As the broader cryptocurrency space and the Shiba Inu (SHIB) community look forward to the official introduction of the TREAT token, crucial developments are taking place. Shiba Inu coin developers are making arrangements to ensure seamless processes once TREAT becomes official.
SHIB Announces Key Exchange Partnerships for TREAT
Shytoshi Kusama, SHIB lead developer, took to X to post two significant announcements in a notable development.
Through the update, he informed the community of two cryptocurrency exchanges that would serve as launch partners for the token. They include Gate.io and KuCoin.
According to KuCoin, the token will trade as a TREAT/USDT pair, and deposits are now open. Actual trading will, however, commence on January 14, 2025.
The two exchanges would list TREAT on their platform. This news has excited members of the ecosystem, and they consider it a worthy development.
Many market participants have begun speculating on the potential impact this could have on the price of Shiba Inu coin.
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Notably, the listing of TREAT across both exchanges increases accessibility for users.
It implies that once the token goes live, users in areas where the crypto exchanges have reach could immediately start transacting instead of awaiting expansion rollouts.
However, a few users have expressed concerns over the choice of Gate.io and KuCoin. These groups of users observed that both exchanges exclude those of them in the United States.
Others expressed concerns over the delay in listing BONE just like TREAT has been listed. The SHIB team has not provided any replies to these concerns.
TREAT’s Role in the SHIB Ecosystem
The upcoming TREAT token remains crucial to the SHIB ecosystem and has a role in governance and innovation.
Primarily, TREAT will provide access to advanced features and contribute to its decentralized vision.
TREAT is a critical step towards repositioning Shiba Inu coin beyond “just a memecoin.” The token will support WOOF Wars, an advanced yield farming version. The aim is to ensure maximum profit for users of the platform.
Speaking during a podcast, Kusama insisted that TREAT will be critical in restoring trust and enthusiasm within the SHIB ecosystem.
It will also serve as a foundation for further innovation of the Shiba Inu ecosystem.
As the main token to power its Layer-3 innovation, TREAT will also enhance the FHE technology the team is pushing.
Overall, TREAT will complement all innovations the team has been rolling out on Shibarium since its inception.
Potential Impact on Shiba Inu Coin
Shiba Inu coin will look to profit from this launch as TREAT will unlock new features such as SHIB Pay, an on-chain payment system.
The platform aims to provide a new wave of crypto-based commerce innovations. Overall, TREAT will enhance the value and utility of SHIB, which could drive up the price of the memecoin.
Additionally, TREAT could boost Shba Inu with its real-world utility for users and unlocking rewards.
This shift in user interaction on the network could boost community engagement and support it to gain traction in the broader crypto space.
As of this writing, SHIB price was changing hands at $0.00002168, representing a 0.93% increase in the last 24 hours.
Trading volume only slightly increased by 1.80% to $542.99 million. Analysts expect an improvement once TREAT goes live.
