royalties + 2,5% fees are common
• Unaffordable floor prices for the biggest collections
• Low liquidity above floor price 👉 especially in bear market When there are more sellers than buyers
• No way to hedge yourself 👉 your collection is getting rekt and you are not able to sell because everyone is selling, what can you do?
• No leverage
• No leverage
NFT market will never die but needs to evolve
Let's meet @Tribe3Official 👉 the first gamified NFT future DEX
Let's meet @Tribe3Official 👉 the first gamified NFT future DEX
Gamified?
Trading in general can be boring, even if you trade NFTs
Tribe3 will implement several features to turn NFTs trading into a funny game
Let's have a look at it 👇
Trading in general can be boring, even if you trade NFTs
Tribe3 will implement several features to turn NFTs trading into a funny game
Let's have a look at it 👇
Trading - LONG/SHORT floor prices
Battle - Bet on which collection will outperform the other one over a period of time
Avatar - Win badges and and items in order to build your own NFT profile/avatar
We can see that Tribe3 solves a real problem about NFTs
You can use it to trade or to hedge yourself, everyone is concerned
Now, I will explain how to interact with their testnet which is currently live 👇
You can use it to trade or to hedge yourself, everyone is concerned
Now, I will explain how to interact with their testnet which is currently live 👇
Then, you will need ETH on Goerli testnet
• Go to goerli-faucet.mudit.blog
• Follow the tasks to get test ETH
• Go to goerli-faucet.mudit.blog
• Follow the tasks to get test ETH
• Go to testnet.tribe3.xyz , connect wallet and switch to Ethereum Goerli
• Request TETH (test tokens for trading) bu clicking on "Get TETH"
• Request TETH (test tokens for trading) bu clicking on "Get TETH"
Now you are ready to trade!
• Click on "trade"
• Select any collection
I will trade AZUKI because I really like the art 👀
• Click on "trade"
• Select any collection
I will trade AZUKI because I really like the art 👀
You have access to a chart that shows the Azuki floor price variations over a timeframe of 1 day
You can also see the price variation over 1 week and 1 month
You can also see the highest and the lowest floor price over the selected timeframe
You can also see the price variation over 1 week and 1 month
You can also see the highest and the lowest floor price over the selected timeframe
• Approve token spending
• Setup a LONG/SHORT order
• You can use leverage up to 5X
In this example, I want to LONG with a size of 10 ETH and a 5X leverage
It will cost me 2 ETH + fees
• Setup a LONG/SHORT order
• You can use leverage up to 5X
In this example, I want to LONG with a size of 10 ETH and a 5X leverage
It will cost me 2 ETH + fees
You can click on "Show advanced details" to see important informations such as:
👉 Contract size: the theorical amount of Azuki you trade (here 0.6 Azuki represents my 10 ETH position which represents 60% of Azuki floor price)
👉 Your entry price
👉 Your liquidation price
👉 Contract size: the theorical amount of Azuki you trade (here 0.6 Azuki represents my 10 ETH position which represents 60% of Azuki floor price)
👉 Your entry price
👉 Your liquidation price
Once your trade is confirmed, you will be able to see it on the same page
If you want to close/manage your trade, just click on the trade menu (check my screenshot below)
You can completely close your trade or simply reduce your position
In the "adjust collateral" section, you are able to add or reduce your collateral ratio
I will reduce my collateral by 0.42 ETH, mooving my liquidation price from 13.8 ETH to 14.7 ETH
I will reduce my collateral by 0.42 ETH, mooving my liquidation price from 13.8 ETH to 14.7 ETH
They created a leaderboard for those who like competition (and maybe earn rewards) 👉 testnet.tribe3.xyz
Both Battle and Avatar sections are coming soon (I showed you sneak peeks earlier 👀)
Join their discord: discord.com
Join their discord: discord.com
You are done ✔️✔️
Follow me @MingoAirdrop so you don't miss next alpha
And if you can drop a RT + Like on the tweet below, I would really appreciate ❤️❤️👇
Follow me @MingoAirdrop so you don't miss next alpha
And if you can drop a RT + Like on the tweet below, I would really appreciate ❤️❤️👇
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