Shiba Inu’s Secret Weapon: Why TREAT Carries A Critical Role

by

On Mondays, the Shiba Inu team revealed exciting news about a $12 million investment in TREAT from major venture capital firms, with Cypher Capital leading the round. This financial injection will support the progress of a cutting-edge blockchain project based on Fully Homomorphic Encryption (FHE) technology using TREAT – the last token in the Shiba Inu ecosystem that hasn’t stabilized yet.

Lucie, marketing head at Shiba Inu, shared the roadmap for TREAT in a sequence of updates on X (previously Twitter). These updates are significant as the community gears up for the launch of its layer-3 blockchain, predicted to start with a trial phase around Q3 this year. The mainnet rollout will ensue, subject to the successful conclusion of stringent testing and verification processes.

Why TREAT Matters For Shiba Inu

The diverse uses of TRET in the Shiba Inu world, as expressed by Lucie, become clear. To begin with, this token functions as a reward for the ecosystem. Upon its release, individuals who stake or contribute to liquidity pools using their SHIB tokens will receive TRET as compensation. This incentive scheme aims to cultivate an energetic and committed community, recognizing and compensating members for their involvement and commitment to the network.

In addition, TREAT serves two essential functions as a governance token and a gas token on the upcoming Layer 3 blockchain. This combination is significant because it transforms TREAT from a simple utility token into one that plays a pivotal role in managing the blockchain’s operations.

Users can utilize TREAT to carry out transactions and engage with numerous decentralized apps (dApps) that operate on the Layer 3 infrastructure. Moreover, having TREAT tokens empowers users to cast votes, allowing them to join in shaping the future direction of the ecosystem through decision-making procedures.

Lucie went on to clarify that the collaboration between TREAT and SHIB is vital for improving the Shiba Inu platform as a whole. These two tokens are engineered to complement each other: SHIB serves as the main currency for transactions, while TREAT boosts these deals by offering extra incentives and administrative controls. The harmonious interaction of these tokens aims to increase the value and functionality of the ecosystem, fostering a self-sustaining growth process that advantages all parties involved.

Lucie went into great depth about Shibarium’s social media, explaining the importance of upgrading from Layer 2 to a more complex Layer 3 solution. The primary goal is to boost privacy by employing sophisticated encryption methods to conceal transaction information, thereby protecting user identities and confidential data. This new layer ensures fast transactions at low costs, allowing the blockchain to keep its top performance without compromising user privacy or security.

To ensure regulatory compliance, the Layer 3 enhancement includes an option for making certain transactions transparent. This means that these transactions can be accessed and reviewed when it’s legally required. This functionality is essential for organizations seeking to maintain both transparency in their operations and confidentiality.

In simpler terms, introducing Layer 3 is like adding an adjustable privacy shield to the blockchain structure, according to Lucie. She describes it as a “invisibility cloak” that protects quick transactions while maintaining the foundation’s effectiveness and enabling flexible upgrades.

In simple terms, the introduction of TREAT and building a Layer 3 blockchain for Shiba Inu is expected to bring major improvements to its ecosystem. These advancements aim to draw in more people, boost transaction numbers, and strengthen Shiba Inu’s presence within the crypto market.

At press time, SHIB traded at $0.00002628.

Shiba Inu’s Secret Weapon: Why TREAT Carries A Critical Role

Read More

2024-04-23 19:11