The @Treehouse Official cash distribution event has just started, and the $TREE token has experienced a surge today. (Details on participating in the second phase of the TREE event can be found in my previous post; feel free to check it out if you're interested.)

From 0.31 to 0.54u, it was almost a straight line, resembling the rapid growth of bamboo shoots.

This is not an isolated case for the $TREE token; it experienced a surge during the first phase of the $XNY event in weeks 3 and 4, fundamentally because the project team is still active, maintaining momentum that drives the token's price up.

It is currently still in the early stages of the event, only on the 3rd day. Staking 0.02 wstETH allows you to share 13,333.33 of the #TREE tokens daily, which means you can earn about 133 tokens per day. Based on the current token price, this translates to roughly over 60 U each day, which can be considered a generous reward.

Of course, the final returns will depend on the total amount of funds raised by the project team.

(This article is a personal study and does not constitute investment advice!)