Shiba Inu TREAT Token Officially Unveiled, Ecosystem Moves Towards Full Decentralization
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The Shiba Inu team recently announced that the highly anticipated TREAT token will officially launch this month. This news marks an important step for the Shiba Inu ecosystem towards full decentralization. Shiba Inu chief developer Shytoshi Kusama stated that TREAT will be the 'cornerstone and key' for the ecosystem to become 'fully and permanently decentralized'.
TREAT Token: Dual Role and Diverse Functions
According to the Shiba Inu team, the TREAT token will not only serve as a trading reward token but will also act as a governance and Gas token in the upcoming Layer-3 blockchain. Here are its key features:
Ecosystem Rewards:
Users can earn TREAT rewards by staking SHIB tokens or participating in liquidity pools.
On-Chain Payments:
Integrated into the SHIB Pay payment system, facilitating decentralized payment solutions.
Advanced Functionality Support:
TREAT is at the core of WOOF Wars: Farming 2.0, used for optimizing yield farming.
Global Applications and Privacy Support:
In the new Layer-3 blockchain, TREAT will power privacy transactions and global applications.
Significant Implications: Moving Towards Full Decentralization
Kusama emphasized that the TREAT token will be an important tool for driving global adoption: 'TREAT is not just a tradable token, but a key pillar that drives the network's operation.'
The launch of this token is seen as a crucial step to unlock advanced functionalities within the Shiba Inu ecosystem, helping global crypto users leverage the SHIB network to solve real-world problems.
Community Anticipation and Future Outlook
The development of TREAT has been in preparation for over two years, and this release has attracted the keen attention of the SHIB community. In April, the team raised $12 million for the new Layer-3 project by selling TREAT to venture capitalists. Although details of the public sale have not yet been disclosed, the community is confident about the future performance of TREAT.
Summary: The launch of TREAT symbolizes another milestone for the Shiba Inu ecosystem, signaling a deeper layout for SHIB in the decentralized space. As the Layer-3 privacy blockchain and other functionalities gradually materialize, TREAT will further solidify the Shiba Inu ecosystem's position in the market.
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