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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Strategy Halts Bitcoin Transactions for the Week

chest

Strategy did not engage in any Bitcoin purchases or sales last week, maintaining its holdings at 840,447 BTC.

user avatarKaterina Papadopoulou

Fake Downloads of The Odyssey Spread Lumma Stealer Malware

chest

Security firm Bitdefender warns that pirated copies of The Odyssey are circulating with malware designed to steal cryptocurrency wallets.

user avatarMaya Lundqvist

Shiba Inu SHIB Gains Momentum with New Listings and Adoption

chest

Shiba Inu SHIB has been listed on the Australian exchange FameEX and is now usable at Dubai Duty Free airport stores, marking significant adoption milestones.

user avatarLeo van der Veen

Rise in Wrench Attacks Targeting Cryptocurrency Holders

chest

The report highlights a surge in wrench attacks, particularly in France, where criminals are targeting cryptocurrency holders.

user avatarAisha Farooq

Massive Data Breach Exposes French Tax Records

chest

A hacker is selling a large database of French tax records that could affect over 678,000 individuals and businesses, raising concerns about phishing and identity theft.

user avatarLi Weicheng

OpenAI Faces Leadership Crisis Amid Safety Concerns

chest

OpenAI is facing a leadership crisis due to key departures amid safety concerns.

user avatarTenzin Dorje

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.