Shiba Inu's TREAT token to launch on January 14, introducing governance features.
Shytoshi Kusama debunks rumors of a stealth TREAT launch from 2023.
Fake TREAT token circulates on ShibaSwap, trades at $0.001549 with a $3.11M cap.
The Shiba Inu community is still active in anticipation of the TREAT token following the announcement of the official dates of its release. The launch of the eagerly anticipated token, which will introduce fresh governing and utility features to Shiba Inu, is scheduled for January 14. The marketing lead of the Shiba Inu, Lucie, announced the news on platform X, and such information stimulated the interest of investors and traders.
Shiba Inu lead Shytoshi Kusama had previously hinted at a January launch, but this recent announcement has solidified expectations. Despite this, Kusama has also warned the community about potential scams related to the TREAT token. He emphasized that only the Shiba Inu ecosystem team is responsible for the official launch. This launch was expected to enhance decentralization and governance within the platform.
Debunking Misinformation About TREAT Token’s Existence
Kusama addressed rumors on social media and denied any stealth launch of the TREAT token. Some claim the token stealth-launched on January 14, 2023, and has been in circulation for nearly two years. Kusama swiftly dismissed these allegations, confirming that the Shiba Inu team had not launched the token yet.
https://twitter.com/ShytoshiKusama/status/1875994295502774558
These claims of a hidden launch link to a fake TREAT token currently circulating on ShibaSwap. This counterfeit version of the token has been promoted with a misleading contract address, “0xFBD…146B,” and is reportedly trading at $0.001549 with a market cap of $3.11 million. Kusama strongly cautioned the community against purchasing this fake asset, stressing that it does not belong to the official Shiba Inu ecosystem.
What’s Next for Shiba Inu and the TREAT Token
While Shiba Inu is preparing for the official TREAT token drop, the community is still optimistic about its future. The new TREAT token will introduce governance features and rewards for Shiba Inu holders. This could greatly affect the future of the Shiba Inu ecosystem and create a greater use case for its users.
Nonetheless, market participants have shown optimism towards the coin due to its recent price volatility. SHIB is currently at $0.00002381 per coin, slightly lower than its recent peak. In the last week, the SHIB ecosystem has experienced a 12% increase in value, giving investors more confidence in the token.
The post Shiba Inu TREAT Token Launch Date Confirmed Amid Scam Warnings appeared first on Crypto News Land.
