Tree (TREE) Token
TREE aims to drive the Tree Capital ecosystem, which includes services like Tree News and Tree Terminal, with the goal of becoming the "crypto Bloomberg" for professional traders.
Tokens are used to purchase subscriptions within the platform via burning (destroying) tokens, creating scarcity and potentially enhancing long-term value.
Market Cap ~$32 million
Circulating Supply ---- 101.36 million tokens
Maximum Supply ---- 200 million tokens
Factors Affecting Price
Supply and Demand - Demand for platform subscriptions via token burning may increase scarcity.
Whale Activity - Large investors have a significant influence on short-term volatility.
External Factors* such as technical updates (such as the launch of Tree Graph 3.0) and positive news may cause sudden spikes (such as some coins rising 100% due to Tree-related news).
@Treehouse Official
