NAIROBI (CoinChapter.com)— The Shiba Inu team has confirmed that its long-awaited governance token, TREAT, will officially launch on Jan. 14, 2025. This announcement clarifies delays and addresses confusion caused by misinformation and counterfeit tokens circulating within the community.
Kusama Debunks Claims of Stealth TREAT Launch
Pseudonymous Shiba Inu lead Shytoshi Kusama has denied claims that TREAT has already launched. In response to allegations from a user named CryptoMumms, Kusama stated that the ecosystem team has not released the governance token. The false claims suggested TREAT debuted stealthily on Jan. 14, 2023, misleading community members and fueling confusion.
TREAT Set for Jan. 14 Launch, Two Years After Stealth Debut. Source: CryptoMummsThe fake TREAT token trades on ShibaSwap under the wallet address “0xFBD…146B.” DEXTools data indicates it has a market capitalization of $3.11 million and trades at $0.001549. Despite the Shiba Inu team’s repeated warnings, the misinformation persists, spreading uncertainty among investors.
Kusama addressed the issue with a warning to the Shiba Inu community, urging them not to engage with the counterfeit token. In a post shared on X, Kusama used a humorous video to illustrate the futility of believing the fake narrative, comparing it to a goat repeatedly running into flames.
TREAT’s Role in Shiba Inu’s Decentralized Future
The real TREAT token, set for release in mid-January, will play a central role in Shiba Inu’s efforts to become fully decentralized. The token will enable governance, rewards, and real-world applications for the community. Kusama emphasized that TREAT is critical to the ecosystem’s future and plans to outline its functions in an upcoming podcast.
Shytoshi Kusama Teases $TREAT Launch with ‘Soon’ Hint. Source: XTREAT will also power WOOF Wars: Farming 2.0, a yield farming initiative designed to enhance community engagement and decentralization. Token holders can lock their TREAT as veTREAT (vote-escrowed TREAT) to participate in governance, while liquidity providers earn additional rewards.
Additionally, TREAT will integrate with SHIB Pay, enabling seamless blockchain-verified payments within the ecosystem without relying on traditional processors.
SHIB Price Stays Resilient Amid Developments
SHIB has shown resilience amid the buzz surrounding TREAT’s launch. The token is trading at $0.00002381, down less than 1% in the past 24 hours. It surged 16% last week following renewed optimism within the ecosystem.
Shiba Inu Price chart. Source: CoinMarketCapWith the TREAT launch approaching, Shiba Inu aims to solidify its place as a decentralized ecosystem, dismissing misinformation and empowering its community through governance and utility.
The post Shiba Inu Exposes Fake TREAT Token Ahead of Official Launch appeared first on Coinchapter.
