Shytoshi Kusama SHIB Lead Teases the Launch of the TREAT Token

Shytoshi Kusama SHIB Lead Teases the Launch of the TREAT Token

• SHIB leader Shytoshi Kusama hinted at a possible TREAT token launch in a recent X post.
• As ShibSwap's reward token, TREAT will take the role of BONE and improve SHIB's liquidity.
• The recent 55% increase in Shiba Inu (SHIB) is indicative of robust market momentum.
• With $3.36 billion in 24-hour trading volume, SHIB exhibits strong investor trust.

SHIB

The TREAT token, a significant addition to the SHIB ecosystem, has been launched, according to Shiba Inu leader Shytoshi Kusama. Treat, which was first conceived by Ryoshi, the founder of SHIB, is intended to supply liquidity for SHIB, the ecosystem's stablecoin, and take the role of BONE as ShibSwap's reward token.

Karma and Reputation built into the foundational elements of Shib's ecosystem and advanced features powered by Treat will solve this once and for all. https://t.co/j0xhHGMSxB

— Shytoshi Kusama™ (@ShytoshiKusama) November 23, 2024

Using Kusama's vision TREAT Token will strengthen the ecosystem

The SHIB community was excited when developer Shytoshi Kusama, who is spearheading the Shiba Inu ecosystem, alluded to the TREAT token's impending introduction. With Kusama highlighting its part in furthering Shiba Inu's objective to enhance trust, governance, and utility in decentralized finance (DeFi) on November 23, the statement characterized Treat as a revolutionary addition to the ecosystem.

Kusama emphasized the significance of responsibility in relation to a recently publicized instance in which live streamer Jack Doherty defrauded his followers with a fake meme coin. He disclosed that the "Karma and Reputation" systems that would be a part of Shiba Inu's ecosystem would be powered by TREAT. By rewarding constructive contributions and preventing scams, these systems seek to create a trustworthy environment, which may help to resolve trust difficulties in the cryptocurrency field.

The community is excitedly awaiting the token's arrival, even though it has not yet launched. Treat is anticipated to take the place of BONE as ShibSwap's reward token once it goes live. Additionally, it will promote governance in the Shiba Inu ecosystem and supply liquidity for SHI.

Shiba Inus Soar Amid Rising Market Hope

According to analysts, Shiba Inu (SHIB) may double in value and exhibit a similar development trend as Dogecoin. SHIB is gaining popularity due to the growing interest in meme coins and may replicate Dogecoin's success. Additionally, the market was encouraged by the significant increase in the SHIB burn rate that was reported today.

Currently, SHIB price trades at $0.0000273, up by 10% in the last 24 hours. Over the previous week, the coin has increased by 55%, indicating robust market momentum. $0.00002437 is its 24-hour low, while $0.00002794 is its 24-hour high. SHIB has strong investor trust by maintaining a market capitalization of $16 billion and a 24-hour trading volume of $3.36 billion.