Odaily Planet Daily News - The decentralized finance (DeFi) platform Defi App has announced the launch of the HOME token, aimed at addressing the complexity issues in the cryptocurrency field and building a user-owned, community-governed 'crypto super application.' Defi App was launched three months ago and has achieved over $10 billion in spot and perpetual contract processing volume, ranking among the top five in DEX trading volume within days of going live, with over 300,000 active users. The core function of the HOME token is to govern the development of Defi App and the utility of the token itself, allowing the community to propose and vote on platform development, including treasury strategies (such as buybacks, fee sharing), trading fee mechanisms, integration priorities, and future token utilities (such as staking and reward systems). Defi App emphasizes that the HOME token is different from traditional governance or utility tokens; it aims to empower the community, prioritize products, govern the community, and unlock exchange-level utility through a DAO format. In the distribution plan of the HOME token, 45% is directly allocated to the community and ecosystem, 10% is reserved for private investors, and the remainder is allocated to core contributors, foundation partners, grants, strategic advisors, and the protocol treasury. Defi App also announced plans to launch iOS and Android mobile applications, one-click deposit functionality (HOME Finance), advanced staking, and protocol bribery in the future.

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