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Three Protocol Token

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Discover Three Protocol Token's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Three Protocol Token?

The Three Protocol Token (THREE) is a cryptocurrency designed to power decentralized marketplaces, focusing on financial inclusivity and privacy. It utilizes Zero-Knowledge Proof technology, neural network AI, and tri-signature DAOs to ensure secure and efficient transactions. The token serves as both a utility and governance token, enabling seamless transactions and community-driven decision-making within the ecosystem. THREE aims to bridge the gap for the unbanked, debanked, and privacy-conscious individuals, providing access to global marketplaces without traditional KYC constraints.

How is Three Protocol Token used?

The Three Protocol Token (THREE) is the native cryptocurrency of the Three Protocol ecosystem, which aims to decentralize marketplaces and promote financial inclusion. The token serves several key purposes within the ecosystem:

  1. Frictionless Payments and Purchases: THREE tokens are used for seamless transactions within decentralized marketplaces, allowing users to acquire goods and services without central oversight or geographical restrictions.

  2. Market Liquidity: A significant portion of the token supply (75%) is allocated for market liquidity, ensuring a healthy and liquid environment for trading.

  3. Staking Rewards: Long-term holders of THREE tokens can benefit from staking opportunities, earning rewards for their continued support of the ecosystem.

  1. Decentralized Marketplace Integration: THREE tokens are the primary currency for Jobs3, Three Protocol’s flagship marketplace, and are planned to be integrated into other decentralized versions of popular platforms like eBay, Uber, Autotrader, and food delivery services.

Overall, the THREE token is designed to facilitate a decentralized and inclusive commerce experience, empowering users with control and fostering a community-driven marketplace environment.

How do I store Three Protocol Token?

To store Three Protocol Token (THREE) tokens securely, you have several options:

Storing in a Cold Wallet
  1. Acquire a cold storage device: Choose a portable device with Bluetooth connectivity, such as Trezor Model T or Ledger Nano X.
  2. Download the corresponding software: Install the software for your chosen cold wallet on your PC.
  3. Save your recovery (seed) phrase: Ensure you can remember this phrase at all times, as losing it could result in the permanent loss of your crypto.
  4. Create a new wallet address: Use this address to send your THREE tokens from your other wallet to your cold wallet.
  5. Send your crypto to the corresponding address: Ensure you're sending your crypto to the correct address to avoid loss.
Storing in a Hot Wallet
  1. Set up your preferred wallet: Choose a hot wallet that supports THREE tokens and complete the setup process, which usually takes 10-15 minutes.
  2. Complete the KYC requirements: Many hot wallets mandate KYC, although some allow you to skip this process and do it later.
  3. Check if your preferred hot wallet is ready: Ensure the wallet is set up for THREE tokens.
  4. Deposit your crypto: You can now give your wallet address to anyone who wants to send you THREE tokens.
Storing in a Paper Wallet
  1. Access a computer free from malware: Use a new personal computer for this step.
  2. Visit a paper wallet generator site: Generate the credentials you need, such as the private and public keys.
  3. Generate an address: Select the number of addresses you want to generate and click “generate.”
  4. Print out your paper wallet: Print out the wallet and fold it with the crypto address showing outside while the private key is in the inner flap.
  5. Send crypto to your paper wallet: After sending your crypto, keep the wallet in a secure location, away from potentially damaging elements like moisture and heat.
Choosing a Cryptocurrency Account

Before selecting a wallet or exchange, conduct thorough background checks to ensure authenticity and security. Always provide the necessary KYC details to prevent financial crimes.

How to buy Three Protocol Token?

To buy Three Protocol Token (THREE) tokens, you can follow these steps:

  1. Choose a Platform: You can purchase THREE tokens on various platforms, including centralized exchanges like Binance and Bitrue, as well as decentralized exchanges (DEXs) that support the blockchain where THREE resides.

  2. Create an Account: If you don't already have an account on the chosen platform, create one by following the registration process. This typically involves providing some personal information and verifying your identity.

  3. Deposit Funds: Deposit the necessary funds, such as Ethereum (ETH) or Tether (USDT), into your account. These funds will be used to buy THREE tokens.

  1. Locate the Trading Pair: Find the THREE trading pair on the platform, which is typically listed as THREE/ETH or THREE/USDT.

  2. Place an Order: Place a buy order for the desired amount of THREE tokens at the current market price or set a limit order at a specific price you are willing to pay.

