Shiba Inu will launch its ecosystem token TREAT in January 2025

PANews reported on January 3 that Shiba Inu Inc. has officially announced that it will launch its ecosystem token TREAT in January 2025. The announcement was first released through Treat’s official X account on January 2, Shiba Inu’s chief developer Shytoshi Kusama further confirmed the news. Details about TREAT are now available on the Shiba Inu website, which outlines the token’s key role in the Shiba Inu ecosystem. TREAT is designed to unlock advanced features of the network state operating system as an access token that integrates rewards, governance, security, and payouts into a cohesive framework designed to foster a vibrant and engaged community.

This follows news last April that the Shiba Inu team raised $12 million by selling unissued TREAT tokens to non-U.S. venture capital investors to develop its new privacy-focused Layer 3 blockchain. According to Shiba Inu, the TREAT token is a “utility and governance token” for its new privacy-focused Layer 3 blockchain, which is built on Shibarium, the Ethereum Layer 2 blockchain.