Tribes Prepares to Launch Social Trading App With Cross-Chain Trading and Token Buybacks

Wilmington, Delaware — Tribes, a new social trading platform operated by U.S.-incorporated House of Tribes Inc., is preparing for its first public release. The Android app will launch first, followed shortly after by iOS.

Tribes is positioning itself as one of the first direct competitors to Fomo, with a stronger focus on communities, market discovery and advanced trading tools. The platform brings token discovery, group chats, voice rooms and cross-chain trading together in one application.

Instead of switching between social platforms, wallets and trading terminals, users will be able to discover markets, discuss ideas and execute trades without leaving Tribes.

The platform introduces Scans, Calls and Tribe Trades. A Scan allows users to share a token, ticker, contract or market with a community. Calls provide a structured way to publish market ideas containing information such as direction, thesis, entry, target and time horizon.

Tribes is not a copy-trading platform. Trades are never automatically mirrored, and communities do not control user funds. Every user has an individual non-custodial wallet and remains responsible for choosing their own market, direction, position size, entry and exit.

Trading Without Leaving the App

The first release will focus on spot trading across networks including Solana, Base, BNB Chain, Ethereum, Monad and Robinhood Chain. Users will also be able to fund their wallets using cryptocurrency, card or Apple Pay.

Limit orders and stop losses are coming, giving users more control over their entries, exits and risk without leaving the app. Perpetual markets, prediction markets and tokenized stocks are also planned for later releases.

A Token Connected to Platform Activity

Unlike Fomo, Tribes has launched its own token as part of the platform’s economic model. $TRIBES is already live and is designed to connect the token directly to trading activity generated through the application.

Once in-app trading begins generating eligible fees, 50% of the platform’s trading fee revenue will be allocated to automated market purchases of $TRIBES, followed by permanent token burns.

A total of 75% of the token supply is held under lock and vesting arrangements, with scheduled releases spread across a period of up to four years. This limits the amount of supply available on the open market during the platform’s early stages.

Token trading itself creates another source for buybacks and burns. After covering reasonable company operating costs, taxes, liabilities and reserves, 99% of the remaining net creator fee revenue generated through trading of $TRIBES is intended to fund open-market buybacks. Tokens acquired through these purchases will subsequently be permanently burned.

This is separate from the allocation of 50% of in-app trading fee revenue. Together, both mechanisms connect activity around the platform and token to recurring reductions in supply. Neither mechanism should be interpreted as a guarantee of token price or investment returns.

Preparing for Launch

Tribes is currently inviting users to join its waiting list ahead of the Android release. The team is also gathering feedback from traders about features they feel are missing from existing social trading platforms.

Airdrops, community initiatives and further product announcements are planned as Tribes moves closer to public launch.

About Tribes

Tribes is a social trading application developed by House of Tribes Inc., a company incorporated in Delaware, United States. The platform combines market discovery, communities, conversation and non-custodial trading in one mobile experience.

Website and waiting list: https://tribes.wtf