Shiba Inu Warns of Scammers Ahead of TREAT Token Launch

Amidst the impending launch of TREAT, the Shiba Inu ecosystem has issued a warning against scammers exploiting investors with false information. Contrary to malicious claims, the TREAT token remains unreleased, with scammers spreading deceptive links and transaction steps. The ecosystem team urges the community to exercise caution, advising against any TREAT-related transactions until official confirmation is provided.

Shiba Inu Ecosystem Warns Against Scammers Exploiting Upcoming TREAT Token Launch

Amidst the highly anticipated launch of TREAT, the fourth ecosystem token from Shiba Inu, a surge of malicious actors has emerged, spreading false information and exploiting potential investors.

Shiba Inu's Cautious Approach

The Shiba Inu ecosystem team, exercising utmost prudence, has emphasized that the TREAT token is yet to be released to the public. This announcement comes in response to a flurry of misleading claims circulating within the Shiba Inu community.

Scammers' Modus Operandi

Following Shiba Inu's revelation that it secured $12 million from venture capitalists through the sale of an undisclosed amount of TREAT tokens, scammers have seized the opportunity to propagate deceitful information. They have disseminated malicious links and fabricated instructions purporting to facilitate the acquisition of the hoax TREAT token.

Official Disclaimer

Shibarmy Scam Alerts, a community-driven initiative dedicated to safeguarding Shiba Inu investors, has denounced these malicious claims. The account categorically states that the ecosystem team has not authorized the release of the TREAT token.

Investor Vigilance Urged

Shibarmy Scam Alerts urges investors to steer clear of any transactions related to TREAT until its official launch is confirmed through legitimate sources. The channel emphasizes the paramount importance of prioritizing financial security and protecting the interests of all investors.

Previous Misinformation Attempts

This is not the first instance of scammers attempting to deceive Shiba Inu investors using TREAT and its stablecoin counterpart, SHI. Last year, Shiba Inu's lead developer refuted a tweet falsely claiming their imminent launch. Shibarmy Scam Alert swiftly intervened, cautioning investors to exercise due diligence. The warnings led to a notable decline in the spread of these scams.

TREAT's Anticipated Role

Upon its official launch, TREAT is poised to play a pivotal role within the Shiba Inu ecosystem. It will serve as the governance and utility token for the upcoming L3 blockchain, providing investors with significant influence over the network's operations.

Earning TREAT through Staking

Shiba Inu enthusiasts will have the opportunity to earn TREAT by staking their SHIB tokens on designated liquidity pools. As of this writing, no official launch date has been announced. However, Shiba Inu's marketing lead, Lucie, has indicated that TREAT is expected to debut in 2024/2025.

Conclusion

The Shiba Inu ecosystem team urges investors to remain vigilant and exercise due caution in the face of malicious actors seeking to capitalize on the excitement surrounding TREAT's upcoming launch. By spreading awareness of these scams and adhering to official communications, investors can protect their financial interests and contribute to the safe and prosperous growth of the Shiba Inu ecosystem.