2024-04-25
The highly anticipated launch of the TREAT token, a pivotal component of the upcoming layer-3 blockchain in the Shiba Inu ecosystem, is rapidly approaching.
To cultivate community engagement and involvement, members of the SHIB Army have been presented with a range of opportunities to earn TREAT.
In a recent social media post, Lucie, a content specialist for Shiba Inu, underscored the significance of TREAT. She emphasized that TREAT embodies the original vision set forth by Ryoshi, the pseudonymous founder of Shiba Inu.
Distinguishing itself from numerous other tokens, TREAT offers practical utility within the Shiba Inu ecosystem, presenting exciting prospects for SHIB enthusiasts to earn rewards.
The Shiba Inu team has outlined multiple avenues for obtaining TREAT. One primary method involves staking on ShibaSwap, the decentralized exchange within the ecosystem.
Furthermore, users can acquire TREAT through participation in SHIB: The Metaverse, an ongoing virtual world project, or by engaging with Shiboshi NFTs, a collection of unique tokens within the Shiba Inu universe.
TREAT serves various purposes beyond being a reward token. It plays a crucial role in maintaining liquidity for the upcoming SHI stablecoin, a cryptocurrency pegged to the value of a fiat currency like the US dollar.
Moreover, TREAT has the potential to replace BONE as the primary reward token on ShibaSwap in the future. Additionally, TREAT facilitates the integration of Shiba Eternity, a collectible card game with a Shiba Inu theme, into the blockchain.
The core functionality of TREAT lies in its role as the governance token for Shiba Inu's forthcoming layer-3 blockchain, which places a strong emphasis on privacy.
Recently, the Shiba Inu team secured $12 million through a pre-launch sale of TREAT tokens to venture capitalists. These funds will expedite the development and launch of the layer-3 blockchain.
The introduction of the layer-3 solution utilizing TREAT does not diminish the importance of BONE, the current governance token used on Shibarium, the layer-2 solution of Shiba Inu.
Lucie clarified that both tokens will coexist and serve distinct purposes within the ecosystem. While BONE will continue to function on the layer-2 network, TREAT will govern the new layer-3 blockchain, fostering a more robust and multifaceted Shiba Inu ecosystem.
By providing various avenues for acquiring TREAT and outlining its diverse functionalities, the team aims to encourage active participation from the SHIB Army and create a more interconnected and rewarding ecosystem for all users.
