In the Treehouse ecosystem, TREE plays a central role, combining governance and reward functions, and enhancing interaction between users and the protocol.
4- What is the token $TREE ?
TREE is the native token of the Treehouse protocol, used for several functions within the ecosystem, including:
1. Governance:
It allows token holders to participate in important decision-making, such as modifying protocol parameters or approving new products, giving the community control over the development path of the protocol.
2. Rewards:
Rewards are distributed to TREE holders for participating in various activities on the protocol, such as staking or providing liquidity, which enhances community commitment and increases interaction.
3. Staking:
Users can stake TREE tokens to earn additional yields, which incentivizes long-term participation and increases the stability of the ecosystem.
Token Distribution
A portion of the total TREE supply has been allocated to the community through programs such as GoNuts Season 1, to ensure the engagement of as many users as possible and to enable them to benefit from the advantages of the protocol.
Summary
The TREE token is not just a financial tool, but a key element to empower the community, provide rewards, and incentivize participation in the Treehouse protocol. Through this token, the protocol ensures sustainable interaction among users and enhances the transparency of decisions within the ecosystem.
Sources:
Treehouse Labs Blog
Treehouse Launches TREE Token Across Binance, OKX, Coinbase
Decentralized Finance News – CryptoNews
