Shiba Inu specialist Lucie, who specializes in marketing, recently provided an in-depth explanation of the benefits that the upcoming TREAT Token will bring to the SHIB ecosystem. This comes after some supporters raised questions and had misconceptions following the announcement of a $12 million funding round dedicated to the development of the token.
Lucie highlighted the crucial role that TREAT will play within the SHIB ecosystem. Its main function will be as the ecosystem’s reward token. When it becomes operational, users who engage in activities such as staking or participating in liquidity pools with their SHIB holdings will be rewarded with TREAT tokens.
This approach, as highlighted by The Crypto Basic, is a way to incentivize active participation within the ecosystem and promote its growth and sustainability. Lucie also emphasized that TREAT offers more than just a passive benefit, unlike conventional reward tokens. It serves a dual purpose as both a governance and gas token within the upcoming Layer 3 blockchain.
Lucie explained that TREAT’s extensive functionality grants users voting rights and facilitates transactions, which adds tangible value to the ecosystem beyond mere incentives. Additionally, TREAT and SHIB are designed to complement each other seamlessly. Through activities like staking, users not only contribute to the ecosystem’s development but also gain access to governance opportunities and rewards provided by TREAT.
In comparison to other tokens within the ecosystem, Lucie highlighted the significance of TREAT. While Bone ShibaSwap powers the ecosystem’s layer-2 network Shibarium, TREAT is poised to serve a similar function for the upcoming layer-2 chain.
The overarching goal of Shiba Inu, as noted by Lucie, is to elevate all tokens within the ecosystem equally. This inclusive approach ensures that no token is left behind, with each token offering a unique combination of governance and utility. From SHIB to BONE to LEASH, and soon TREAT, every token plays a vital role in shaping the future of the ecosystem.
However, it’s important to note that as of now, the Shiba Inu ecosystem only has three existing tokens: SHIB, BONE, and LEASH. The team has yet to launch TREAT, which will be the final volatile token in the ecosystem. After TREAT, the team plans to introduce SHI, a stablecoin.
Disclaimer: This article provides informational content and should not be considered as financial advice. The views expressed in this article may include the author’s personal opinions and do not necessarily reflect the opinion of The Crypto Basic. It is recommended that readers conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses that may occur.