The currency is the digital currency specific to the platform, which is a decentralized platform built on the Ethereum network. Treehouse aims to provide fixed on-chain returns through products called tAssets and decentralized interest rate (DOR). The TREE currency plays a vital role in operating the protocol, enabling users to participate in governance, secure the network, and pay transaction fees.
Details about TREE and the Treehouse platform:
Platform:
Treehouse is a decentralized finance (DeFi) platform aimed at providing fixed returns on cryptocurrency assets.
Currency:
TREE is the native digital currency of the Treehouse platform.
Functions:
Governance: TREE holders can participate in decision-making related to the development and management of the platform.
Security: TREE contributes to securing the Treehouse network.
Transaction Fees: TREE is used to pay transaction fees on the platform.
Support:
Treehouse has received support from several prominent investors, including Binance Labs (now YZi Labs), Lightspeed, Jump Capital, Wintermute, Mirana Ventures, and MassMutual Ventures.
Listing:
TREE has been listed on several cryptocurrency exchanges, including Bitget.
Potential of TREE Currency:
Fixed Returns:
Users can earn fixed returns on cryptocurrency assets by using Treehouse products like tAssets and DOR.
Decentralization:
Treehouse allows users to access decentralized financial services without the need for traditional intermediaries.
Potential Growth:
Given the support the platform has received and the features it offers, there is potential for the growth of TREE in the future.
Note: As with any investment in cryptocurrencies, there are risks associated with buying and selling TREE. Investors should conduct thorough research before making any investment decision.