The token's delay, which at first was attributed to the fundraising, such as the $12 million venture capital round in April 2024 for the Layer-3 privacy blockchain, created some confusion.
Shiba Inu's governance token, TREAT, is yet to be released officially, despite rumors suggesting otherwise.
The delay in TREAT's launch, initially linked to fundraising efforts, has sparked confusion within the community. However, recent announcements indicate that the token will not be available to the public before January 14.
Despite the official confirmation, a user named CryptoMumms spread false information by claiming that TREAT had already been launched in January 2023. This claim, coupled with a fake TREAT token, has created further chaos within the Shiba Inu community.
However, Kusama later clarified that TREAT has not been launched yet and urged the community to refrain from interacting with the fake token. On X, Kusama shared a comedic video highlighting the absurdity of the situation and reiterating the warning against falling for such narratives.
The TREAT token plays a crucial role in Shiba Inu's vision of complete decentralization. Once launched, the token will facilitate governance, rewards, and real-world use cases within the ecosystem. According to Kusama, the token is a "capstone and key" to Shiba Inu's future, and he plans to delve deeper into its functions in his upcoming weekly podcast.
Moreover, TREAT will be integrated into WOOF Wars: Farming 2.0, an advanced yield farming system designed to amplify user earnings. Holders will be able to participate in governance through veTREAT (vote escrowed TREAT), while liquidity providers will earn additional rewards. This system aims to enhance the decentralization of the Shiba Inu network, empowering its holders to shape the coin's future.
In addition to governance, TREAT will be utilized by SHIB Pay, an on-chain payment system that enables payments within the Shiba Inu ecosystem without the involvement of traditional processors and instead relying on blockchain verification. The Shiba Inu team has revealed that TREAT will be instrumental in the future of the crypto-commerce revolution.
At the time of writing, SHIB is trading at $0.00002401, reflecting a 1% uptrend in the last 24 hours. The token has risen by nearly 10% since the beginning of the year. The Shiba Inu has four tokens in its ecosystem: SHIB, LEASH, BONE, and TREAT.
