- Shiba Inu’s marketing lead, Lucie, has dispelled rumors about the launch of the TreatforShib token, also known as TREAT.
- Despite reports to the contrary, TREAT has not yet been officially launched.
- Lucie has urged the community to rely only on official updates.
Shiba Inu’s marketing lead, Lucie, debunks false claims about the launch of the TreatforShib token, TREAT, and urges the community to rely on official updates.
Clarification on TREAT Launch
Shiba Inu’s marketing lead, Lucie, recently clarified misconceptions about the launch of the TreatforShib token, commonly known as TREAT. Despite reports claiming the token was launched in 2023, Lucie confirmed that TREAT has not yet been officially released.
The Shiba Inu L3 Blockchain
TREAT was highlighted as one of the Layer-3 tokens in the latest version of Shiba Inu’s magazine, ‘The Shib.’ This announcement sparked interest among crypto market participants. The Layer-3 blockchain is a result of Shiba Inu’s collaboration with Zama and will be accompanied by a Fully Homomorphic Encryption (FHE) based layer 3 blockchain. This move is seen as part of Shiba Inu ecosystem’s strategy to enhance scalability on the Shibarium network, facilitating high-volume transactions and supporting complex applications.
Role of TREAT in Shiba Inu’s Ecosystem
TREAT is expected to play a crucial role in governance and utility on the new L3 blockchain, similar to BONE on Shiba Inu’s scaling solution, Shibarium. Recently, the Shiba Inu developer team raised $12 million through TREAT utility and governance token to develop its new privacy-focused L3 blockchain and other initiatives. The fundraising round attracted some of the biggest crypto contributors and venture capital firms.
Future Plans for TREAT
Shiba Inu plans to use the funds raised to further develop the privacy-based L3 blockchain with Zama. Shiba Inu’s developer, Shytoshi Kusama, mentioned that TREAT will hit the crypto market this year, further emphasizing that the token is yet to be unveiled. Meanwhile, Shibarium achieved a new milestone with the successful completion of a hard fork, attracting interest from the wider crypto community.
Conclusion
While there has been much speculation about the launch of TREAT, Shiba Inu’s marketing lead, Lucie, has clarified that the token has not yet been officially launched. The token is expected to play a significant role in the Shiba Inu ecosystem, particularly in governance and utility on the new L3 blockchain. With the successful completion of a hard fork on Shibarium, the crypto community eagerly awaits the official launch of TREAT.
