Its function: the @Treehouse Official @WalletConnect token is a token on the Ethereum network used as an incentive to access services like Tree News, Tree Terminal, and Tree Capital, which aim to provide professional analytical tools for traders as an alternative to the "Bloomberg" platform in the cryptocurrency market. Users pay subscription fees by burning coins, creating deflationary pressure on them.
Practical application: used to access advanced analytical services, with a strategy based on burning tokens for subscriptions.
🔹 Notable projects $TREE
1. Treehouse (TREE)
On the Ethereum network.
Aims to provide analytical tools like Bloomberg for crypto.
Subscription is done by burning tokens → Deflationary pressure.
Listed on Binance and Coinbase.
2. TREE Environmental (backed by forests)
Each token is backed by a square meter of forest.
Provides carbon offset certificates (NFT/PDF).
Almost stablecoin.
3. Treecoin (Mangrove)
One of the earliest carbon projects (2017).
Supports mangrove reforestation in Myanmar.
Governed by DAO.
4. $TREE on SUI
A green DeFi project that includes NFTrees and direct donations for tree planting.
5. Tree Token on Solana
Environmental meme coin.
Abandoned contract, no transaction fees.
Focus on community and transparency.
