Shiba Inu has a string of releases up its sleeves which includes SHIB: The Metaverse, SHI stablecoin, ShibaNet, ShibaSwap 2.0, and Treat token. The Shibarium layer-2 network was the most anticipated development that was released last year in mid-August. The next in line could be the most-awaited Treat token that will brace the cryptocurrency market.
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The Shiba Inu team raised $12 million on Monday for a stake in its upcoming layer-3 blockchain. The stake will come in the form of the new Treat token. The VCs that provided the $12 million include Animoca Brands, Polygon Ventures, DWF Ventures, Spirit Dao, among others.
The Treat blockchain will also feature ‘Fully Homomorphic Encryption (FHE), which increases the privacy of the network’s transactions.
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“Through the involvement of these venture capital firms and their strategic partners, we are expanding not only our network of trusted partners, but also exponentially increasing what Shiba Inu can truly be capable of for our community,” said Shiba Inu’s pseudonymous lead developer Shytoshi Kusama.
When Will Shiba Inu’s Treat Token Release?
Shiba Inu’s Treat token is officially confirmed to be in the works with the latest $12 million in funding. Treat will be a utility and governance token in the layer-3 blockchain. It will also be the last non-stable token in the broader SHIB ecosystem. Therefore, the ecosystem will consist of tokens SHIB, Bone, Leash, and Treat. The SHI stablecoin, which is yet to be released will be pegged to the USD.
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So when will Shiba Inu’s Treat token be released and where to buy it? Well, the launch date for the Treat token remains a mystery as the team has not provided details about its release. The token is currently under work and might take time to hit the market. The team has not specified a tentative release date and could most probably take a year or two.