The Shiba Inu ecosystem has formally introduced the long-awaited launch of its governance token TREAT. The token’s delay, which at first was attributed to the fundraising, such because the $12 million enterprise capital spherical in April 2024 for the Layer-3 privateness blockchain, created some confusion. Nonetheless, the Shiba Inu group has not too long ago introduced that the token is not going to be launched to the general public earlier than January 14.
Regardless of the official affirmation, misinformation has been circulating. A person often known as CryptoMumms posted that the TREAT token had already been launched in January of 2023. This declare and the pretend TREAT token have led to numerous confusion among the many Shiba Inu group.
Deal with didn’t stealth launch years in the past. This merely isn't true.
— Shytoshi Kusama™ (@ShytoshiKusama) January 5, 2025
This pretend token is at the moment working on ShibaSwap by the pockets contract handle “0xFBD…146B” and has been deceptive folks about its existence. DEXTools exhibits that its market capitalization is $2.86 million; nevertheless, the Shiba Inu group has confirmed that this isn’t the true TREAT token.
Shytoshi Kusama, the pseudonymous chief of the Shiba Inu ecosystem, additionally addressed these allegations in public. He identified that TREAT has not been launched and requested the group to not work together with this pretend token. On X, Kusama posted a video that was fairly comedic in nature and confirmed how pointless your complete factor was. He additional backed up the message with a warning to keep away from falling for such narratives.
TREAT’s function in Shiba Inu’s ecosystem
The TREAT token is important for Shiba Inu’s imaginative and prescient of changing into absolutely decentralized. After its launch, it would allow governance, rewards, and real-world use inside the ecosystem. Kusama mentioned that the token is a “capstone and key” to Shiba Inu’s future and plans to elucidate the small print in his weekly podcast.
TREAT may also assist WOOF Wars: Farming 2.0, a complicated yield farming system the place customers will be capable to enhance their income. Utilizing veTREAT (vote escrowed TREAT), holders will be capable to take part within the governance course of. Whereas liquidity suppliers will get further rewards. This method is supposed to boost the decentralization of the Shiba Inu community in order that its holders can resolve on the way forward for the coin.
Moreover governance, TREAT will probably be integrated into SHIB Pay, an on-chain cost system. It will permit customers to make funds inside the Shiba Inu ecosystem with out involving standard processors and with the assistance of blockchain verification. The Shiba Inu group has revealed that TREAT will probably be instrumental in the way forward for the crypto-commerce revolution.
As of the time of writing, SHIB is buying and selling at $0.00002401, a 1% uptrend within the final 24 hours. The token has risen by almost 10% because the starting of the yr. The Shiba Inu has 4 tokens in its ecosystem: SHIB, LEASH, BONE, and TREAT.
