What is Treat ($TREAT) Token? New Token in the Shiba Inu Ecosystem!

Bittime - Shiba Inu has launched a new token called Treat ($TREAT) in its ecosystem. 

So, what is Treat ($TREAT) and what are the functions of the TREAT token in the Shiba Inu ecosystem? Read this article to find out more!  

What is Treat ($TREAT) Token?

What is Treat token ($TREAT)? The TREAT token is a new token in the Shiba Inu ecosystem that has various functions, from utility to governance. 

With the $TREAT token, you can access advanced features such as an on-chain payment system called SHIB Pay, as well as utilize blockchain technology for transactions and virtual space exploration. 

Functions of TREAT Token 

Here are some functions of the Treat token ($TREAT) that you need to know.

1. Access Exclusive Features

The function of TREAT token is accessing various advanced and exclusive features in the Shiba Inu ecosystem, one of which is SHIB Pay. 

With SHIB Pay, you can make direct payments without going through intermediaries so that transactions are more transparent, safe and efficient. 

Read Also: Tokenomics Treat (TREAT), a New Token in the Shiba Inu Ecosystem

2. Reward Program 

Token $TREAT also works in reward program through WOOF Wars: Farming 2.0. In this reward program, you can maximize your income by utilizing veTREAT (vote escrowed TREAT). 

This reward program will also influence the allocation of liquidity prizes through voting.

Read Also: How to Claim Free TREAT Airdrop from Shiba Inu

3. Governance Token

The next functions of $TREAT token is a governance token. With this token, you have a voice in decision making in the Shiba Inu ecosystem, such as determining liquidity allocation to strategic investments. 

That is an explanation of what the Treat token ($TREAT) is and the function of the TREAT token. Although it offers a lot of potential, TREAT is not available in the United States which may limit its global appeal.  

Read Also: Shiba Inu Price Today, How Much Is 1 SHIB Coin Rupiah?

Shiba Inu FAQs

What is Shiba Inu?

Shiba Inu is a crypto asset that was originally known as a meme coin with the iconic Shiba Inu dog mascot, but has now grown into a project with a broad ecosystem, including DeFi, token burning, and a Layer 2 solution called Shibarium.  

How Does Shiba Inu Token Burn Work?

Shiba Inu token burn is carried out by permanently removing a portion of the supply of SHIB tokens to reduce the number in circulation, so that the token becomes scarce and is expected to increase the value of the token.

What's that Shibarium and the Benefits for Shiba Inu?

Shibarium is a Layer 2 Shiba Inu solution designed to increase transaction speed, reduce gas fees, and support blockchain-based application development.

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Reference

One Safe, Shiba Inu's TREAT Token: The Next Step for Crypto's Favorite Dog, accessed January 15, 2024.

TREAT Token, TREAT Token Official Website, accessed January 15, 2024.

Author: IPR