- Ryoshi, the creator of SHIB, had the idea for Treat to replace BONE as the reward token for ShibSwap.
- TREAT seeks to improve the Shiba Inu ecosystem’s governance and trust.
The introduction of the TREAT token, a significant component of the SHIB ecosystem, was announced by Shiba Inu head Shytoshi Kusama. Ryoshi, the creator of SHIB, had the idea for Treat to replace BONE as the reward token for ShibSwap.
Furthermore, beyond these capabilities, TREAT seeks to improve the Shiba Inu ecosystem’s governance and trust. Also, this update shows how seriously the community takes the goal of improving SHIB’s standing in the cryptocurrency market and expanding the possibilities of decentralized finance (DeFi).
Lead developer Shytoshi Kusama, who is leading the Shiba Inu ecosystem, has teased the debut of the TREAT token, which has the SHIB community very excited. Treat was announced on November 23 as a game-changing innovation to the ecosystem. Kusama highlighted its importance in furthering Shiba Inu’s objective to enhance decentralized finance (DeFi) in terms of trust, governance, and usefulness.
Kusama emphasized the need for responsibility in light of the current situation with live streamer Jack Doherty and his deceitful meme coin. He spilled the beans on the Shiba Inu ecosystem, saying that it will have “Karma and Reputation” systems powered by TREAT.
Moreover, potentially resolving trust difficulties in the cryptocurrency realm, these solutions seek to promote a trustworthy environment by rewarding positive contributions and deterring frauds. Although the token’s debut has not yet occurred, the community is excitedly anticipating its arrival. Treat will presumably take the place of BONE as the reward token for ShibSwap whenever it becomes live.
If Shiba Inu (SHIB) follows a similar development path as Dogecoin, its price might double, according to analysts. As the market for meme coins continues to grow, SHIB is catching on and has the potential to become as successful as Dogecoin.
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