Shytoshi Kusama, a major SHIB influencer and lead developer of ShibaSwap, announced the new token of Shiba to be launched soon. This new token which is called TREAT, will be launched as a part of their ecosystem development.
The lead developer of SHIB added that the Treat token will be used as a reward primarily. Recently, the Shiba community voted for the BONE tokens to be a reward for the production of validators in Shibarium. Treat will serve as a reward.
Kusama also noted that Treat will be used to derive rewards for the Metaverse and the Shiba Collectible Card Game, described as “the best collectible card game on the planet.”
The most important role the new token is believed to play is in the balancing of the SHI stablecoin.
“This is a huge step in the final landing of this massive project to full decentralization,” Kusama insisted.
The recent updates created a lot of excitement in the SHIB community. SHIB’s price has increased by 6% following the recent news in the last 7 days. Users are currently buying and selling Shiba at $0.00001043. SHIB burn rates are also up by 155% in the last 24 hours. According to the blog post by Kusama, TREAT is being “quietly in design” and will widely influence the Shiba Inu ecosystem.
The stablecoin is to operate on both Ethereum and Shibarium (a blockchain solution proposed by Ryoshi, the creator of Shiba Inu).
“If everything goes as planned, the SHI stablecoin will be launched already this year,” said the developer.
Shytoshi Kusama called this a fresh start for the meme coin community, but didn’t provide additional details, which are being developed by Playside and Shiba Games, saying that it deserves a separate blog post that will come at a later stage.
Kusama advised individuals to protect their mental and spiritual sanity and take care of their family and assets, in times of such adverse conditions.