Shiba Inu's TREAT Gains Backing From Major Crypto Exchanges

Shytoshi Kusama recently took to X to announce key developments for the Shiba Inu coin community. He revealed that several cryptocurrency exchanges

Shiba Inu coin’s TREAT token has officially hit the ground running with listings on major crypto exchanges. Here’s what you need to know.

Shiba Inu coin is preparing for an exciting new chapter as its highly anticipated TREAT token makes its debut on several prominent cryptocurrency exchanges.

In an announcement on December 29, Shytoshi Kusama, the lead developer of Shiba Inu coin, revealed that Bitget, Gate.io, and KuCoin will be launching the TREAT token.

This marks a significant step in the rollout of the token, which is set to play a pivotal role in the Shiba Inu coin ecosystem.

As stated by KuCoin, the TREAT/USDT pair will be available for trading, with deposits opening immediately and trading commencing on January 14, 2025.

The trading schedule aligns with the official launch of TREAT. Users can deposit TREAT into their accounts on KuCoin, Gate.io, and Bitget via the Ethereum network.

Additionally, TREAT withdrawals will be available starting January 15. Each exchange will provide specific timeframes for smooth integration into the market.

Shiba Inu’s TREAT Gains Backing From Major Crypto Exchanges

Shiba Inu coin’s ecosystem is gearing up for a new lease on life with the introduction of its TREAT token.

This new token isn’t just another release in the lineup; it’s a carefully planned step aimed at unlocking innovative potential.

By offering access to advanced features, TREAT seeks to solidify the decentralized foundation of the Shiba Inu coin, pushing it beyond the confines of its “memecoin” reputation.

Central to TREAT’s purpose is its role in WOOF Wars, an upgraded yield farming initiative tailored to enhance user profitability.

Recently, Shytoshi Kusama emphasized in a podcast that the Trust token can potentially rebuild trust. This could reignite excitement within the ecosystem.

Moreover, TREAT’s impact doesn’t stop there. As the primary token powering Shiba Inu’s Layer-3 advancements, it will support the development of cutting-edge technologies like FHE.

Bitget’s Airdrop Details For TREAT

In celebration of TREAT’s upcoming listing, Bitget has announced a generous distribution plan for its users.

The exchange will be offering 87.45 million TREAT tokens, which will be airdropped to users who lock BGB or USDT into designated campaign pools.

Users must lock BGB or USDT into the campaign pools to qualify for a share of the TREAT tokens.

The campaign will run from January 14, 2025, 11:00 UTC, to January 17, 2025, 12:00 UTC.

During this period, users who lock BGB will be eligible to claim a portion of 79.5 million TREAT tokens.

In contrast, those staking USDT can claim from a pool of 7.95 million TREAT.

In a similar move, KuCoin has launched a farming program for TREAT, allowing its users to start farming tokens before the full release.

These initiatives from both exchanges are set to drive up activity and ensure significant trading volumes once TREAT hits the market.

Potential Impact Of Treat Token Buzz On Shiba Inu Price Rise

Shiba Inu coin is set to capitalize on the launch of TREAT, which will also unlock new features like SHIB Pay, an on-chain payment system.

This innovation aims to spark a new wave of crypto-based commerce and boost the overall utility of Shiba Inu coin, potentially driving up its value.

TREAT’s introduction could offer tangible real-world benefits by increasing user engagement and offering rewards, which could shift the token’s standing within the broader crypto ecosystem.

The potential impact of the TREAT token buzz on the price of Shiba Inu coin is a subject of keen interest among investors and traders.

As of the latest data, the Shiba Inu coin price stood at $0.00002193, reflecting a 1.67% increase in the past 24 hours.

The TREAT token’s buzz has also fueled some price momentum for SHIB. While there was a dip after the initial surge in early January, the recent SHIB news has provided support.

The SHIB price found a level at the 200-EMA band and showed signs of recovery. The ongoing recovery is closely watched, with the MACD and AO histogram reflecting increasing optimism.

Moreover, money inflow has risen, surpassing the zero line at 0.10. However, the RSI remains at 44.13, signaling a lack of significant momentum.

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.