Shina Inu went on to take crucial steps towards further development and expansion of the ecosystem
On Wednesday, on 6th July, some plans were teased for the expansions of the Shiba Inu ecosystem. These plans include adding features like a decentralized stablecoin, collectible card game focusing on its metaverse and a rewards token dubbed as TREAT. The announcement via a flag post on Medium, by pseudonymous developer of Shiba Inu, Sytoshi Kusama.
Lead developer Kusama noted in the post that independent developers are employed towards creating an all new decentralized stablecoin for the ecosystem named as SHI. The blog post stated that the developers team will reveal further information about developments of stablecoin SHI as it will reach its final form. It was also mentioned that SHI has planned to launch within the ongoing year.
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Another entity that is going to be added was the reward token of Shiba Inu’s upcoming SHIB metaverse, TREAT. This reward token will be linked to the Shiba Collectible Card Game. Features of this token includes helping in providing balance to stablecoin of Shiba Inu. However, no further description about this token would work disclosed in the blog post. Moreover, developers are also going to keep a certain amount of TREAT that would help in backing the project in the long term.
Second biggest memecurrency in the crypto market, Shiba Inu (SHIB), doing well lately. Earlier it had launched a decentralized exchange platform called ShibaSwap. This also included native tokens of ecosystem BONE and LEASH. These were launched following the plans of expansion of the Shiba Inu ecosystem.
Additionally, there is also another part of the same plan where developers are consistently working. This is about layer 2 protocol of the Shiba Inu ecosystem named Shibarium. After this deployment of native apps and development would become a lot easier, along with gas fees in the BONE token.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.