Odaily Planet Daily News Defi App, a decentralized finance (DeFi) platform, announced that it will launch the HOME token, which aims to solve the complexity problems in the crypto field and build a user-owned, community-governed "crypto super application". Defi App was launched three months ago and has achieved more than $10 billion in spot and perpetual contract processing volume, and ranked among the top five DEX trading volumes within a few days of going online, with more than 300,000 active users.
The core function of the HOME token is to govern the development of Defi App and the utility of the token itself, enabling the community to propose and vote on platform development, including treasury strategies (such as buybacks, fee sharing), transaction fee mechanisms, integration priorities, and future token utility (such as staking and reward systems). Defi App emphasizes that the HOME token is different from traditional governance or utility tokens. It aims to empower the community, achieve product priority, community governance, and unlock exchange-level utility in the form of DAO.
In the distribution plan of HOME tokens, 45% is directly allocated to the community and ecosystem, 10% is reserved for private investors, and the rest is allocated to core contributors, foundation partners, grants, strategic advisors, and protocol treasury. Defi App also announced the launch of iOS and Android mobile applications, one-click deposit function (HOME Finance), advanced staking, and protocol bribery in the future.