On February 6th 2019, tribeOS issued its own security token called FIRE which will provide token holders with dividend paying a revenue share from the marketplace.
When you purchase FIRE you become a stakeholder in an advertising revolution. We are set to disrupt the fraudulent, archaic advertising industry. Our revolutionary technology will level the playing field so everyone has a chance and encourage innovation in all aspects of business, including asset management.
Interested in learning more about FIRE? Get in touch with our Investor Relations Manager.
FIRE is an equity token that enables investors to participate in revenue sharing in tribeOS. It allows holders to receive dividends based on the funds spent on the platform and the overall success of tribeOS.
Many ICOs create a blockchain-based token which can be used to perform certain smart functions on a specific smart contract or platform. We can group these tokens into a general class called “utility token” because the value of the token is theoretically based on its utility on the platform. In practice much of the value of these tokens is speculative.
An equity token does not obtain valuation from expected use, but instead it represents the right to participate in the dividends from the profit generated by the issuer.
When we asked the question, “What was one of the most important values for a tribe?” The answer was fire. Fire allowed tribes to survive the cold. Fire gave tribes the power to cook meat and scientists believe it fueled the growth of our brains. Fire helped tribes see in the dark and stop predators from attacking them.