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Will Tribe experience a significant security breach by the end of 2025?
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Public announcements from Tribe or major news outlets reporting on security incidents
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Tribe, Backed by AllianceDAO, Launches Beta on Solana with 4% Fees and MoonPay Integration
Jan 26, 2025, 04:34 AM
Tribe, a new SocialFi application on the Solana blockchain, has launched in beta, drawing significant attention for its resemblance to FriendTech but with additional features tailored to the Solana ecosystem. Backed by AllianceDAO, Tribe allows users to create token-gated group chats known as 'tribes,' where members can buy and sell tokens associated with each tribe. Notable features include a lower fee structure of 4% compared to similar platforms charging 10%, a subscription model, and MoonPay integration for ease of transactions. Users can airdrop tokens to holders and participate in a global chat feature. Early adopters have reported profits, with one user noting an initial investment of 0.5 SOL growing to 5.6 SOL. Despite initial technical issues due to high demand, the app has seen a surge in activity, indicating a potential resurgence in interest in SocialFi applications.
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