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Cryptocurrency News Video
Altcoin Today | Shiba Inu: Here’s How the Upcoming TREAT Token Benefits the SHIB Ecosystem
Apr 24, 2024 at 06:36 am Altcoin Today
Shiba Inu: Here’s How the Upcoming TREAT Token Benefits the SHIB Ecosystem
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Shiba Inu marketing specialist Lucie recently explained how the upcoming TREAT Token benefits the SHIB ecosystem amid queries and misconceptions.
Click link https://bit.ly/4b89ml4 to read the original text on thecryptobasic.com
( Guides, Crypto News, Exchanges, Trading Bots, Crypto Trading Guide.)
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Shiba Inu is gearing up for a significant expansion with the introduction of its latest addition, the TREAT token. Lucie’s disclosure came on the back of comments from some proponents following the announcement of a $12 million funding round dedicated to its development.
Benefits of TREAT to the Shiba Inu Ecosystem
She shed light on the pivotal role TREAT will play within the SHIB ecosystem. At its core is the function as the ecosystem reward token. Once operational, users engaging in activities such as staking or participating in liquidity pools with their SHIB holdings will be rewarded with TREAT tokens.
The Crypto Basic recently called attention to this, emphasizing how Shiba Inu community members could earn TREAT. This approach incentivizes active participation within the ecosystem and fosters its growth and sustainability.
Lucie further noted that, unlike conventional reward tokens, TREAT offers more than just a passive benefit. According to the marketing strategist, TREAT serves a dual purpose as both a governance and gas token within the upcoming Layer 3 blockchain.
Notably, she stressed that this extensive functionality grants users voting rights and facilitates transactions, adding tangible value to the ecosystem beyond mere incentives.
Moreover, TREAT and SHIB are designed to complement each other seamlessly. Through activities like staking, users not only contribute to the ecosystem’s development but also gain access to governance opportunities and rewards provided by TREAT.
Lucie further elaborated on the significance of TREAT in comparison to other tokens within the ecosystem. While Bone ShibaSwap (BONE) powers the ecosystem’s layer-2 network Shibarium, TREAT is poised to serve a similar function for the upcoming layer-2 chain.
Shiba Inu’s Extensive Goal
The goal, as noted by Lucie in a subsequent post, is to elevate all tokens within the Shiba Inu ecosystem equally. This inclusive approach will ensure that no token is left behind, with each token offering a unique combination of governance and utility. From SHIB to BONE to LEASH, and now TREAT, every token plays a vital role in shaping the future of the ecosystem.
However, it is important to note that the Shiba Inu ecosystem only boasts three existing tokens as of press time: SHIB, BONE and LEASH. The ecosystem team has not yet launched TREAT, which would represent the last volatile token in the ecosystem. After TREAT, the team will introduce SHI, a stablecoin.
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Disclaimer, The information provided on this video does not constitute investment advice,
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you should not treat any of the video's content as such.
Please, consult your financial advisor before making any investment decisions.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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