Shiba Inu has been a fan favorite for some time now. Many are already familiar with the trifecta of tokens, namely SHIB, BONE, and LEASH. However, in the Woofpaper, there was mention of a fourth token: TREAT. At the time, it was said that more details and tokenomics would be available after the launch of ShibaSwap. After months of waiting, we finally have an update on the token.
What is Shiba Inu’s TREAT token?
Shiba Inu’s Shytoshi Kusama has finally published his latest Medium paper. In the article, Kusama has addressed the TREAT token. After last month’s vote on allocating 20 million BONE for Shibarium validators, many questioned what would be available for rewards.
As the name suggests, TREAT is a reward token for holders. Not only that but TREAT also derives rewards in the SHIB metaverse and Shiba Inu Collectible Card Game. Additionally, TREAT will also help provide balance to the Shi stablecoin.
Moreover, a limited number of TREAT tokens will be reserved for the most loyal Shiba Inu members. These are the people who helped build confidence to grow the ecosystem.
The launch of TREAT will be a big step in making the Shiba Inu ecosystem more decentralized.
What took so long?
In the Woofpaper, there is a section called Ruffmap. This contains the Shiba Inu roadmap. TREAT was first mentioned in this section. However, there was no update regarding this new token for many months. According to Kusama, the team did not want to rush another token into the ecosystem.
“Its use case must be well defined and outlined.”
Apart from the TREAT token, Kusama also mentions the Shi stablecoin. The Shi stablecoin will launch in 2022. It is going to enable countering and balancing payments without market fluctuations.
The SHIB Army is eagerly waiting for the launch of both assets. Moreover, users are also waiting on the launch of Shibarium, the date for which is not yet clear.
At press time, Shiba Inu (SHIB) was trading at $0.00001037, down by 3.8% in the last 24 hours.