Shiba Inu lead developer Shytoshi Kusama recently debunked false claims regarding the highly anticipated TREAT token in the Shiba Inu ecosystem. 🐕💰 Despite some confusion surrounding the token’s launch, the Shiba Inu team confirmed that TREAT will not launch before January 14th. However, some misinformation has been circulating, including a claim from a user named CryptoMumms that TREAT launched in January 2023. 🚫
Kusama confirmed that TREAT was never a stealth launch and urged the community not to fall for this scam. The fake token operating on ShibaSwap uses a specific contract address, but the Shiba Inu team confirmed that it is not the real TREAT. 🛑
TREAT plays a key role in Shiba Inu’s vision of becoming fully decentralized. Once launched, the token will enable governance, rewards, and real-world use within the ecosystem. Kusama called TREAT “key” to Shiba Inu’s future and plans to explain more in their weekly podcast. 🎙️
The token will also support a yield farming system called WOOF Wars: Farming 2.0, where users can increase their profits. By using veTREAT (vote escrowed TREAT), token holders will be able to participate in the governance process, and liquidity providers will earn additional rewards. 🎉
In addition, TREAT will be integrated into SHIB Pay, a blockchain-based payment system that allows users to make payments within the Shiba Inu ecosystem without involving conventional processors. 💳
Currently, the price of SHIB is at $0.00002401, up 1% in the last 24 hours and almost 10% since the beginning of the year. The Shiba Inu ecosystem currently has four tokens: SHIB, LEASH, BONE, and TREAT. 🌟
With all these developments, it is important for the community to stay vigilant and ensure that the information received is accurate! 🧐