The Shiba Inu (SHIB) ecosystem continues to expand. According to the latest statement from the team behind Shiba Inu, a new token will be released. Here are the details…
SHIB team introduced new ecosystem token
The Shiba Inu Team has announced its fourth ecosystem coin. However, they said that they would not be in a hurry to develop this coin called TREAT. Shiba Inu plans to launch a brand new reward token, “TREAT”. This token will replace BONE as the ShibaSwap reward. Shiba Inu lead developer Shytoshi Kusama told the Shiba Inu Community that he has “a lot to say”. He posted a post on Medium for his latest revelations.
In the post, the layer-2 solution covered Shibarium, SHI stablecoin, Metaverse and much more. He talked about the progress details of all the projects in the Shiba Inu ecosystem. According to his post, Bone Shibaswap (BONE) will be exchanged for a TREAT token. Namely, it is intended to act as a ShibaSwap reward token.
As we have also announced as Kriptokoin.com, the maximum BONE supply is limited to 250 million. Recently the Community has proposed to stop issuing 230 million BONEs and reserve the remaining 20 million BONEs for validators inside Shibarium. He also mentioned that the brand new reward token will not only serve this purpose. At the same time, the metaverse will be used to help balance the Shiba Trading Card Game and SHI, he said.
TREAT is a big step towards decentralization
Shytoshi describes the development of the TREAT token as a “big step” towards decentralization. He assured the community that the TREAT token economy will not disappoint Shiba Inu holders. However, some TREAT will be reserved for the community that is loyal to the Shiba Inu ecosystem and strives to build trust in the project by preserving and growing the Shiba Inu ecosystem. Regarding the development of the TREAT token, SHIB’s lead developer said that the development team “does not want to rush another token.”
Developers wary of SHI
So the DAO specifically voted to stop ShibaSwap’s BONE rewards. Instead, he gave TREAT the slack for the ShibaSwap award. However, that’s not all that is stated in the update. As we reported as Kriptokoin.com, the developers were working on the SHI stablecoin. But everyone was shocked when the TerraUSD (UST) algorithmic stablecoin left the US dollar stable and wiped billions of dollars from the market. Therefore, the lead developer of Shiba Inu also noted that he is cautious about the development of the project’s stablecoin, known as SHI.
The Shiba Inu team announced that it will carefully develop the stablecoin to prevent a repeat of the collapse of the Terra ecosystem. However, with the hype surrounding these new cryptocurrencies, analysts of the Invezz platform are reporting that SHIB could reach a value of $0.00002 by the end of July 2022.
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