A Comprehensive Insight into TREE Token: Value, Use, and Potential
Finally, let's talk about the governance token of Treehouse, which is TREE. This token not only serves as a ticket for ecological participation but also fulfills multiple functions.
Firstly, users need to pay a query fee when accessing DOR data, usually in TREE. This compensates data providers and ensures the sustainable development of the protocol. Secondly, panelists participating in DOR need to stake TREE or tAssets to accurately publish interest rates in order to earn rewards, further enhancing the credibility of the protocol's data.
In addition, TREE also carries governance rights, including adjusting parameters, making decisions on product changes, and funding ecological development. The operational funds of the protocol also come from TREE reserves controlled by the DAO, which support innovation and community growth.
From an economic perspective, the total supply of TREE is set at 1 billion, and the team and investors have implemented a multi-phase unlocking mechanism, which helps in long-term healthy development. Current market data shows its circulating market value is approximately in the tens of millions of dollars, having reached historical highs in the past but currently at a relatively low level, which also indicates that there is still potential for growth in the future if ecological utilization and awareness improve.
