What is Retreeb?
Retreeb is a blockchain-based distributed payment solution. The platform offers a decentralized approach to payment. Retreeb also enables its users to operate responsibly based on the universal values of ethics, sharing, and solidarity. The Retreeb protocol is built on the Fantom blockchain with a DAG consensus. To be more precise, it uses the Fantom Opera Fork. Fantom enables the project to achieve interoperability, scalability, and high transaction speed. The project aims to develop effective payment methods to enable better distribution of value.
Retreeb is looking to realize its vision mainly by eliminating the intermediaries in payment systems. These include banks and other centralized institutions. This approach will help the protocol and its users cut costs by avoiding interbank fees. Additionally, the use of blockchain enables unprecedented security and transparency. Finally, the project prioritizes corporate and social environmental responsibilities (CSR). To sustain its CSR project, Retreeb donates a third of the network fees to social projects. Users select the projects they what part of their fees to go to.
Retreeb charges a low merchant fee of between 0.9% and 1.5% for every transaction. This rate is lower than those of traditional financial institutions and markets. Additionally, the protocol does not charge any fixed fee. Thus, Retreeb is quite an attractive source of savings for merchants.
The Retreeb token (TREEB) is the native asset of the Retreeb ecosystem. However, the project is powered by two asset systems: the Stable TREEB and the Utility TREEB.
The Stable TREEB, also known as (S)TREEB, is a stablecoin. The token is backed by the user’s fiat currency at a ratio of 1:1. They are not subject to any form of speculation. Users can buy the (S)TREEB token using fiat currency.
The Utility TREEB, or (U)TREEB, is a governance token for the Retreeb community and ecosystem. You can view the TREEB price on the live chart above to see how it is performing today.
Additionally, the Retreeb coin is compatible with the Ethereum Virtual Machine (EVM). Thus, it enables the writing, deployment, and execution of smart contracts.
Use Cases of TREEB Tokens
Retreeb crypto holders can enjoy various privileges, including benefiting from free wallet services such as payment cards. Additionally, they can vote on the ecological and solidarity projects to be financed under its CSR project. Users can also trade the Retreeb token on various exchanges that list it. However, they should remember that the TREEB price can be volatile sometimes. Thus, it would be wise to search for the token price before purchasing. The chart above offers data on the Rretreeb price.
Who Founded Retreeb?
Jérémi Lepetit, Sayah El Yatim, Quentin Lepetit and Stephanie Flacher are the founders of Retreeb.
Jérémi Lepetit is a serial entrepreneur with more than 10 years of experience in the digital world. He is focused on the new opportunities offered by blockchain and cryptographic technologies.
Sayah El Yatim is a software developer. He has experience working as a full-stack engineer at Make Me Viral and a programming specialist at E-COD.
Quentin Lepetit is a Designer at TOTEM. He is also experienced in the tech space, having founded and worked in successful companies before.
Stéphanie Flacher is a banker with 20 years of experience. She is a certified executive coach, exploring the field of blockchain, innovation, and economy. As of writing, Stéphanie Flacher is devoted to fostering a decentralized economy.
Tokenomics of TREEB
TREEB coin is an ERC-20 token with a maximum supply of 1 billion tokens. The project conducted a public listing with 100 million tokens. The TREEB price during the public sale stood at $0.01. The token supply allocation is as follows:
- Private and Public Sale – 45%
- Team – 18%
- Company Reserve – 15%
- Marketing acceleration – 10%
- Ecosystem Reward – 7%
- Swap Liquidity – 3%
- Charity – 2%
