Buy Retreeb (TREEB)

What is Retreeb?

Retreeb is a decentralised payment protocol that focuses on redistributing the value generated by transactions in an equitable manner to positively impact society and the environment. Built on the Fantom blockchain, Retreeb utilises a Directed Acyclic Graph (DAG) infrastructure with a Lachesis aBFT consensus mechanism.

How does Retreeb work?

Retreeb operates on the Fantom blockchain and uses a DAG with a Lachesis aBFT consensus mechanism, allowing transactions to be secured without traditional mining. It involves two types of tokens: (S)TREEB, a stablecoin pegged 1:1 with fiat currency, and (U)TREEB, a governance utility token for voting on which social and environmental projects should receive funding. Transaction fees range from 0.9% to 1.5%, with a significant portion directed to selected projects. Additionally, users participate in governance via Proof-of-Stake, where they can vote on project funding.

What are the potential use cases for Retreeb?

Retreeb can be utilised for making ethical payments, as it redirects transaction fees to community-selected projects. It also offers governance and voting functionalities through its utility token, allowing users to decide which projects receive funding. Retreeb promotes financial inclusion by providing a commission-free payment ecosystem and offers staking rewards that include an impact-driven return, encouraging further participation.

What is the history of Retreeb?

Retreeb was founded in 2019 by Jérémi Lepetit, Sayah El Yatim, Quentin Lepetit, and Stéphanie Flacher. It began as a small team of four and expanded to over 20 professionals. Retreeb has forged partnerships with organisations like Treezor and the UN's UNITLIFE, focusing on sustainable development goals. The project raised $1.7 million through an ICO in February 2022, and it continues to innovate with initiatives like the development of a biometric payment card.