The hype over Shiba Inu’s layer 2 blockchain Shibarium has overshadowed another major development underway for competitor Dogecoin — the upcoming launch of two new ecosystem tokens.
Lead developer Shytoshi Kusama says that an addition to the Shiba Inu ecosystem is a reward-based token called Treat (TREAT).
The team decided to build Treat after the community voted to make Bone ShibaSwap (BONE) a core component of Shibarium.
“Recently, the community took a poll that reserved BONE allocation for producing validators and processes within Shibarium, leaving one question for the community: What will be available for rewards for everyone else? For that we have Treat.
Trading will not only serve this purpose, but also get rewards for the Metaverse and the blockchain version of the Shiba Collectible Card Game… This is a big step in the final landing of this huge project towards full decentralization.”
The second official altcoin of the ongoing Shiba Inu ecosystem is a stablecoin called Shi (SHI).
Kusama says the team is focused on avoiding issues that have plagued myriad stablecoins, including Terra Luna’s epic TerraUSD (UST) crash.
“Needless to say, Shi is a concern after seeing other stablecoins collapse and billions of dollars completely wiped out of the market…
As for Shi, we saw independent development by a group of developers on our decentralized network. They submitted a version of Shi that seems to avoid the problems found in other moonshots, while allowing Shi to be used to offset and balance payments that need to be made without market fluctuations.
This will be an experimental protocol, like everything decentralized that Shib does, and a more detailed and complex set of information will be released about this token as it is finalized.”
Both projects are slated for release this year, although exact dates have not been released.
The current list of official tokens in the Shiba Inu ecosystem are Shiba Inu (SHIB) itself, Bone ShibaSwap (BONE), which will be used to pay gas fees on the Shibarium scalable network, and LEASH (LEASH), a mystery token whose case of official use is turning and shrouded in secrecy.
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