The Shiba Inu ecosystem team is urging caution as scammers spread false information about the upcoming launch of TREAT, the fourth ecosystem token. Last week, Shiba Inu lead developer Shytoshi Kusama revealed that the team had raised $12 million through the sale of undisclosed TREAT tokens to venture capitalists. However, scammers quickly took advantage of the situation by falsely claiming that the token had been released to the public. They have been circulating malicious links and providing instructions on how to purchase the nonexistent TREAT token. In response, Shibarmy Scam Alerts clarified that the TREAT token has not been officially released and advised investors to wait for legitimate sources to confirm its launch. The community-driven channel also emphasized the importance of financial security and urged enthusiasts to spread awareness about TREAT. Similar false claims were made in the past about TREAT and SHI, Shiba Inu’s stablecoin, but these were debunked by the ecosystem team. Despite the scam attempts, TREAT is expected to have significant roles in the Shiba Inu ecosystem, serving as the governance and utility token for the upcoming L3 blockchain. Enthusiasts will also be able to earn TREAT by staking their SHIB tokens on designated liquidity pools. No official launch date has been announced yet, but it is expected to happen in 2024/2025. It is important for readers to conduct thorough research and make informed investment decisions, as this article does not constitute financial advice. The views expressed are the author’s personal opinions and do not reflect those of The Crypto Basic. The Crypto Basic is not liable for any financial losses incurred.
