TREAT Release: Role in Shiba Inu Ecosystem and Spread of Misinformation

user avatar

by Giorgi Kostiuk

2 years ago

The Shiba Inu ecosystem has announced the release of its new governance token TREAT. Alongside the official announcement, there have been issues with misinformation circulating within the community.

Official Announcement of TREAT

The Shiba Inu ecosystem officially confirmed that the TREAT token is set to be released in January 2025. This followed a delay initially attributed to fundraising efforts, such as the $12 million venture capital round for the Layer-3 blockchain.

Misinformation and Its Consequences

Despite the official confirmation, misinformation spread within the community. A user known as CryptoMumms claimed that TREAT was launched in January 2023, causing confusion. Shiba Inu's leader, known as Shytoshi Kusama, publicly refuted these claims on social media.

Treat did not stealth launch years ago. This simply isn't true.Shytoshi Kusama

TREAT's Role in the Shiba Inu Ecosystem

The TREAT token will be a key component in achieving full decentralization within Shiba Inu. It will be involved in the WOOF Wars: Farming 2.0 system and enable voting participation for holders. TREAT will also be integrated into SHIB Pay, an on-chain payment system advancing crypto-commerce.

Shiba Inu's official announcement regarding TREAT has clarified community concerns over miscommunication. The token is expected to play a significant role in the ecosystem's future, supporting decentralization and new use cases.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Strategy Proposes Daily Dividends for STRC Preferred Stock

Strategy has conditionally declared daily dividends for its STRC preferred stock for November 2026, pending shareholder approval.

user avatarKofi Adjeman

Ripple Prime Expands Institutional Trading with New Derivatives Access

Ripple Prime introduces access to perpetual derivatives referencing traditional assets for eligible institutional clients.

user avatarNguyen Van Long

Pirate Chain Developers Report Major Vulnerability

Pirate Chain developers disclosed a significant vulnerability leading to the creation of approximately 398 million unauthorized ARRR tokens, raising urgent questions about network supply and trust.

user avatarSatoshi Nakamura

Crypto King Aiden Pleterski Faces Criminal Charges Over Misuse of Investor Funds

A Canadian court hears evidence that Aiden Pleterski misused investor funds for personal expenses.

user avatarJesper Sørensen

BinanceUS Seeks $100 Million in Fundraising Round

BinanceUS is reportedly pursuing a $100 million fundraising round at a valuation of approximately $1 billion to strengthen its position in the American cryptocurrency market.

user avatarRajesh Kumar

Consulting Arrangement Raises Questions About Tether and Bo Hines

A reported $63 million consulting arrangement between Tether and Nxum, linked to former White House adviser Bo Hines, has sparked concerns over potential conflicts of interest.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.