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

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

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

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.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Nigeria's Central Bank Unveils New Regulations for Virtual Assets

On November 5, 2023, Nigeria's Central Bank announced a new licensing framework for non-security virtual assets, including stablecoins, aimed at enhancing consumer protection and financial system integrity.

Elias Mukuru3 hours ago

US Economy Adds 165,000 Jobs in October

The Bureau of Labor Statistics reported that the US economy added 165,000 jobs in October, with the unemployment rate stable at 4.1%, complicating expectations for quick monetary easing by the Federal Reserve.

Diego Alvarez4 hours ago

TeraWulf Announces Major Contracts and Future Plans

TeraWulf has secured significant contracts, including a 20-year lease with Anthropic and a credit backstop from Google, signaling strong future revenue potential.

Kenji Takahashi6 hours ago

TeraWulf Reports Significant Shift in Revenue Sources

TeraWulf's third-quarter earnings reveal a major transition towards high-performance computing, with HPC lease revenue making up 83% of total revenue.

Maria Fernandez6 hours ago

Solana Foundation Reports Major Protocol Changes and Record Asset Value

The Solana Foundation has released its October 2023 ecosystem review, detailing significant protocol changes that went live last month, including a reduction in target slot time to 200 milliseconds and the activation of Alpenglow consensus, highlighting a record value of $5 billion in real-world assets on the network.