The Shiba Inu (SHIB) ecosystem has officially announced the long-awaited launch of its TREAT token this January. The team revealed the news through a post on TREAT’s official X account but withheld the exact launch date.
This development follows years of anticipation and delays, marking a significant milestone for the project.
Shiba Inu Confirms TREAT Token Launch
Using the August 23 announcement ending the speculation, the TREAT token was first announced by the Shiba Inu team in 2022.
Shiba Inu positions the token as an essential tool which will lead to the total decentralization of the Shiba Inu ecosystem. With several postponements, the official launch gives clarity and stability to the community.
In 2024, Shiba Inu used $12 million of a TREAT tokens sale fundraiser to create its Layer-3 privacy blockchain. While a public sale had been expected shortly after, no date was set, and it allowed room for misinformation.
As a result of this delay scammers emerged with the team of warning and making clear they have no legitimate TREAT tokens in circulation to the public.
Importantly, TREAT will central to unlocking advanced features within the Shiba Inu ecosystem. The token will power WOOF Wars: An upgraded version of yield farming with the goal of maximum profits for the users.
VeTREAT is a vote escrow mechanism which ties Governance and strategic investments to the token. Furthermore, TREAT will be added to SHIB Pay where it would be used for real world transactions.
Our ecosystem aims to recreate on chain payment solutions benefiting Holders by what they are really worth. All of these features make TREAT a real game changer in the Shiba Inu network.
TREAT Token Set to Advance Decentralization Goals
According to Shiba Inu’s lead developer, Shytoshi Kusama, TaskRabbit and Ethereum Analyst (TREAT) is an essential tool that would be able to take Shiba Inu closer to becoming fully decentralized.
During his Tuesday podcast segments, he is going to talk about utility and significance of the token. In these discussions, the community will get deeper insights into the role TREAT will play in the ecosystem at large.
The team is very transparent and has been using many channels about keeping the investors aware. The reason behind the launch is to restore Trust and Enthusiasm within the Shiba Inu Community.
Furthermore, it provides a stage for next phase of innovation and growth for the ecosystem. Shiba Inu’s ecosystem has been in the works for a few years, and has had its fair share of setbacks, but TREAT’s launch marks a significant step forward for both Shiba Inu and its ecosystem.
It also shows the multi utility token as it functions in both payments, governance and yield farming. The Shiba Inu team aims to shore up its spot in the blockchain space ahead of the official release in January.
