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

Mars Finance News: The decentralized finance (DeFi) platform Defi App announced the launch of the HOME token, aimed at addressing complexity in the crypto field and building a user-owned, community-governed "crypto super app". Launched three months ago, Defi App has processed over $10 billion in spot and perpetual contracts, ranking in the top five DEX trading volumes within days of going live, with over 300,000 active users. The core function of the HOME token is to govern Defi App's development and the token's utility, enabling the community to propose and vote on platform developments, including treasury strategies (such as buybacks and fee sharing), transaction fee mechanisms, integration priorities, and future token utilities (like staking and reward systems). Defi App emphasizes that the HOME token differs from traditional governance or utility tokens, as it aims to empower the community, prioritize product development, and enable community governance through a DAO structure, unlocking exchange-level utility. In the token distribution plan, 45% is directly allocated to the community and ecosystem, 10% is reserved for private investors, with the remainder distributed to core contributors, foundation partners, grants, strategic advisors, and protocol treasury. Defi App also previewed future launches including iOS and Android mobile applications, one-click deposit functionality (HOME Finance), advanced staking, and protocol bribes.