Cryptocurrency

Shiba Inu Team Explains How SHIB Users Can Earn TREAT Token

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.

Read Also: Shiba Inu Raises $12 Million to Fund New Token Underway

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

Read Also: Shiba Inu Team Shares Development Update of a Groundbreaking SHIB Project 

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.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

Trump’s Win Fuels Solana, Cybro, and Avalanche: Which Altcoin Will Lead the Pack by 2025? Here’s What You Need to Know

The cryptocurrency world is abuzz with the potential of three groundbreaking assets: Qubetics, Avalanche (AVAX),…

59 mins ago

BIG Accounts Are Saying It’s Time For XRP, But There Still 7 Weeks Away

Crypto analyst TheBlockBull recently shared a technical chart and analysis on X, suggesting an imminent…

3 hours ago

Ripple CEO Confirms Meeting With Donald Trump

Zach Rector, a crypto proponent on X, has generated buzz in the cryptocurrency community after…

5 hours ago

XRP Hits Golden Cross

In a notable technical advancement, XRP has achieved a golden cross on the 4-hour chart—a…

6 hours ago

Bitcoin (BTC), Dogecoin (DOGE), Rexas Finance (RXS): Top 3 Cryptos That Will Thrive Under a Trump Presidency

As the prospect of a Trump presidency looms, crypto enthusiasts are eyeing which digital assets…

6 hours ago

Shiba Inu (SHIB) Road to $100 Billion Market Cap

Oscar Ramos, a respected market commentator, has confidently predicted that Shiba Inu will reach a…

7 hours ago