The anonymous leader of the Shiba Inu (SHIB), known by the alias Shytoshi Kusama, has announced that the project will issue a new reward token called TREAT. Additionally, the team will focus some of its efforts on the SHI stablecoin to prevent Terra from looking like the fate of UST.
TREAT and SHI enter the market
“Shib Army We Walk…” This is how Shytoshi Kusama started his latest announcement to users. The anonymous head of the project outlined the serious macroeconomic problems that society is currently having to overcome. He also talked about the shortcomings in various aspects of normal life.
Kusama said that in such adverse conditions, the most important thing is that individuals should protect their mental and mental health and protect their families and property. He noted that market downturns should also be viewed as a strategic period in which people can make tactical investments. According to the leader, “Gates, who bought a ton of farmland for the WEF Dutch while trying to reduce nitrogen on their farms” can be considered as an example.
Kusama also explained what changes the Shiba Inu is about to make amid the turbulence. The main goal of the project is to issue a reward token called TREAT. The token will help stabilize the stablecoin SHI. It will also get rewards for the Blockchain version of the Metaverse and Shiba Collectible Card Game. Kusama said:
This is a big step in the transition of this huge project to full decentralization.
In addition, a limited amount of TREAT will be distributed to loyal Shiba Inu members who are part of the project. Kusama also talked about Shiba Inu’s stablecoin, SHI. Recalling some failures with such products, the manager assured that the team behind SHI is run by independent developers whose task is to prevent a similar crisis. The primary purpose of stablecoin will be to work on both Ethereum and Shibarium.
Shiba Inu (SHIB) haters, what’s your point?
cryptocoin.comAs you follow, the Shiba Inu debuted in August 2020. It quickly managed to shine in the crypto scene. At some point in the last year, the price of the asset went over 100,000,000%. This has made it one of the best performing players in the market. Despite the enormous interest, many say the token lacks certain use cases. He also claims that his success was driven by sheer hype.
According to Kusama, some have even displayed a certain type of aggression towards the project, threatening members of the Shiba Inu’s team and their families. These developers are only working for the advancement of the meme coin. This is why Kusama says such an attitude is inappropriate:
What is your purpose? To damage the project? To hurt people who do nothing but try to make the Shiba Inu the best they can be?
He assumes that some attacks can be carried out in such a way that the price of SHIB could fall and create a buying opportunity. It is worth noting that the current USD value of the token has dropped over 80% since its peak last October. At the time, its market cap was over $40 billion, while at the time of writing it is around $6 billion.
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