Shiba Inu Ecosystem Raises $12 Million to Fuel TREAT Token and Layer-3 Blockchain Enhancements

The Shiba Inu ecosystem has successfully secured $12 million in funding through a token sale for its upcoming TREAT token. This investment will drive the development of a new blockchain network centered on privacy. The TREAT token will serve as a utility and governance token for a Layer-3 blockchain built on Shibarium, prioritizing user anonymity and addressing concerns within the cryptocurrency industry.

Shiba Inu Ecosystem Secures $12 Million Funding for TREAT Token and Layer-3 Blockchain Development

Zurich, Switzerland – July 17, 2023 – The Shiba Inu ecosystem has taken a major step forward with a successful $12 million fundraising round for its upcoming TREAT token, which will fuel the development of a new Layer-3 blockchain network focused on user privacy.

TREAT Token to Power Layer-3 Blockchain

The TREAT token, yet to be launched, will serve a dual purpose within the Shiba Inu ecosystem. It will function as a utility and governance token for a new Layer-3 blockchain network built upon the Ethereum Layer-2 network, Shibarium. This network prioritizes user privacy and aims to address growing concerns within the cryptocurrency space.

Investment Fuels Innovation and Expansion

The $12 million funding round, led by Polygon Ventures, Mechanism Capital, and Animoca Brands, represents a significant milestone for the Shiba Inu project. The funds will support the development of the Layer-3 blockchain network, enhance user privacy, and further expand the Shiba Inu ecosystem.

Shibarium Blockchain to Enhance Privacy

The Shibarium blockchain, built on the Ethereum Layer-2 network, will utilize fully homomorphic encryption (FHE) technology. Often referred to as the "holy grail" of cryptography, FHE allows for end-to-end data encryption even during processing. This advanced technology will provide unprecedented levels of user privacy and security within the Shiba Inu ecosystem.

Shiba Inu Ecosystem Expands

The TREAT token and its associated blockchain are just the latest additions to the rapidly expanding Shiba Inu ecosystem. The ecosystem already features established tokens like SHIB, the widely recognized meme coin; BONE, the governance token for Shibarium; and LEASH, a fixed-supply token offering benefits like BONE rewards for dedicated Shiba Inu users.

Commitment to Privacy and Security

The Shiba Inu team has consistently emphasized its commitment to addressing privacy and security concerns for its existing community and future crypto enthusiasts. The $12 million funding round and ongoing development efforts with FHE highlight the Shiba Inu ecosystem's dedication to innovation and building a secure future within the cryptocurrency space.

Combating Fraudulent Activity

The Shiba Inu team has strongly condemned fraudulent activity surrounding the unreleased TREAT token. Platforms like CoinGecko and CoinMarketCap have displayed trading volume for TREAT tokens, despite their inauthenticity. Shiba Inu has emphasized that the legitimate TREAT token will be launched by Shiba Inu Mint S.A., a Panamanian company.

Join the Shiba Inu Revolution

The Shiba Inu ecosystem continues to make waves in the cryptocurrency industry, with its innovative approach to privacy, security, and community building. As the ecosystem expands and the TREAT token and Layer-3 blockchain come to fruition, Shiba Inu is poised to establish itself as a leading force in the future of digital finance.

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