The Shiba Inu ecosystem now introduces TREAT, its new reward token, with trading set to begin across three major cryptocurrency exchanges.
This marks a significant milestone for the ecosystem, further diversifying its offerings.
Confirmation of Launch on Social Media
In a tweet earlier today, the official Shiba Inu ecosystem account confirmed the launch of TREAT.
The team encouraged users to acquire TREAT through its initial centralized exchange partners, emphasizing the importance of secure transactions.
They urged traders to exercise caution, warning against potential scams that may attempt to sell counterfeit TREAT tokens through dubious links.
Trading Begins: Key Details
Trading for TREAT kicked off at 11:00 a.m. (UTC) today on prominent exchanges including Bitget, KuCoin, and Gate.io.
These platforms announced the listing of TREAT last week, sparking excitement among the community.
Following the announcement, users were able to start depositing their tokens immediately.
To celebrate the launch, the Shiba Inu ecosystem team also organized a promotional airdrop, distributing TREAT tokens for free to users of the listed exchanges.
Participants were required to submit their account IDs and deposit addresses to qualify for the airdrop.
Airdrop Success and Initial Trading Performance
Notably, the airdrop took place one hour before TREAT officially went live.
Each eligible participant received a minimum of 1,250 TREAT tokens, valued at $12.50 based on the initial listing price of $0.01.
Following its launch, TREAT experienced a notable price surge, peaking at $0.035 on KuCoin and reaching $0.15 on Bitget.
As of the latest reports, TREAT is trading at approximately $0.021 on both exchanges, with a total supply capped at 10 billion tokens and a daily trading volume of around $15.7 million.
Future Prospects for TREAT Holders
In light of TREAT’s launch, members of the Shiba Inu ecosystem team have taken to social media to share their reactions.
Shytoshi Kusama, the pseudonymous leader of the ecosystem, reflected on the challenges faced during the launch while expressing optimism about the future.
He stated that TREAT’s release marks the beginning of an exciting journey, one that includes educating the community about the transformative potential of the Shiba Inu ecosystem.
Furthermore, Kusama hinted at forthcoming rewards for TREAT holders, generating anticipation among investors.
Lucie, the marketing lead for Shiba Inu, echoed this sentiment, suggesting that “many surprises are on the way.”
She indicated that the launch of TREAT will be a gradual process, allowing the team to strategically unveil the token’s potential over time rather than overwhelming the community with all information at once.
The launch of TREAT signifies a new chapter for the Shiba Inu ecosystem, with trading now live and exciting opportunities on the horizon for holders.
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