Shytoshi Kusama, a major SHIB influencer and lead developer of ShibaSwap, announced that Shiba Inu will launch a new token. The new token, TREAT, will be launched as a part of their ecosystem development.
SHIB’s price has increased by 6% in the last 7 days. It is currently trading at $0.00001043.
The announcement came from Shytoshi’s blog, which also provided other updates on Shiba’s L2 blockchain Shibarium and its stablecoin, SHI.
Significant Developments In Shiba Inu Ecosystem
Shytoshi disclosed that the Treat token will be primarily used as a reward. Recently, the Shiba community voted for the allocation of BONE tokens as a reward for the production of validators in Shibarium. Treat will be used as a reward for everything else.
Moreover, Kusama revealed that Treat will also be used to derive rewards for the Metaverse and the Shiba Collectible Card Game. It is also believed to play a key role in the balancing of the SHI stablecoin. Kusama was confident that the tokenomics will be popular within the community. Treat was developed in relative secrecy to avoid any rush off and to plan its use cases well in advance.
