According to Shytoshi Kusama, the chief creator of ShibaSwap and a significant SHIB influencer, Shiba Inu will launch a new token TREAT, as part of its growth process.
Shytoshi’s blog, which also included additional updates on Shiba’s L2 blockchain Shibarium and its stablecoin, SHI, was where the Treat launch announcement was made.
The Treat token will mostly be utilized as a reward, according to Shytoshi. The distribution of BONE tokens as payment for the creation of validators in Shibarium was just approved by the Shiba community. The token will be used as payment for all other actions.
The Shiba Collectible Card Game and the Metaverse will both receive rewards from Treat, according to Kusama. It is also thought to be crucial to the SHI stablecoin’s balance. Kusama was certain that the community would embrace tokenomics. Treat was created in a rather secretive manner to prevent any rush off and to carefully plan its use cases.
Kusama disclosed that a constrained number of Treat would also be held back for devoted Breed members. He claims that many of Shiba’s most devoted fans have to deal with “FUD,” sometimes from former teammates who broke up amicably. Kusama questioned their intentions and made the speculative claim that they might be trying to drive down SHIB so they can buy the dip.
Shiba Inu saw the biggest transaction in its history, as well. A whale spent USD 210 million for 20 trillion $SHIB. This whale, which typically concentrates on XRP, increased SHIB by 21% while lowering XRP by 5%.
