Shiba

Token

Kusama

Shiba Inu

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, pointing out that Crypto.com had mistakenly provided incorrect information about the TREAT token to its users. 
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcGCWMsFMcsm1GYrCHl7z-f0GXs3W5XdTQsE7gvW_DU-fcAZKyuN0Pl6mkSxXqteZe2RhKhnELoDRTCuhLcU9hdG6ZfcuXmZhlOTkTYdxe8gp5EL-G0v5OxFtDF7Bp_SiSQIwA-F_QrXUHi7rMY-x8obWEM?key=qzdEW19BrfjfAPowWSudgA" width="440" height="408">
Source: X
This post quickly gained attention in the crypto community, clarifying the confusion surrounding the TREAT token and ensuring a safer trading environment for users.
<h3 id="span-span-data-font-font-size-style-font-size-16px-crypto-com-s-blunder-insights-span-span">Crypto.com’s Blunder Insights&nbsp;</h3>
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.
Additionally, Kusama warned, “Be cautious with this other Treat token (and many other scams that may arise).” TREAT is intended to be the utility and governance token for Shiba Inu’s upcoming privacy-focused Layer 3 <a href="https://www.coingabbar.com/en/crypto-blogs-details/zklink-uses-zk-rollups-for-seamless-blockchain-bridging" title="blockchain" class="f-link" rel="noopener noreferrer nofollow">blockchain</a>.&nbsp;
<h4>More About TREAT Token</h4>
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.&nbsp;
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.&nbsp;
<h4>Shiba Inu’s Current Performance</h4>
At press time, SHIB price 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.&nbsp;
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd5iaOIW0RFj7xI6ELAU8FYtZtHnCRZJEbEWGZtRvVXYbnW2RqWvsKubtTFg7YlgHoVsULYiHvPtiC4bvk3Pqua9_3r_3K6oUCz9KLzUYrQ_qJ5l4PwIxXLfwwxRxgIhyH4USc49TWaJGkAwLNmif3jd9M?key=qzdEW19BrfjfAPowWSudgA" width="602" height="335">
Source: CoinMarketCap
In the past 7 days, the token recorded a downtrend performance, declined by 0.70%.&nbsp; The launch of TREAT Token is anticipated to boost SHIB's value and presence in the crypto market.&nbsp;&nbsp;
<h4>Conclusion&nbsp;</h4>
Shiba Inu's lead developer, Shytoshi Kusama, has clarified the misinformation regarding the TREAT token, ensuring a safer trading environment. The TREAT token, designed to support the SHI <a href="https://www.coingabbar.com/en/crypto-blogs-details/ban-on-stablecoins-by-finance-ministry" title="Stablecoin" class="f-link" rel="noopener noreferrer nofollow">Stablecoin</a> and replace BONE as the reward token for ShibSwap, is expected to enhance the Shiba Inu ecosystem. Despite a recent downtrend in SHIB's performance, the launch of TREAT is anticipated to boost its value and market presence.
Also Read:&nbsp;<a href="https://www.coingabbar.com/en/crypto-currency-news/win-rewards-through-memefi-daily-combo-code-for-22-july-2024" title="MemeFi Daily Combo For 22 July 2024 To Earn Great Rewards" class="f-link" rel="noopener noreferrer nofollow">MemeFi Daily Combo For 22 July 2024 To Earn Great Rewards</a>&nbsp;

Shytoshi Kusama Unveiled Shiba Inu's TREAT Token Insights

Tabla de contenidos

Coingabbar

Otros artículos publicados el 22 jul 2024

Meme Coin Highlights: MOONHOP pre-sale delivers 4900% return, strong MOG Coin forecasts and Brett...

XRP Poised for 41,400% Price Spike Targeting $150 ATH, the Altcoin Approaches Next Trend Target o...

FCCPC fines Meta $220m over alleged data violations on Facebook and WhatsApp

Biden Out, Altcoins In: Crypto Market Reacts – Time to Buy?

BNB Foundation Announces the Successful Transaction of the 28th Token Burn! How Much BNB Was Burn...

Pepe Price Prediction: PEPE Soars 28% In A Week, But Investors Are Flocking To This Layer-2 Deriv...

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!