  3. Store Your Tokens: Once you have purchased the THREE tokens, ensure they are safely stored in a compatible wallet that supports the blockchain where THREE operates.

Remember to always follow the specific instructions provided by the platform you are using, as the exact steps may vary slightly.

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History of Three Protocol Token

The Three Protocol Token (THREE) is the native and utility token of the Three Protocol project, which aims to revolutionize decentralized marketplaces. The token was launched on April 29, 2024, marking a significant milestone in the project's roadmap.

Prior to the token launch, the project unveiled its extensive roadmap on April 22, 2024, detailing various key developments, including the launch of Jobs3, a decentralized marketplace that competes with giants like Upwork and Fiverr. The roadmap also highlighted the use of advanced technologies such as neural network AI, smart contracts, and Zero Knowledge Proof (ZKP) digital IDs to ensure secure and fair transactions within the ecosystem.

Following the token launch, significant updates were announced, including the listing of $THREE on Bitget Wallet on May 2, 2024, and the locking of 15% of the token supply by the Three Protocol team for 18 months, totaling over $3.5 million in liquidity. These updates demonstrate the project's commitment to transparency and user empowerment.

The Three Protocol Token is designed to power transactions within the project's ecosystem, which includes a range of decentralized marketplaces. It aims to provide a seamless online shopping experience, addressing real problems faced by traditional online markets, such as the need for KYC requirements, and ensuring fairness through a DAO system.

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How Three Protocol Token works

The Three Protocol Token (THREE) is a cryptocurrency designed to facilitate decentralized marketplaces, promoting financial inclusion and user privacy. Here's how it works:

Key Features
  • Decentralized Marketplaces: THREE is the native token for a series of decentralized marketplaces built on blockchain technology. These marketplaces aim to provide secure, transparent, and efficient transactions without central oversight or geographical limitations.
  • Utility and Governance Token: The $THREE token serves both as a utility token for transactions within the ecosystem and as a governance token, allowing token holders to influence platform decisions through a democratic governance model.
  • Staking Mechanism: The token includes a staking mechanism, offering financial incentives to token holders who contribute to the network's security and long-term success.
  • Advanced Technologies: The Three Protocol ecosystem incorporates cutting-edge technologies such as Zero-Knowledge Proof for secure and anonymous user identities, Neural Network AI for intelligent search and matching, and Tri-Sig DAO capabilities for robust decentralized governance.
Functionality
  • Transactions and Payments: The $THREE token is used for payments and purchases within the decentralized marketplaces, ensuring seamless transactions without central oversight or geographical barriers.
  • Community Involvement: Token holders have significant influence over platform decisions, fostering a democratic governance model that ensures the platform evolves in harmony with the collective interests of its community.
  • Staking Rewards: The staking mechanism offers financial incentives to token holders who contribute to the network's security and long-term success, cultivating a community dedicated to the platform's success.
Tokenomics
  • Market Liquidity: 75% of the token supply is allocated for market liquidity, ensuring ample trading activity and maintaining price stability.
  • Team Allocation: 15% is allocated to the team, with an 18-month vesting period.
  • Staking Opportunities: 10% is dedicated to staking, offering long-term token holders the opportunity for revenue generation.
Availability
  • Exchanges: The $THREE token is listed on various exchanges, including MEXC, allowing users to buy and trade the token.
  • Marketplaces: The token is used across different marketplaces, starting with Jobs3, the flagship marketplace by Three Protocol, and extending to other decentralized platforms rivaling major names like Fiverr, eBay, and Uber.
Roadmap
  • Launch and Development: The $THREE token was launched on April 29, 2024, and the project has outlined an extensive roadmap detailing key milestones and development initiatives, including technological enhancements to the Jobs3 platform and the introduction of staking opportunities.

Overall, the Three Protocol Token (THREE) is designed to power a decentralized marketplace ecosystem that promotes financial inclusion, user privacy, and community-driven governance.

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Three Protocol Token's strengths

The Three Protocol Token (THREE) has several strengths that contribute to its value and potential within the decentralized finance (DeFi) ecosystem:

  1. Governance and Staking: THREE tokens grant holders governance rights across all Three Protocol platforms, allowing them to participate in decision-making processes. Additionally, users can stake their tokens to earn rewards, supporting the network's security and stability.

