Shiba Inu team will launch a new token called “TREAT” soon. The token aims to reward Shina Inu community and supports new layer-3 project

Shiba Inu’s Layer-3 blockchain is an innovative development that aims to enhance privacy and customization within the Shiba Inu ecosystem.

The Layer-3 blockchain will offer extensive customization options, allowing developers to tailor the blockchain to specific needs, such as privacy or supporting high volumes of transactions.

It is a privacy focus blockchain, utilizing Fully Homomorphic Encryption (FHE), the Layer-3 blockchain will enable computations on encrypted data without needing to decrypt it, thus enhancing transactional privacy.

This Layer-3 blockchain will be built on top of Shibarium, Shiba Inu’s Layer-2 solution built on Ethereum, ensuring improved performance and interoperability.

The Shiba Inu development team, led by Shytoshi Kusama, is preparing to launch a new token called TREAT as part of its expanding ecosystem.

The TREAT token will serve as the utility and governance token within the Layer-3 blockchain, alongside other tokens like SHIB, BONE, and LEASH.

TREAT will replace BONE as the reward token on ShibaSwap, following a community vote to cap the minting of BONE at 230 million tokens.

This move aims to ensure a seamless transition for rewards within the ecosystem. Moreover, a limited supply of TREAT tokens will be reserved for the most loyal Shiba Inu community members who have significantly contributed to the project's growth and development.

TREAT token utility

TREAT is set to become the fourth token in the Shiba Inu ecosystem, alongside SHIB, BONE, and LEASH. This new token will serve multiple roles:

1.      Reward Token

TREAT will be used to reward participants within the SHIB community, including those involved in the Shiba Inu Metaverse and the Shiba Collectible Card Game​​.

2.    Ecosystem Balance

It will help maintain the balance of SHI, the ecosystem’s stablecoin, ensuring its stability and utility within the network​.

3.   Governance and Utility

TREAT will also serve governance purposes within the Shiba Inu ecosystem, giving holders a say in future developments​.

The layer-3 project raised $12 million to develop the Layer-3 blockchain. It is backed by prominent venture capital firms such as Animoca Brands and Polygon Ventures.

Shiba Inu team is expected to put Shibarium in a new spotlight, offering enhanced features that could benefit the entire Shiba Inu community.

Shiba Inu team will announce the official launch date for the TREAT token in the future.