ABOUT $TREE
The TREE token is the main currency of the Treehouse protocol, and has several uses:
* It is used to pay for data and services within the protocol.
* Panelists (those who provide the data) must deposit TREE tokens to ensure that the information they submit is accurate.
* TREE tokens are awarded as a reward to panelists and delegates who submit correct data.
* It allows users to participate in governance, meaning voting on important protocol decisions.
* It is used to fund new projects and tools through the decentralized autonomous organization (DAO).
Investing in this type of currency brings you closer to Decentralized Finance (DeFi).
Basically, Decentralized Finance (DeFi) is an ecosystem of financial applications that operate on the blockchain, without the need for a central authority. Its goal is to make financial services accessible to everyone and for users to maintain full control of their assets.
In another post, I will elaborate on details about Decentralized Finance (DeFi).
Remember to do your homework and conduct your own research DYOR.
High Vibe Greetings 🫡
