Shiba Inu Ecosystem Soars with TREAT Token Rewards and Expanded Functionality

The Shiba Inu ecosystem team has outlined several avenues for the SHIB Army to earn the upcoming TREAT token. TREAT will serve as a reward token within the ecosystem, enhancing liquidity for the SHI stablecoin, potentially replacing BONE as the primary reward token on ShibaSwap, and supporting the blockchain adaptation of Shiba Eternity. Additionally, TREAT will be the governance token for the upcoming privacy L3 blockchain, supplementing the L2 Shibarium solution while not replacing the BONE token.

Shiba Inu Ecosystem Expands with TREAT Token Earning Opportunities and Versatile Functions

The Shiba Inu ecosystem team has unveiled comprehensive details regarding the impending TREAT token and its multifaceted roles within the ecosystem. As the Shiba Inu community eagerly anticipates the launch of its layer-3 blockchain, the introduction of TREAT provides an additional avenue for engagement and rewards.

Earning TREAT through Ecosystem Participation

Shiba Inu enthusiasts can actively earn TREAT tokens through various avenues within the ecosystem. According to Lucie, the ecosystem's content specialist, staking SHIB tokens on the decentralized exchange ShibaSwap presents an opportunity to accumulate TREAT. Additionally, exploring the SHIB: The Metaverse platform or interacting with Shiboshi NFTs also yields TREAT rewards.

Versatile Roles of TREAT Token

TREAT serves as a versatile reward token within the Shiba Inu ecosystem. Its primary function is to enhance liquidity for the upcoming SHI stablecoin. Furthermore, TREAT is poised to potentially replace BONE as the primary reward token on ShibaSwap.

Beyond its role as a reward token, TREAT will also play a pivotal role in the blockchain adaptation of Shiba Eternity, the Shiba Inu-themed collectible card game. Most notably, TREAT will serve as the governance token for the upcoming privacy-focused layer-3 blockchain, providing community members with voting rights and influence over the blockchain's development.

Layering Solutions and Ecosystem Collaboration

The Shiba Inu team has clarified the relationship between the upcoming layer-3 blockchain and the existing layer-2 solution, Shibarium. Lucie emphasized that the layer-2 solutions offered by Shibarium primarily aim to enhance scalability on blockchains such as Ethereum. In contrast, layer-3 solutions, like the one leveraging TREAT, introduce higher-level protocols.

Importantly, the upcoming layer-3 solutions will not replace BONE, the token utilized on Shibarium. Instead, both assets will work in tandem to elevate the capabilities of the Shiba Inu ecosystem. By combining the versatility of TREAT on layer-3 with the scalability enhancements provided by Shibarium on layer-2, the Shiba Inu ecosystem is poised to further expand its functionalities and strengthen its position in the blockchain landscape.

Recent Fundraising and Blockchain Development

To accelerate the launch of the layer-3 blockchain, the Shiba Inu team recently concluded a fundraising round by selling pre-launch TREAT tokens to venture capitalists, raising $12 million. This strategic move underscores the ecosystem's commitment to developing and implementing innovative solutions.

As the Shiba Inu ecosystem continues to evolve, the introduction of TREAT and the upcoming layer-3 blockchain represent significant milestones in its journey. The community can anticipate further announcements and updates as these developments materialize.