CoinList ICO: Tribal + Registration Quiz Answers

Crypto-Powered Financial Services for SMBs

ICO Registration Deadline:

  • 15 Mar 2022 at 12:00 UTC (15 Mar 2022 at 20:00 in Singapore)

There are two options for this sale. The token sale will be on:

  • 17 Mar 2022 at 17:00 UTC (18 Mar 2022 at 01:00 in Singapore) for Option 1
  • 17 Mar 2022 at 22:00 UTC (18 Mar 2022 at 06:00 in Singapore) for Option 2
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Table of Contents

About Tribal

Tribal is based in San Francisco, California, with remote offices located in Phoenix, New York, Mexico City, Cairo, and Dubai. It is a payment and financing platform that can underwrite and approve small-to-medium businesses (SMBs) using a proprietary AI-driven algorithm. Tribal offers SMBs access to multi-currency corporate cards, spend management, crypto and traditional payment rails, and short-term financing.

Visit the CoinList sales page for details on:

  • tokenomics
  • ecosystem
  • early investors
  • team


  • Tribal Raises $60M in Oversubscribed Series B Led by SoftBank Latin America Fund [Feb 2022]
    • Coinbase Ventures also joined the round, which saw participation from existing investors BECO Capital, QED Investors, and Rising Tide.
    • In addition, secondary shares were tapped into to add high-value crypto and strategic investors: Circle Ventures, AGE Fund, Third Prime, Canas Capital, and Acuity Ventures.
  • Combined Series A and debt round of $34.3 million [Spring 2021]
    • led by QED Investors as well as PFG, with additional participation in the equity round by SDF
    • bringing the company’s total funding to $140 million.

TRIBL token (ERC-20 standard)

The TRIBL token will be launched on the Ethereum mainnet will have a fixed supply of 1 billion tokens.

Token Use Cases:

  • Governance: Governance stakers will be able to propose and vote on changes to the protocol, creating an engaged community.
  • Rewards: Tribal SMBs can earn TRIBL tokens on business payments and are incentivized to stake their tokens to access disruptive rewards and premium tiers with exclusive benefits.
  • Staking: SMBs, Lenders, and Borrowers within the Tribal ecosystem can benefit from staking TRIBL, making TRIBL an incentive system for higher rewards and benefits.
  • Payments: Tribal SMBs may use TRIBL tokens to settle their statements and pay for services inside the Tribal ecosystem.

Comment on the Tribal ICO

Both options have a long lock-up period followed by a linear release. So punters looking for a quick flip would probably like to give this ICO a miss.

Lockup periods:

  • Option 1: 1-year lockup followed by a 6-month linear release
  • Option 2: 1-year lockup followed by a 12-month linear release

It is reassuring to know that early backers and contributors are in for the long run, as they also have a one year lock-up period and even longer linear release period of 30-36 months.

Notes on participating in CoinList ICOs

CAPTCHA after logging into CoinList on sale date

I once logged into CoinList about an hour prior to an ICO sale and left the countdown page idle.

When I went back to the browser tab after the sale started to check my queue number, I realised I had been timed-out because I did not complete a second CAPTCHA that appeared sometime during the countdown, and thus I did not manage to get a decent queue number.

Remember to check back on the browser tab a few minutes prior to the sale to confirm everything is fine.

Karma required for priority queue

[Mar 2022] In the last 5 token sales, many registrants with a CoinList Karma score of approximately 2,000 or greater were invited to the priority queue for CoinList token sales. The priority queue is an invite-only queue that is significantly shorter than the main token sale queue and runs in parallel to the main queue.

CoinList shared in an April 2022 email newsletter that Priority Queue users are up to 40x more likely to get a spot in token sales.

Odds of getting allocated is very very very low

CoinList ICOs are very popular. The odds of staying up late (if you are in Singapore) to wait for the sale and ending up empty handed is awfully high.

Past ICO results

Visit this post to see how some previous CoinList ICOs are doing after they started trading on various exchange platforms.

Walk-through of a successful ICO allocation

Using the Axelar ICO as an example, visit this post to understand how the queuing and purchase flow works on the actual sale day.

Registration quiz answers

I have registered for the ICO and sharing the registration quiz answers in this blog post.

How many tokens are allocated to the Tribal sale?

64,066,667 (39M for Option 1, 25M for Option 2)

What is the sale mechanism for the Tribal sale?

Users in the waiting room for the sale will be given a random spot in the queue when the sale starts. Users who arrive after the sale starts for the sale will be placed behind those in the waiting room

What currencies are accepted for payment in the sale?

BTC, ETH, USDC, USDT, ALGO, SOL (The sale page probably omitted SOL by mistake)

What is the price per token and max purchase for the sale?

Option 1: $0.55 per token, $500 limit. Option 2: $0.40 per token, $500 limit

What will happen if someone submits a purchase but doesn’t complete it?

The user’s purchase may be canceled and the user may be banned from future CoinList sales

Where will I be able to participate in the token sale?

What happens to a user who uses bots or abuses the Queue-It system?

The user’s account will be terminated and all purchases will be canceled

Purchase details

If you received an allocation, your purchase will be confirmed when your deposit clears. If your deposit doesn’t clear immediately, that’s fine – you have until March 23, 23:59 UTC to finalize your purchase.

Please note that if you do not complete your purchase before March 23, 23:59 UTC, your purchase may be cancelled entirely and you may be banned from all future CoinList sales.

If you cancel your purchase after all allocations are sold, you may be banned from all future CoinList sales.

When will tokens be received?

  • Tokens sold in the Option 1 sale have a 1-year lockup followed by a 6-month linear release.
  • Tokens sold in the Option 1 sale have a 1-year lockup followed by a 12-month linear release.



Started investing in crypto towards the end of 2020.