Interview with Enrico Dal Monte, CEO of XTRIBE
Chief Executive Officer & Co-Founder
Enrico has a degree in Business and Economics from the L. Bocconi University in Milan and a Master in Banking and Finance from USI Switzerland. He worked for a financial brokerage firm in Lugano, Switzerland, and then for Ambrosetti Asset Management before becoming active in the promotion of promising young Italian motorcycle racers in a project he set up called “Adopt a Rider”. He is the C.E.O. of Xtribe where he handles the financial and commercial administration as well as investor relations.
Q1: Tell us a little about yourself, how did you get into this business?
A1: Mattia Sistigu, Marco Paolucci and Enrico Dal Monte developed the Xtribe idea in 2014. We wanted to provide a free smartphone application which would allow users to sell, buy, swap and rent products or services – used and new – utilizing an active geolocation tool. And we wanted to add a “social aspect” to it by integrating with the app a chat room where people can negotiate and make the deal in a new and captivating way. Following its launch on the Italian market in 2015, Xtribe’s Application collected a series of positive reviews, which pushed its growth even further: a total of 100,000 Users using the Application were reached in 2016. The growth rate was even more astonishing in the following months: just one year later the number of Users surpassed 500,000.
Q2. What makes this project innovative and special? How it will affect the average user?
A2: We offer a unique platform to people and businesses: it allows small and micro businesses to have a presence at unprecedented levels right in their community. People are able to find what they want when they want, where they want. It’s amazing!
Q3. There is a precipitation that most ICO’s are going to fail in the long term. What is your opinion about this?
A3: It’s not surprising that the perception is negative: most ICO’s are only ideas that need to be turned into the real thing which is very hard to do. Building a company takes skill, knowledge and perseverance and most people lack one or all these qualities. They are bound to failure no matter how good the idea behind their project is.On the other hand, Xtribe is a real, established and operating company with a great team running it and since 2014 we grow at incredible rates. It speaks for itself.
Q4. Would this project be still possible without the use of blockchain technology and why?
A4: As I said, Xtribe is already a successful company without the use of the blockchain; but, the integration of the blockchain innovation in our platform will not only increase Xtribe App’s winning characteristics, speeding up the improvement of the App and service itself, but it will also exponentially increment the security level of the whole system. Xtribe is decentralized at heart: we never interfere in any way in the transactions among people on our platform and blockchain technology is a natural evolution.
Q5. If you could fully cooperate with another ICO project, which one would it be and why?
A5: There are a lot of really interesting concepts out there that can work only with blockchain technology. We have identified a few that could really improve the user experience of the Xtribe app which to us is the most important thing. I am following their progress but it would be premature to name names.
Q6. Right now, are you exploiting the full potential of your token’s utility?
A6: The XRBT token is not distributed yet. It will be early next year, and we believe that we have a great frictionless model that will create value. Having said that, it’s hard to imagine all the scenarios from where value can come from – the sky is the limit.
Q7. What will be the benefits for long-term token holders?
A7: It all comes down to supply and demand and we think our token economics are solid and build a strong case to increase demand. The dynamics of our marketplace should create steady value growth that is minimal to zero exposed to external factors.
Q8. How do you plan to fight against phishing and scamming attempts concerning your token?
A8: The contract address and Token address is present on Etherscan.io, hence anyone can verify the address by directly searching Etherscan. The site will be configured with Cloudflare and https SSL certificate.
Q9. Tell us about your future plans. What to expect from the project?
A9: We plan to grow and consolidate our Italian market and to launch in the USA immediately. The opportunities in the US are huge and I can’t describe how excited I am.After that, we will go global. Again, the sky is the limit.
Q10. Finally, what is the message you want to communicate to the world and your supporters?
A10: The team behind Xtribe is an extremely hard-working group that will see this project through to its success. We listen to our community and fine-tune our product accordingly. We are excited to reward our community for their utilization of the Xtribe app by launching on the blockchain. Join us as we bring e-commerce into the future.