Shiba Inu (SHIB) Launches a New Altcoin! Here are the Details…

Shiba Inu's privacy-focused Layer 3 blockchain's governance token will be TREAT.

Shiba Inu (SHIB), a joke altcoin closely followed by cryptocurrency investors, has recently come to the fore again. According to information received, the team behind Shiba Inu raised $12 million by selling TREAT, which was planned to be released, to venture capital companies outside the USA.

These investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital and Comma 3 Ventures, Shiba Inu said in a statement today.

Although the Shiba Inu team says that the investors do not include US-based companies, some of these investors, such as Mechanism Capital and Shima Capital, appear to be headquartered in the US.

Shiba Inu lead developer Shytoshi Kusama reiterated that none of the investors are US-based.

According to the Shiba Inu team, this TREAT token will serve as the “utility and governance token” of the new privacy-focused Layer 3 blockchain built on top of the Ehereum Layer 2 blockchain, Shibarium.

TREAT, which has not been released yet, may make a significant impact in the coming period.

Stay informed about all developments, like and follow. 🙏