Cashtree, Indonesia's leading mobile advertising platform, has signed a Memorandum of Understanding with UAE-based venture capital firm THF Ventures, marking the beginning of its official global expansion.
Memorandum of Understanding with THF Ventures
Cashtree signed an MOU with THF Ventures DMCC, a Dubai-based venture capital firm focused on blockchain projects. This event strengthens Cashtree's plans for global integration and expanding its influence beyond Indonesia.
Cashtree's Growth and Web3 Introduction
Since its launch in 2016, Cashtree has conducted over 31,000 marketing campaigns, rewarding users with more than IDR 75 billion. In 2023, the platform introduced a Web3-based 'Mission to Earn' (M2E) model and launched its native token CTT, which is now listed on the global exchange Bybit.
Global Plans and Prospects
The partnership with THF Ventures aims to combine Cashtree's successful engagement model with THF's global network and expertise to build the next-generation Web3 reward ecosystem. The global version of Cashtree is in the final stages of development and expected to launch in the next quarter.
With the new partnership with THF Ventures, Cashtree aims to create a scalable Web3-based rewards ecosystem, expand the availability of its token, and strengthen its international presence.
