Tribal TokenPrice

(TRIBL)

The project has experienced multiple delays in delivering TRIBL tokens to participants of its initial token sale. Initially slated for April 9, 2023, the delivery was postponed to April 9, 2024, and then further delayed, with updates not provided as expected by April 30, 2024. These postponements have caused significant frustration and concern among investors who are still awaiting their purchased tokens.

Yes, there have been accusations of fraud and 'presale scam' targeting Tribal Token, especially from investors who participated in its initial token sale via a specific launchpad. These allegations stem from the repeated and prolonged delays in token delivery, leading to concerns that some investors may ultimately not receive their purchased TRIBL tokens. Such issues severely impact investor confidence and raise serious questions about the project's integrity.

The initial token sale platform has expressed significant disappointment with Tribal's handling of token deliveries. They have publicly stated that they do not control the actual delivery of TRIBL tokens to purchasers and are reviewing potential legal remedies to address the situation. This indicates a clear divergence in positions between the project and its launchpad partner, further complicating the issue for affected investors.

There are serious concerns regarding the potential liquidity and value of TRIBL tokens, even if they are eventually delivered. Reports suggest that prolonged delays and negative sentiment have led to a 'limited interest from market makers' on the initial token sale platform, which could render the tokens practically illiquid or nearly worthless for some investors. This situation raises doubts about the practical utility and market viability of the tokens in such circumstances.

For investors who have not received their TRIBL tokens or are holding illiquid ones, the available recourse is uncertain and likely complex. The initial token sale platform has indicated they are reviewing potential legal remedies, suggesting legal action might be a path. However, individual investors may need to explore legal consultation to understand their rights and potential actions against the project or involved parties. The difficulty of obtaining effective recourse in crypto investments, especially across jurisdictions, remains a significant challenge.

The actual circulating supply of TRIBL is a critical question due to the delays in token distribution and the presence of locked tokens. The official tokenomics state a fixed total supply of 1 billion tokens, but the repeated postponements mean that the publicly available or distributed supply might differ significantly from initial expectations. This lack of clarity on the precise circulating supply further exacerbates uncertainty regarding market dynamics and potential dilution for early investors.