The venture behind the Shiba Inu SHIB/USD meme cryptocurrency has added a brand new token named “TREAT” to its ecosystem.
What Occurred: TREAT, a brand new reward token, was introduced by Shiba Inu lead developer Shytoshi Kusama in a July 6 update.
“Sure, you’re studying it appropriately. TREAT will launch as a part of our ecosystem growth,” mentioned the developer in a weblog publish.
The SHIB group just lately passed a proposal to cap minting BONE BONE/USD at 230 million tokens, reserving it as a reward for its group of validators.
Based on Shytoshi, TREAT will function the reward token for everybody else within the SHIB group.
“Deal with won’t solely serve this goal, however will derive rewards for the Metaverse, and the blockchain model of the Shiba Collectible Card Sport, in addition to for serving to to offer steadiness to Shi [an upcoming SHIB ecosystem stablecoin]” mentioned Shytoshi.
Presently, the Shiba Inu ecosystem has three tokens – the SHIB, BONE, and LEASH LEASH/USD.
TREAT might have been within the works since SHIB’s creation, given it was first talked about within the venture’s authentic “woofpaper.”
“TREAT is one other very particular token, however the detailed Tokenomics can be revealed after the discharge of ShibaSwap with an replace to this doc,” wrote Shiba Inu builders on the time.
Feedback made by Shytoshi within the SHIB group’s official Discord channel in October instructed that plans for the token might have been dropped completely.
“TREATS will not be actual. Don’t suppose this token can be made. We’re specializing in the Trifecta [SHIB, BONE, LEASH],” he had mentioned then.
Because the ecosystem continues to increase, it seems that the builders have now determined to go ahead with the authentic plan of a four-token SHIB ecosystem.
Value Motion: At press time, SHIB was buying and selling at $0.00001035, 4.21% decrease over 24 hours, as per knowledge from Benzinga Pro.