Lucie, the ecosystem’s marketing specialist, shared the news in a post on X. This development follows the token’s listing announcements by leading cryptocurrency exchanges, including KuCoin, Gate.io, and Bitget.

Deposit and Trading Information

These exchanges have already enabled token deposits before the launch scheduled for January 14, 2025, at 11:00 AM (UTC). The early deposit window aims to facilitate a smooth trading experience when the token goes live.

Eligibility and Steps to Claim the Airdrop

Participants must have a verified account on one of the participating exchanges—KuCoin, Gate.io, or Bitget. Existing and new users are eligible, with new accounts needing to be registered before January 14.

After creating or verifying an account, users must visit the official Shiba Inu airdrop platform to submit their exchange user ID and TREAT deposit address. Once these details are successfully submitted, accounts will be whitelisted for token distribution.

Lucie emphasized the importance of caution during the process, warning users against engaging with unofficial links to prevent scams.

The airdrop began on January 10, 2025, and will conclude on January 14 at 00:00 (UTC). However, due to regulatory restrictions, residents of the United States are not permitted to participate.

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Special Incentives for Bitget Users

Shytoshi Kusama announced an exclusive incentive for Bitget users during the airdrop period. Participants who deposit TREAT on Bitget will be eligible for additional rewards ranging from $5 to $100 worth of the token. The total reward pool for this initiative is capped at $200,000 worth of TREAT and will be distributed on a first-come, first-served basis.

This promotion is separate from Bitget’s earlier reward program, which allocated 87.45 million TREAT tokens for users who lock their BGB and USDT tokens between January 14 and January 17, 2025.

These combined initiatives highlight the ecosystem’s effort to boost TREAT adoption through strategic promotions and community engagement. Eligible participants are encouraged to act quickly and responsibly to secure their share of distributed tokens.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The official launch of TREAT is scheduled for January 14, but misinformation about its release has been spreading, prompting Kusama to issue a warning to the community.

TREAT Launch and False Claims

The TREAT token, an important addition to the Shiba Inu ecosystem, is set to bring enhanced decentralization and utility. According to official statements, the token will debut on January 14, 2025. Despite this, misleading information has surfaced, alleging that TREAT has been available for nearly two years.

On Sunday, a user known as CryptoMumms promoted what they claimed to be the “real” TREAT token, asserting that it had been stealth-launched on January 14, 2023.

In blockchain terms, a stealth launch occurs when a token is released without prior marketing or public announcement. This misinformation coincides with the ecosystem’s official announcement of the upcoming launch date, sparking confusion among community members.

Shytoshi Kusama Responds to Misinformation  

In response, Kusama directly addressed the false claims. He made it clear that the token had not been launched. The developer dismissed CryptoMumms’ assertions and warned the community to remain cautious.

The fake token being marketed as TREAT is reportedly trading on ShibaSwap with the wallet contract address “0xFBD…146B.” Data from DEXTools shows the counterfeit token priced at $0.001549 with a market capitalization of $3.11 million.

Kusama emphasized that these claims are baseless and urged Shiba Inu supporters to avoid engaging with or investing in the fraudulent token. The team continues to monitor the situation and has reiterated the official launch date for TREAT.

Importance of TREAT in the Shiba Inu Ecosystem

The token is expected to play a key role in the Shiba Inu ecosystem, offering governance functionality, rewards, and practical utility. Its introduction is anticipated to strengthen the project’s decentralization efforts and provide additional benefits to the community.

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The excitement around the TREAT launch has contributed to positive momentum for SHIB, the ecosystem’s native token. Last week, SHIB saw a 12% increase, recovering from a minor dip in late December. As of now, SHIB is trading at $0.00002403, reflecting a slight growth of 0.04% in the last 24 hours.

Community Advisory

As the launch date approaches, Kusama and the team continue to urge caution within the community. Investors and supporters are advised to rely on official channels for updates and avoid any token claiming to be TREAT before its confirmed release. The team remains committed to protecting the ecosystem and ensuring transparency around the token’s rollout.

The official debut of the token is expected to mark a significant milestone for the Shiba Inu ecosystem, further solidifying its position in the cryptocurrency space.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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In a tweet that led to significant discussions within the Shiba Inu community, Shytoshi Kusama, the anonymous lead developer behind Shiba Inu, responded to The Shib, a Shiba Inu-focused information platform, shedding light on the expanding use cases for TREAT and its role in the ecosystem.

The conversation began when The Shib highlighted Shytoshi’s announcement of TREAT’s application in powering fully homomorphic encryption (FHE) as part of a longevity research partnership with Ogai, a project focusing on technology advancements and human health. The platform posed a thought-provoking question: “Is $SHIB evolving beyond its meme coin roots?”

In his reply, Shytoshi Kusama not only affirmed the relevance of TREAT in FHE but also hinted at its broader potential. He stated:

“Of course it is! And $OGAI using FHE is just ONE use case of FHE. But $TREAT actually has many more uses outside just FHE, and we have many more pieces of tech too. Shall we discuss this?”

Of course it is! And $OGAI using FHE is just ONE use case of FHE. But $TREAT actually has many more uses outside just FHE and we have many more pieces of tech too. Shall we discuss this? #36chambers $Treat #SHIBARMY #ENDGAME https://t.co/mVcRqs6ff5

— Shytoshi Kusama (@ShytoshiKusama) December 17, 2024

This response showcases Shiba Inu’s intention to integrate deeper into technological innovations, expanding its ecosystem beyond its initial identity as a cryptocurrency inspired by memes.

Fully Homomorphic Encryption (FHE) and Its Implications

FHE is a cryptographic breakthrough that enables computations to be performed on encrypted data without the need to decrypt it first, preserving data privacy throughout the process.

