- SHI Stablecoin to launch in 2022, giving new credibility to the meme coin ecosystem.
- TREAT token will reward the SHIB community and complement BONE, which is reserved for validators
- Lead Shiba Inu developer Shytoshi Kusama trying to realize founder Ryoshi’s vision
- SHIB price at $0.00001136, up by 5% in the last 24 hours
Shiba Inu is a miracle story that keeps churning out new chapters for the SHIBArmy. Launched fairly recently in Aug 2020, SHIB has captured people’s imagination by showing unprecedented and unparalleled growth in the crypto world. Despite Shiba Inu founder Ryoshi walking out of the project, the development team of Shiba Inu, headed by Shytoshi Kusama, is working hard to realize the vision of its founder. After teasing the SHIB community with his tweet, ‘Today I Write. Tomorrow I will have a LOT to say#Shibarmy’; Shytoshi has delivered on his promise. Shiba Inu would soon bring two more tokens into its ecosystem – TREAT and SHI.
SHI Stablecoin and TREAT Reward Token: Welcome Addition to ShibaSwap
According to Shytoshi Kusama, the SHI and TREAT tokens would list on the de facto exchange of the Shiba Inu ecosystem ShibaSwap in 2022.
SHI Stablecoin: A Stable Coin in the Truest Sense of the Word
SHI is a stablecoin. And, don’t worry, it is entirely different from Terra Luna, which collapsed recently, sending shockwaves in the crypto community. Developers have designed SHI in such a way that market volatility won’t impact its price. Kusama explained that SHI stays away from all the issues that plagued the Terra (LUNA) project. If everything goes as expected, SHI will be released before we see the end of 2022.
TREAT Token: Rewards for Everyone in the Shiba Inu Ecosystem
Shiba Inu will now have two reward tokens in its ecosystem: BONE and TREAT. While BONE will maintain its position as the governance token, and you will get BONE for being a validator in Shibarium, TREAT will be a token for every community member. If you don’t know, Shibarium is the much-anticipated layer-2 SHIB protocol that will move SHIB away from the Ethereum blockchain, leading to a higher transaction rate. TREAT will be in limited supply and will be given to Shiba Inu faithful who have stood alongside the token during its most testing phases.
TREAT will be used for:
- Deriving rewards for the metaverse and the blockchain version of the Shiba collectible card game
- To provide balance to the SHI
According to Shytoshi Kusama, SHI and TREAT tokens will hold a special place in the Shiba Inu ecosystem and enhance its decentralization. It is worth noting that decentralization is essential for a highly supportive and committed Shiba Inu community that stands by the promises of its developers.
Up and Coming Plans for the SHIB Community
Apart from the SHI stablecoin and TREAT reward token, there are many other pressing matters addressed by Shytoshi in his latest comments. Shibarium release is on the horizon, and the Shiba Inu developers are trying to build the metaverse never seen before in the history of crypto.
Shytoshi Kusama also provided clues about a new card game created by Shiba Games and Playside. However, he mentioned that the game’s release date is not finalized and will be released soon.
Both SHI stablecoin and TREAT reward tokens can play a crucial role in driving Shiba Inu to its previous heights. We all know that the Shiba Inu community, the SHIBArmy, is the most faithful group of crypto enthusiasts who love to get behind their favorite meme coin when chips are down. The TREAT reward token will be crucial in motivating these ardent supporters who have already burned billions of tokens in the hope that their favorite crypto will make its way back to its perch. At the time of writing, the Shiba Inu coin is trading at a price of $0.0000114. It has slightly increased by 5% in the last 24 hours.