The Shiba Inu team have teased the exact launch timeline for TREAT, the much anticipated token for the memecoin ecosystem
The Shiba Inu (SHIB) ecosystem is finally nearing the launch of TREAT, the fourth and last official token in the ecosystem. In an X post made by the dedicated account of the token, it was confirmed that TREAT will debut this January. Although, the exact day for its launch was not specified.
Scammers Exploit TREAT Launch Delay
TREAT was first introduced in 2022, and in the last two years, the team behind this token has been hinting about its launch.
It was characterized as Shiba Inu’s key to complete decentralization. In the second quarter of last year, the team claimed that it sold some portion of the token to venture capitalists in a $12 million fundraiser for its upcoming Layer-3 privacy blockchain.
Since then, the community has looked forward to the public sale of TREAT, but their expectations have not been met. Notably, some scammers have exploited this delay to launch fake versions of the TREAT token. This led the team to release warnings to the community, informing them of the public unavailability of TREAT.
In light of the new information about its January launch, Shiba Inu’s lead developer, Shytoshi Kusama, spelled out the relevance of TREAT to the ecosystem. He believes the token is a “capstone and key” to Shiba Inu’s “full and perpetual decentralization.”
Kusama plans to share further details about the token’s utility and how it fits into the broader Shiba Inu ecosystem.
Utility For TREAT in Shiba Inu Ecosystem
Before then, the team behind the token had already provided some information about the roles TREAT will play in the SHIB ecosystem. This token will go a long way in unlocking advanced features within the Shiba Inu ecosystem. It will give holders access to innovative features and solutions in the long run.
It is worth noting that TREAT is the token backing WOOF Wars: Farming 2.0. This advanced yield farming mechanism makes it possible for users to maximize their earnings through vote escrowed TREAT (veTREAT) for governance and other initiatives.
TREAT’s role in the Shiba Inu ecosystem is to govern the Network State of Shiba Inu’s innovation branch.
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