Shiba Inu’s lead developer, Shytoshi Kusama, addresses an error made by Crypto.com regarding the TREAT token. This article provides insights into the token’s role within the Shiba Inu ecosystem and its potential impact on SHIB’s value.
Points
- Shytoshi Kusama corrects Crypto.com’s error on TREAT token.
- TREAT token’s role in Shiba Inu ecosystem.
- Potential impact on SHIB’s value.
- TREAT’s functions include liquidity for SHI Stablecoin and rewards for ShibSwap.
Shiba Inu’s lead developer, Shytoshi Kusama, recently addressed an error made by Crypto.com regarding the TREAT token, part of the Shiba Inu ecosystem. On July 21, Kusama posted on X （formerly Twitter）, pointing out that Crypto.com had mistakenly provided incorrect information about the TREAT token to its users.
Crypto.com’s Blunder Insights
Kusama stated, “Unfortunately, Crypto.com mentioned our TREAT token, which has not yet been launched, incorrectly assuming it was available.” This comment referred to a previous article on Crypto.com that misled users with an incorrect link to a Treat site. The link was unrelated to the Shiba Inu ecosystem. Kusama highlighted that the SHIB community had already taken steps to correct the issue by contacting the exchange.
More About TREAT Token
TREAT is a newly introduced token within the Shiba Inu Ecosystem, designed to fulfill several roles. One of its primary functions is to supply liquidity to the SHI Stablecoin. Furthermore, it will take over from the BONE token as the reward token for ShibSwap. The token will also provide rewards for the Metaverse and the blockchain version of the Shiba Collectible Card Game. As per the official site, the TREAT token has a circulating supply of 3,333,333,333, and the supply is managed by continuously burning 0.25 every 60 minutes until the supply reaches zero. Buying it on ShibaSwap and taking part in a rewards program in the ecosystem will help in collecting the tokens.
Shiba Inu’s Current Performance
At press time, SHIB was trading at $0.00001783, after an intraday surge of 0.07% with $10.51 billion in market cap and $436.13 million in 24-hour volume.
At press time, SHIB was trading at $0.00001783, after an intraday surge of 0.07% with $10.51 billion in market cap and $436.13 million in 24-hour volume. In the past 7 days, the token recorded a downtrend performance, declining by 0.70%. The launch of the TREAT Token is anticipated to boost SHIB’s value and presence in the crypto market.
Conclusion
Shytoshi Kusama’s clarification on the TREAT token highlights the importance of accurate information in the crypto ecosystem. The TREAT token’s multifaceted role within the Shiba Inu ecosystem could significantly impact SHIB’s value, especially with its functions in liquidity provision and reward mechanisms. As the crypto community anticipates the official launch of the TREAT token, SHIB holders remain optimistic about its potential to enhance the token’s market presence and value.
解説
- TREAT Token Role: The TREAT token is set to play a crucial role in the Shiba Inu ecosystem, providing liquidity to the SHI Stablecoin and serving as a reward token for ShibSwap.
- Market Impact: Accurate information about new tokens is vital for maintaining market stability and investor confidence.
- Shiba Inu’s Performance: The introduction of the TREAT token could positively impact SHIB’s market performance, particularly if it fulfills its intended roles effectively.
- Community Response: The proactive steps taken by the SHIB community to correct misinformation demonstrate the importance of community vigilance in the crypto space.