Defi App launches its governance token HOME, unlocking exchange-level utility through DAO

Odaily News DeFi App, a decentralized finance (DeFi) platform, announced the launch of the HOME token, which aims to solve the complexity problems in the crypto space and build a user-owned, community-governed "crypto super app". Defi App was launched three months ago and has achieved more than $10 billion in spot and perpetual contract processing volume. It ranked among the top five DEX trading volumes within a few days of its launch, with more than 300,000 active users.
The core function of the HOME token is to govern the development of Defi Apps 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 is designed to empower the community, achieve product priority, community governance, and unlock exchange-level utility in the form of DAOs.
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 future launch of iOS and Android mobile applications, one-click deposit function (HOME Finance), advanced staking, and protocol bribery.