Pseudonymous #shiba⚡ Inu lead Shytoshi Kusama has vehemently debunked widespread speculations that the yet-to-be-launched TREAT token is already in circulation.
The Shiba Inu ecosystem team has confirmed the launch date for the highly anticipated governance token, TREAT. The token will make its market debut on January 14, bringing decentralization to the ecosystem.
However, bad actors are now pushing the narrative that the TREAT token has existed for almost 24 months. Shiba Inu lead Shytoshi Kusama has attempted to demystify this submission.
Kusama Insists TREAT Not in Existence
In a recent post, the pseudonymous lead responded to a user who claims that TREAT stealth launched years ago. Kusama insisted that the Shiba Inu ecosystem team has not launched the governance token, so the user’s statements were incorrect.
On Sunday, the user CryptoMumms promoted a fake TREAT token, arguing that the Shiba Inu ecosystem stealth launched the asset on January 14, 2023. For context, a stealth launch occurs when a team debuts a project without pre-information or marketing.
Notably, the user and his band have been spreading this misinformation since the Shiba Inu team confirmed the TREAT launch date. This has continued despite attempts by the ecosystem’s leaders to address the menace.
Moreover, the fake token teased to be the ecosystem’s TREAT trades on ShibaSwap with the wallet contract address “0xFBD…146B.” According to DEXTools, the deepfake trades at $0.001549 and has a market cap of $3.11 million.
