The idea behind Faith Tribe came from aspiration to recreate the collaborative culture and collective design process of their native brand Faith Connexion and unlock new opportunities for designers and creators on a global scale. They want to give the thousands of new creative voices that compete for attention every year a new way to get noticed and express themselves outside the control of incumbent businesses.
With fashion and luxury brands aggressively expanding into the metaverse, this new realm is at risk of being occupied by the same legacy brands currently dominating the industry. They want to help the community of creators harness the economic and brand-building potential of the metaverse while also contributing to the development of web3-native fashion. Faith Tribe will enable designers and entrepreneurs to launch their own fashion labels and target a new customer base within the web3 and metaverse economy with the support of their community, partner network and core platform experience.
The project is committed to creating and integrating with a set of on-chain and off-chain tools that will give creatives all over the world the opportunity to design, collaborate, customize, mint, manufacture and distribute their own digital and physical fashion assets in both the metaverse and physical realm.
At the core of Faith Tribe is the native token ($FTRB), a catalyzing force to bring the community together and collectively govern the FAITH TRIBE DAO. FTRB will give holders voting rights, enable access to the Designer Studio (end-to-end product experience), facilitate on-demand manufacturing, market on Faith Tribe and partner marketplaces, contribute to liquidity pools, participate in mass-crowd voting, benefit from a discount on the NFT marketplace and our native brand store, and staking.
Faith Tribe brings together the global decentralized community of designers, visual artists, curators, fashion enthusiasts, influencers, brands, developers, and buyers under a financially inclusive and incentive-aligned structure that allows the platform to become fertile ground for experimentation, remixing and discovery in fashion, where creators can transact directly with their buyers, and participants are rewarded native tokens for their contributions to the ecosystem.
And that’s exactly why they will be launching their sale soon. They see a brilliant project with good fundamentals, a dedicated team and a lot of potential to develop on their platform.
Below you will find everything you need to participate in their presale. In the following weeks they will keep updating you on their upcoming projects, so stay tuned to their announcement and media channels and be ready to participate in their next launch.
Timelines:
- 17.02.2022 9 AM UTC — Whitelist start (mandatory for non-SNP stakers): https://gleam.io/1WISx/synapse-network-faith-tribe-public
- 19.02.2022 9 AM UTC — SNP stakers can start to register their interest in guaranteed allocation
- 21.02.2022 9 AM UTC — End of time for Whitelist and for interest registration
- 21.02.2022 7 PM UTC — Whitelist Announcement, publication of allocation size, KYC for Whitelisted start
- 23.02.2022 9 AM UTC — Sale Start
- 24.02.2022 9 AM UTC — Sale End
- 25.02.2022 9 AM UTC — Return of overallocated unused funds
Sale details:
- Round — Public
- Price per token — 0.01$
- Platform allocation — 50 000$
- Gleam competition allocation — 100$
- Gleam competition — number of winners — 50
What is Faith Tribe and why are they so interesting?
Faith Tribe democratizes fashion in the metaverse and physical realm. They are developing the first fully decentralized and community-owned ecosystem for the collaborative creation of fashion items in the physical world and the metaverse, a multi-platform solution built with the latest blockchain, Web3 and NFT technologies.
On their part, we thoroughly reviewed the project, team, roadmap, tokenomics and had fruitful meetings — they strongly believe in the project. If you would like to learn more about it, which we encourage you to do, please read: https://docsend.com/view/urr4rfvz6t3uemew
And always remember to not invest before you DYOR about the project!
How does the investment process look like?
There are two options for this:
– having tickets for the platform (guaranteed allocation).
– winning the Gleam competition, which is open to everyone. Here 10% of the investment pool is allocated for the winners. There is no overallocation here — it is reserved for our stakers.
For both options you need to pass the KYC process.
They give everyone the opportunity to reach the required tier for investment until the end of the registration. Everyone has to enter the platform and express interest in participating in the investment before this date.
How can you invest?
You will be able to invest on 16 networks (more networks to come soon):
- Ethereum
- Binance Smart Chain
- Polygon (Matic)
- Avalanche
- xDAI
- KCC
- Fantom
- Huobi
- OEC
- Arbitrum
- Harmony
- Moonriver
- Cronos
- IoTeX
- Optimism
- Solana
You will be able to invest with multiple stablecoins:
- USDC
- USDT
- BUSD
- fUSD
About Synapse Network
Synapse Network is developing a cross-chain investment and start-up acceleration ecosystem based on blockchain technology to give everybody an equal chance to contribute to great upcoming projects and to do so early on. We are bridging the gap between the traditional & crypto market.
📰 INFO
https://synapsenetwork.medium.com/faith-tribe-public-project-announcement-89f00c60c8be
