PANews reported on January 6 that, according to official news, the Shiba Inu ecosystem token TREAT announced its launch date as January 14.

Last April, it was reported that the Shiba Inu team raised $12 million by selling unissued TREAT tokens to non-U.S. venture capital investors to develop its new privacy-focused Layer 3 blockchain. According to Shiba Inu, the TREAT token is the 'utility and governance token' for its new privacy-focused Layer 3 blockchain, which is built on the Ethereum Layer 2 blockchain Shibarium.