TREAT Token: The Driving Force Behind Shiba Inu’s Future Growth
Shiba Inu has been making headlines lately with its latest developments, including the upcoming launch of the TREAT token. TREAT is a Layer-3 token that is aimed at improving scalability on the Shibarium network, supporting high-volume transactions and complex applications. It is expected to function as the governance and utility token for the new L3, much like BONE does for Shibarium.
🚨 @treatsforShib, aka $TREAT from https://t.co/qFr258naCo, has NOT been released yet.
I've noticed some confused journalists posting that it was released in 2023.
NO, IT WASN'T.
ALWAYS VERIFY ON THE MAIN WEBSITE OR DISCORD.
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) May 3, 2024
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The TREAT token has not yet been officially released, despite some reports claiming that it will launch in 2023. In fact, SHIB executives have clarified that the token is still in development. The Shiba Inu development team recently raised $12 million through the utility and governance token TREAT to fund the development of the privacy-focused L3 blockchain and other initiatives.
Shiba Inu’s collaboration with Zama will result in a towering Layer-3 blockchain that will be accompanied by an FHE (Fully Homomorphic Encryption) based Layer-3 blockchain. This move is expected to empower high-volume transactions, support complex applications, and improve scalability on the Shibarium network.
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The success of the Drill hard fork and the Heimdall hard fork has generated interest from the wider crypto community. The introduction of the TREAT token and the progress of the L3 blockchain signify significant milestones in Shiba Inu’s ongoing journey. These advancements highlight the continuous evolution and innovation within the Shiba Inu ecosystem, presenting diverse avenues for cryptocurrency investors and users alike.
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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
