The Shiba Inu ecosystem is gearing up for the launch of its highly anticipated TREAT token, a key component of its upcoming layer-3 blockchain. To encourage participation and community engagement, the team has revealed multiple avenues for SHIB Army members to earn TREAT.
TREAT: More Than Just a Token, a Functional Asset
Lucie, a content specialist for Shiba Inu, recently explained the significance of TREAT in a social media post. She emphasized that TREAT embodies the original vision laid out by Ryoshi, the pseudonymous founder of Shiba Inu. Unlike many tokens, TREAT offers practical utility within the Shiba Inu ecosystem, presenting SHIB enthusiasts with exciting earning opportunities.
One more time 🙂🫵🏻
All the information was previously published, but we're unveiling more details now.
Let me remind you that @treatsforShib stems from the original Ryoshi vision.
Why should you be excited?
Because by engaging with it, you'll earn more than just any token –… pic.twitter.com/ESmUMG135o
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) April 22, 2024
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Multiple Ways to Earn TREAT
The Shiba Inu team has outlined several methods for acquiring TREAT. One primary avenue involves staking on ShibaSwap, the ecosystem’s decentralized exchange. Additionally, users can earn TREAT by exploring SHIB: The Metaverse, a virtual world project under development, or by engaging with the Shiboshi NFTs, a collection of non-fungible tokens within the Shiba Inu universe.
TREAT’s Diverse Functions
TREAT serves various purposes beyond being a reward token. It will play a crucial role in maintaining liquidity for the upcoming SHI stablecoin, a cryptocurrency pegged to the value of a fiat currency like the US dollar.
Furthermore, TREAT has the potential to replace BONE as the primary reward token on ShibaSwap in the future. Notably, TREAT will also facilitate the blockchain integration of Shiba Eternity, the Shiba Inu-themed collectible card game.
TREAT as a Governance Token and Ecosystem Expansion
The core functionality of TREAT lies in its role as the governance token for Shiba Inu’s upcoming layer-3 blockchain, designed with a focus on privacy. The Shiba Inu team recently secured $12 million through a pre-launch sale of TREAT tokens to venture capitalists. These funds will be used to expedite the development and launch of the layer-3 blockchain.
The introduction of the layer-3 solution using TREAT does not negate the importance of BONE, the current governance token utilized on Shibarium, the Shiba Inu’s layer-2 solution
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Lucie clarified that both tokens will co-exist and serve distinct purposes within the ecosystem. BONE will continue to function on the layer-2 network, while TREAT will govern the new layer-3 blockchain, fostering a more robust and multifaceted Shiba Inu ecosystem.
By providing multiple avenues for TREAT acquisition and outlining its diverse functionalities, the team is encouraging active participation from the SHIB Army and creating a more interconnected and rewarding ecosystem for all users.
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