Shytoshi’s revelation that TREAT is involved in this domain demonstrates Shiba Inu’s commitment to addressing real-world problems with blockchain-based solutions.

The integration of FHE within longevity research could have profound implications for secure data sharing in sensitive fields such as medical research, healthcare, and beyond.

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Community Engagement and Vision

The Shiba Inu community quickly rallied around Shytoshi’s statement, with one X user, Catzen, proposing a novel application of FHE in the healthcare sector.

Catzen suggested that FHE-powered decentralized systems could revolutionize patient care by securing sensitive medical records while eliminating the barriers of centralized, profit-driven healthcare systems.

This vision includes allowing individuals to control and potentially monetize their health data in collaboration with medical research, fitness tracking, and other industries.

This idea aligns closely with Shiba Inu’s broader mission of decentralization and empowerment, reinforcing the narrative that SHIB and its associated tokens like TREAT are evolving to meet pressing societal needs.

Expanding Beyond a Meme Coin

The recent discussion marks another milestone in Shiba Inu’s journey to establish itself as a robust technological ecosystem. With initiatives such as Shibarium, its Layer 2 blockchain, and now partnerships exploring FHE and longevity research, Shiba Inu is steadily redefining its identity.

The inclusion of TREAT as a versatile utility token further demonstrates the team’s strategic planning for an interconnected and impactful ecosystem.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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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

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.

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TREAT Token Fuels Development of Layer-3 Blockchain

The TREAT token, yet to be officially launched, will serve a dual purpose within the Shiba Inu ecosystem. It will function as a utility and governance token for a new Layer-3 blockchain network built upon the Ethereum Layer-2 network, Shibarium. This network prioritizes user privacy and aims to address concerns within the cryptocurrency space.

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

Shiba Inu’s lead developer, Shytoshi Kusama, clarified that TREAT represents the final non-stable token planned for the Shiba Inu ecosystem. The project intends to introduce a new token named “Shi” later in 2024.

Currently, the ecosystem features established tokens like SHIB, the widely recognized meme coin; BONE, the governance token for Shibarium; and LEASH, a fixed-supply token offering benefits like BONE rewards for dedicated Shiba Inu users.

Investor Participation and Transparency

The $12 million funding round saw participation from various venture capital firms, including Polygon Ventures, Mechanism Capital, and Animoca Brands. Additionally, some controversy arose regarding the geographic location of certain investors. While Kusama initially stated none were US-based, further information revealed some participants might be headquartered in the US.

Kusama elaborated on the funding timeline, indicating the round began a few months prior and concluded in early April. He refrained from commenting on the valuation details. However, an anonymous source familiar with the situation suggested this was the first of multiple funding rounds, with valuations progressively increasing from $75 million to $200 million.

Combating Fraudulent Activity and Leveraging Cutting-Edge Technology

The Shiba Inu team has condemned fraudulent activity surrounding the unreleased TREAT token. Platforms like CoinGecko and CoinMarketCap have displayed trading volume for TREAT tokens, despite their inauthenticity. Kusama emphasized that the legitimate TREAT token will be launched by Shiba Inu Mint S.A., a Panamanian company.

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Read Also: Shiba Inu Team Sends Warning Message to the SHIB Army

Apart from the TREAT token and its associated blockchain, the Shiba Inu ecosystem is actively developing a novel Layer-3 blockchain network utilizing fully homomorphic encryption (FHE) technology.

This technology, often referred to as the “holy grail” of cryptography, allows for end-to-end data encryption even during processing. This advancement holds significant potential for enhancing user privacy and security within the Shiba Inu ecosystem.

In a statement, the Shiba Inu team emphasized the project’s commitment to addressing privacy and security concerns for its existing community and future crypto enthusiasts. The $12 million funding round and ongoing development efforts with FHE highlight the Shiba Inu ecosystem’s dedication to innovation and building a future within the cryptocurrency space.

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Shiba Inu (SHIB) lead developer, Shytoshi Kusama, announced the new projects in a recent blog post.

According to Kusama, in addition to the expected Stablecoin SHI, the Shiba Inu ecosystem will soon welcome a new collectible card game designed for its future metaverse.

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In the blog post, the SHIB lead developer said the need for the Stablecoin SHIB became more compelling after the Terra blockchain fiasco, which resulted in the depegging of TerraUSD (UST).

He said SHI would be able to avoid the problems found in other assets alike, due to the fact that it’s being independently developed by a group of Shiba Inu developers.

Read Also: Did You Know that Shiba Inu Burned Coins Value Have Exceeded the Market Cap of MATIC?

In the blog post, Kusama explained:

“Needless to say Shi is a concern after watching other stable tokens collapse and billions in dollars get wiped off the market completely. *Poof* WOOF! So as for Shi, we’ve seen independent development from a group of developers in our decentralized network.

“They’ve submitted a version of Shi that seems to avoid the issues found in other moonshots, while allowing Shi to be used to counter and balance payments that need to be done without market fluctuations.

“This will be an experimental protocol, like everything decentralized that Shib does, and a more detailed and complex set of information will be released about this token as it is finalized. Bearing no insane issues, this should be released in 2022.”

Read Also: Top 3 Major Projects Planned For the Shiba Inu Ecosystem in 2022: Details

TREAT for the Shiba Inu Community

According to Shytoshi Kusama, TREAT, a new reward token designed for the Shiba Inu community, will be applied to all the projects in the ecosystem.

The digital asset will play a vital role in the card game development, Shiba Collectible Card Game, and in providing stability for SHI.

Although there is no specific date yet, Kusama said if everything goes as planned, the stablecoin SHI would be launched later this year.

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