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Info updated 1 year ago
Project Introduction
TREE aims to become a profit engine for funding charitable causes. TREE is the first project of WhalerDAO. TREE tokens adopt elastic supply, and their supply varies according to their demand to maintain a roughly unchanged price. Every 12 hours, TREE checks its price against DAI. If it is higher than the hook (1DAI), then additional TREE tokens will be minted. 10% of the cast TREE will be distributed to Uniswap's liquidity providers, 10% will be used for charitable funds, and 80% will be sold as DAI and sent to reserves. These weights can be adjusted through governance. TREE tokens are also governance tokens to determine which charitable organizations a charitable fund is given to.
Performance
*All info & data are for reference only, not investment advice!
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TREE
Tree Finance
#5700
$0.00
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