  2. Fee Reduction: Conducting transactions using the native token provides a 5% fee reduction, making it a cost-effective option for users.

  3. Educational Incentives: The project incentivizes learning through 'train-to-earn' initiatives, fostering a knowledgeable community.

  1. Liquidity and Market Access: A significant portion (74.5%) of the token supply is dedicated to liquidity, ensuring a robust and fluid market for the $THREE token.

  2. Decentralized Marketplaces: The Three Protocol aims to decentralize various marketplaces, promoting financial inclusion and user privacy. This decentralized approach eliminates the need for centralized control, allowing users to bypass limitations imposed by traditional financial systems.

  3. Advanced Technologies: The protocol utilizes cutting-edge technologies such as Zero-Knowledge Proof, neural network AI, and tri-signature smart contracts to ensure secure, efficient, and inclusive transactions.

  1. Strong Team and Partnerships: The project boasts a dynamic team with extensive experience in blockchain and decentralization, as well as strategic partnerships with entities like Hela Labs, further enhancing its capabilities and credibility.

These strengths collectively contribute to the token's utility and potential for growth within the DeFi space.

Three Protocol Token's risks

The financial risks associated with the Three Protocol Token (THREE) are multifaceted and can be categorized into several key areas:

Market Volatility
  • Price Fluctuations: The value of the $THREE token can fluctuate significantly due to market forces, impacting investor returns. Market liquidity, which is crucial for maintaining stable prices, is a key factor in mitigating this risk.
Governance and Management
  • Centralized Control: Despite being a decentralized protocol, the influence of key team members and advisors can still impact decision-making. This concentration of power may lead to unintended consequences if not managed effectively.
  • Token Distribution: The tokenomics model, which allocates 15% of the token supply to the team, may raise concerns about the concentration of tokens in the hands of a few individuals. This could potentially lead to market manipulation or other negative outcomes.
Regulatory Environment
  • Legal Uncertainty: The regulatory landscape for cryptocurrencies is still evolving and often unclear. This uncertainty can lead to legal challenges, fines, or even the shutdown of the project, affecting the value of the $THREE token.
Security Risks
  • Smart Contract Vulnerabilities: The use of smart contracts and decentralized governance structures can introduce security risks if not properly audited and secured. Any vulnerabilities in these systems can result in the loss of funds or the manipulation of the token's value.
Competition and Adoption
  • Market Competition: The success of the Three Protocol Token depends on its ability to compete with other decentralized marketplaces and established players in the e-commerce space. If the project fails to gain traction, the token's value may suffer.
  • User Adoption: The token's value is closely tied to the adoption and usage of the Three Protocol ecosystem. If users do not find the platform appealing or if it fails to deliver on its promises, the token's value may decline.
Technical Risks
  • Scalability Issues: The ability of the Three Protocol to handle large volumes of transactions and user activity is crucial to its success. Technical issues or scalability limitations can negatively impact the token's value and the overall user experience.
Liquidity Risks
  • Liquidity Crises: If market liquidity is insufficient, it can lead to significant price swings, making it difficult for investors to buy or sell the token at a fair price. This can result in substantial losses for investors.
Team and Partnership Risks
  • Team Performance: The success of the Three Protocol Token is heavily dependent on the performance and commitment of its team. If the team fails to deliver on its promises or if key members leave, it can negatively impact the token's value.
  • Partnership Risks: The project's partnerships, such as the one with Hela Labs, can also introduce risks if these partnerships do not materialize as expected or if they fail to deliver the anticipated benefits.

These financial risks highlight the importance of thorough research and due diligence before investing in the Three Protocol Token. It is essential to stay informed about the project's developments and to consult with financial advisors if necessary.

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Three Protocol Token's ecosystem

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Three Protocol Token’s team

  • Louie Rice (Founder/Chief Business Development Officer): With over a decade of operational management experience, Louie brings a wealth of knowledge to the table. In the past three years, he’s honed his expertise in Web3 marketing and business development, perfectly positioning him to drive growth for Three Protocol.
  • Grant Robertson (Founder/Chief Operations Officer): As co-founder of Jobs3, Three Protocol’s flagship marketplace, Grant possesses an intimate understanding of the operational backbone needed for a successful platform.
  • Brendan Young (Chief Sales Officer): Brendan brings over 10 years of sales experience across B2B and B2C markets. His passion for decentralization fuels his commitment to driving adoption of the Three Protocol ecosystem.

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