Introduction
Shiba Inu (SHIB), the development team behind the popular meme coin, announced on June 22nd that it has successfully raised $12 million through the pre-sale of its upcoming TREAT token. The team plans to introduce a privacy-centric Layer 3 blockchain in Q3 2024, marking a significant expansion of its ecosystem.
Current SHIB Market Price
$0.000027 ≈ ¥0.00020 (24-hour change: +1.5%)
What Is the TREAT Token?
Shiba Inu is leveraging fully homomorphic encryption technology from cybersecurity firm Zama to develop this new Layer 3 chain atop Shibarium (its existing Layer 2 solution). Key features:
- Privacy-focused architecture: Designed to address growing concerns about data security in decentralized ecosystems
- Dual-purpose token: Will serve as both utility token and governance mechanism for the Layer 3 network
- Final non-stable token: TREAT completes Shiba Inu's core token lineup, though developers hint at a future "Shi" token launch
👉 Discover how Layer 3 solutions are revolutionizing blockchain
Important Note: TREAT isn't yet publicly available. Investors should beware of scam tokens impersonating the official TREAT.
Shiba Inu Ecosystem Progress Report
While demonstrating consistent innovation, adoption challenges persist:
Shibarium (Launched Aug 2023)
- Ethereum Layer 2 solution
- Uses BONE for gas fees
- Focuses on metaverse/GameFi integration
ShibaSwap DEX (2021)
- Includes LEASH token
- Struggles to move beyond meme coin perception
New Layer 3 Chain
- Aims to enhance privacy compliance
- Testnet scheduled for Q3 2024
Frequently Asked Questions
Q: When will TREAT tokens be available to the public?
A: No official date yet announced. Follow Shiba Inu's official channels for updates.
Q: How does Layer 3 differ from Shibarium's Layer 2?
A: Layer 3 provides enhanced privacy features through advanced encryption while maintaining Layer 2's scalability benefits.
Q: Where can I safely trade SHIB tokens?
A: Major exchanges like Binance and OKX offer SHIB trading pairs.
👉 Compare top crypto exchanges for SHIB trading
Key Takeaways
- $12M raised via TREAT token pre-sale
- Privacy-focused Layer 3 testnet coming Q3 2024
- TREAT to serve as final core non-stable token
- Ecosystem continues expanding despite adoption challenges
All developments subject to official announcements from Shiba Inu developers.