New Shiba Inu (SHIB) Altcoins Quietly Prepare for Launch – Here Are the Under-the-Radar Crypto Projects Coming This Year
The hype over Shiba Inu’s layer-2 blockchain Shibarium has obscured another major development in the works for the Dogecoin competitor – the upcoming launch of two new ecosystem tokens.
Lead developer Shytoshi Kusama says an incoming addition to Shiba Inu’s ecosystem is a reward-based token called Treat (TREAT).
The team decided to build Treat after the community voted to make Bone ShibaSwap (BONE) a core component of Shibarium.
“Recently, the community held a vote reserving the award of BONE for the production of validators and processes in Shibarium, leaving a question for the community: What will be available for rewards for everyone else? For this, we have Treat.
Treat will not only serve this purpose, but will derive rewards for the Metaverse, and the blockchain version of the Shiba Collectible Card Game… This is a big step in the final landing of this massive project to full decentralization.”
The other official Shiba Inu ecosystem altcoin in the works is a stablecoin called Shi (SHI).
Kusama says the team is focused on avoiding problems that have plagued countless stablecoins, including the epic failure of Terra Luna’s TerraUSD (UST).
“Needless to say, Shi is a concern after seeing other stable tokens collapse and billions of dollars being wiped off the market completely…
So in the case of Shi, we’ve seen independent development from a group of developers in our decentralized network. They have submitted a version of Shi that appears to avoid the problems found in other moonshots, while allowing Shi to be used to offset and balance payments that need to be made without market fluctuations.
This will be an experimental protocol, as anything decentralized like Shib does, and a more detailed and complex set of information will be released about this token as it is finalized.”
Both projects are set for launch this year, although exact dates have not been announced.
The current list of official tokens in the Shiba Inu ecosystem are Shiba Inu itself (SHIB), Bone ShibaSwap (BONE), which will be used to pay for gas fees on the scalable Shibarium network, and LEASH (LEASH), a mysterious token whose official use cases are in flux and shrouded in secrecy.
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