Lead Shiba Inu (SHIB) developer Shytoshi Kusama is providing fresh details on a native altcoin that’s in the works for the Dogecoin (DOGE) rival.
Shiba Inu influencer LucieSHIB is posting responses from Shytoshi Kusama on the timeline for the launch of Treat (TREAT).
Kusama says the project is not part of the launch of the layer-2 scaling protocol Shibarium.
And given the intense interest in Shibarium’s launch, the coin is likely to debut after Shibarium is live.
“LucieSHIB:
“Q: Will TREAT launch with Shibarium [at the] same time?
Shytoshi Kusama:Â
No. Not at the same time. They are very separate. Shibarium will utilize the tokens in the ecosystem but is not the entity responsible for minting. Just a piece of tech and some guys who want the best for Shib.”Â
Kusama says the coin will have a limited supply, which is a departure from most projects in the world of memecoins.
TREAT’s exact use cases remain unknown, although the token will be used to reward SHIB ecosystem holders in one way or another.
Shibarium is the highly anticipated layer-2 network built on top of Ethereum (ETH), similar to Polygon (MATIC) and Optimism (OP).
With the update, SHIB’s lead developer is warning traders about buying tokens that label themselves as TREAT ahead of the official launch.
“DO NOT BUY ANY TREAT KNOCK OFF. It will be just copy cat with zero connection to Shiba Ecosystem.”Â
Kusama initially introduced Treat in July 2022 as an incoming addition to the Shiba Inu ecosystem.
At time of writing, SHIB is worth $0.000012, down over 2% in the past day.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/svekloid
