Despite fears surrounding stablecoins after the USTC episode, Shiba Inu developers have announced the launch of a stable cryptocurrency called “SHI” and a reward token, the “TREAT”.
Shiba Inu returned to the front of the stage. This time it’s not a crazy stock market boost but the announcement of a project that should strengthen the ecosystem. In fact, the main developer of the project, Shytoshi Kusama made an announcement in which he discussed the progress of the project.
From the beginning, he recalled that the Shiba Inu ecosystem was able to launch the decentralized exchange (DEX), the Shiba Swap despite the bear market context in the month of June.
“A year ago today we launched Shibaswap after months of FUD […]. LOL! We proved the fudders completely wrong, we promoted our token to the top 15 of ALL tokens in less than a year. ”
After touching on Shibarium, this layer 2 project, Kusama revealed Shiba Inu’s stablecoin called “SHI”. However, it was later discovered the damage had recently been caused by other stablecoins in the cryptosphere. He thus said:
“Needless to say, Shi is a concern after seeing other stablecoins crash and billions of dollars completely disappear from the market.”
He clarified that market volatility will not affect the price of SHI. Kusama added:
“We’ve seen independent growth from a group of developers in our decentralized network. They’ve submitted a version of SHI that seems to avoid the issues seen by other moonshots?”
The creator of Shiba also tells us on the note that if all goes as planned, the SHI project should see the light of day this year.
TREAT: Another reward token for the SHIB Army
Kusama also announced the launch of a new project. It’s actually the issuance of a new token of reward. If BONE serves as a “reward token” for validators within Shibarium, TREAT is the reward token in the Shiba Inu ecosystem.
More broadly, the developer explains to us that TREAT has other functions:
“The treatment will not only serve this purpose, but will also provide rewards for the metaverse and the blockchain version of the Shiba trading card game, as well as contribute to Shi’s balance!”
Kusama reports that he will give TREATs to everyone who always supports them even when times are tough. As he said:
“Finally, we reserve a limited amount of Treat for our most loyal members of the race who have stayed with us for many months, helping us build trust to protect and grow the ecosystem with patience, energy. and support.. “
During the month of February, Shiba Inu developers announced the upcoming construction of a metaverse project. However, to date, Shibverse has not established itself at the crypto level. Kusama apologized to the SHIB Army and also assured that the team will do everything in their power to launch the best metaverse project in the cryptocurrency universe.
“Our team is still dedicated to making the best MV on the planet and that has not changed and will not change.”
The ecosystem also happens to be working on another big digital project, Shiba Card Game. Kusama told us that this digital card game will take the form of a collectible.
Finally, we conclude this report with a look at the Shiba Inu course. We noticed that like other cryptocurrencies, the price of Shiba has seen a nice increase over the past two days. At the time of writing this article, the price of the same token has risen by 5.42%.
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