• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Kaspa Token Experiences Significant Price Movement

chest

The Kaspa token surged over 60% in five days but faced a 10% pullback recently, raising questions about its future trajectory.

user avatarRajesh Kumar

Analysts Identify Key Levels for Kaspa's Next Move

chest

Analysts from Kaspa Daily have identified key price levels for Kaspa, suggesting that a move above 0.065 could lead to upward momentum, while failing to hold support near 0.04 may change the technical outlook.

user avatarJesper Sørensen

Kaspa's Sentiment Shift Indicates Potential for Continued Growth

chest

Recent market activity has shown a significant shift in community sentiment for Kaspa, with confidence levels rising above 90% as the price broke above 0.06.

user avatarLucas Weissmann

Funding Rate Trends Reflect Shifting Market Posture for ZEC

chest

ZEC's funding rate trends indicate a shift in market sentiment, with recent data showing a return to neutral funding as the asset tests a decisive technical zone.

user avatarFilippo Romano

ZEC Faces Structural Pressure as Price Tests Final Support Near Key Fibonacci Level

chest

ZEC is currently trading near a crucial technical zone after losing two important support levels, raising concerns among traders about potential further declines or a recovery setup.

user avatarEmily Carter

Arthur Hayes Predicts Rise of Privacy Technologies in Crypto

chest

Arthur Hayes predicts that privacy technologies will dominate the next narrative in the cryptocurrency space, with a focus on Ethereum and institutional adoption.

user avatarTomas Novak

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.