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Shiba developers have announced they will be launching a new Shiba reward coin TREAT on the network. The announcement also mentioned the launch of a Shiba stablecoin known as SHI that is in development too.
Announcing the launch on medium, Shytoshi stated that TREAT has been “quietly in design” and will have wide application across the Shiba Inu ecosystem, including the project’s metaverse project and the upcoming Shiba Collectible Card Game, described as “the best collectible card game on the planet.”
What is shiba reward coin TREAT?
Although there is not much information available so far on the coin, the recent release stipulates that TREAT will function as a reward coin. The reward will happen on the “Metaverse and the blockchain version of the Shiba Collectible Card Game”.
Another role of TREAT will be to balance the new stablecoin SHI. Remember a stablecoin has to be less of the huge price volatility in the cryptocurrency market. Otherwise, it will lose its position as a stablecoin such as in the recent occurrence with Terra LUNA.
Other than getting the coin as a reward, TREAT coins will also be distributed to Shiba investors. This includes investors who have been loyal to the coin despite the recent challenges in the market.
The expected release date for the TREAT coin is towards the end of 2022 although there is no confirmation on the actual date.
This development is key in giving the coin more market confidence that could make investors bullish on its future price movements. It is also good to note that there are Shiba developments ongoing. Some of these include the Shibarium layer 2 blockchain network.
Shiba remains among the most innovative coins in the market. Within its short time in the market, it has managed to launch a wide number of products in the market such as metaverse solutions and the NFTs.