Shytoshi Kusama hints at the launch of the TREAT token, aimed at strengthening Shiba Inu’s ecosystem with trust, governance, and DeFi capabilities.
The TREAT token, a significant addition to the SHIB ecosystem, has been launched, according to Shiba Inu leader Shytoshi Kusama.
Treat token, which was first conceived by Ryoshi, the founder of SHIB, is intended to supply liquidity for SHIB, the ecosystem’s stablecoin, and take the role of BONE as ShibSwap’s reward token.
In addition to these roles, TREAT seeks to improve trust and governance in the Shiba Inu ecosystem.
The community’s dedication to enhancing decentralized finance (DeFi) capabilities and solidifying SHIB’s standing in the cryptocurrency market is demonstrated by this development.
Using Kusama’s Vision, TREAT Token Will Strengthen Ecosystem
The SHIB community was excited when developer Shytoshi Kusama, who is spearheading the Shiba Inu ecosystem, alluded to the TREAT token’s impending introduction.
With Kusama highlighting its contribution to Shiba Inu’s objective to enhance trust, governance, and utility in decentralized finance (DeFi), the release on November 23 characterized Treat as a revolutionary addition to the ecosystem.
Kusama emphasized the significance of responsibility about a recently publicized instance in which live streamer Jack Doherty defrauded his followers with a fake meme coin.
He disclosed that the “Karma and Reputation” systems that would be a part of Shiba Inu’s ecosystem would be powered by TREAT.
By rewarding constructive contributions and preventing scams, these systems seek to create a trustworthy environment, which may help resolve trust difficulties in the cryptocurrency field.
The community is excitedly awaiting the token’s arrival, even though it has not yet launched.
Treat is anticipated to take the place of BONE as ShibSwap’s reward token once it goes live.
Additionally, it will promote governance in the Shiba Inu ecosystem and supply liquidity for SHI.
Shiba Inu Soar Amid Rising Market Hope
According to analysts, Shiba Inu (SHIB) may double in value and exhibit a similar development trend as Dogecoin.
SHIB is gaining popularity due to the growing interest in meme coins and may replicate Dogecoin’s success.
Additionally, the market was encouraged by the significant increase in the SHIB burn rate that was reported today.
The price of SHIB is now $0.0000273, up 10% over the previous day. Over the previous week, the coin has increased by 55%, indicating robust market momentum.
$0.00002437 is its 24-hour low, while $0.00002794 is its 24-hour high.
Strong investor trust is demonstrated by SHIB’s $16 billion market capitalization and $3.36 billion 24-hour trading volume.
