Retreeb (TREEB)

What is retreeb ?

Within a rapidly changing sector, Retreeb presents a new means of payment, simple, practical, economical, which allows to comply with the universal values such as ethics, sharing and solidarity. It targets all persons who are part of a solidarity and sustainable approach. In consideration of their adoption of the service, Retreeb commits to its users to pay 33% of the transaction fees collected by Retreeb to the funding of social and environmental projects. With our business model, our technical infrastructure, the redistribution of transaction fees, and the monitoring of projects, we opt for an unprecedented level of transparency in a particularly opaque sector.

Economic, social and solidarity aspect of the project

The Retreeb project is by nature a sustainable finance project which, beyond its commercial objectives, aims to ensure a better redistribution of value creation. This ambition fits at the root of the project's business model and tends to directly correlate commercial success and social responsibility. It is a model where each euro of the processed monetary flow will contribute a significant proportion (33%) to the funding of projects in keeping with the societal challenges of our time (ecological transition, social inclusion, education, industrial relocation, employment, health, etc.).

Furthermore, bearing in mind the fact that cultural, sports, social, solidarity, environmental, NGO, etc. associations play an important societal role, they will be exempt from commissions on transactions. So, any payment or membership fee via the Retreeb network will be paid in its entirety to the bank account of the association in question.

Protocol of payment

The Retreeb payment protocol uses a DAG (Directed acyclic graph) data structure – DAG and distributed scheme. Thanks to the Lachesis aBFT consensus mechanism developed by Fantom Foundation, this technology has the advantage of securing transactions using cryptographic processes while freeing itself from “miners”, nodes usually responsible for the calculation. Validations of transactions within the distributed ledger are done directly from user terminals, making the network fully optimal.

Only the keys of the retailer nodes are able to accept token transactions. These are the network validator nodes. None of these transactions can be carried out in P2P (peerto-peer) between users. All validator nodes (retailers) are first validated after a KYB control. All user nodes are identified in KYC

As the transactions validate each other, it is impossible to falsify the flows. Trusted witness nodes have read access to the entire chain. The Retreeb protocol sets and executes the social smart contacts (SSC), which ensures the redistribution of the balance of the transaction between the retailers (balance), Retreeb (fee) and the CSR project (CSR Fee) – See Social Smart Contacts. In parallel, our protocol is also able to provide the circulation of the FIAT financial flow by transfers

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