Unveiling the pathways to acquiring the upcoming Shiba Inu governance token, TREAT. Marketing leader LUCIE provides a comprehensive guide on earning TREAT through staking, liquidity provision, gaming, and Metaverse exploration.
Stay tuned for more updates on this exciting new development in the Shiba Inu ecosystem.
Contents
Overview of the New "TREAT" Token and Its Utilities
LUCIE, Marketing Leader of Shibainu (Shiba Inu/SHIB), explained on April 22, 2024, how to earn TREAT, a reward token that will be issued in the future.
TREAT is a new reward token that is scheduled to be issued for the Sibaine project, and the announcement on April 22 also revealed that TREAT will be used as a "newly released Layer 3 blockchain utility and governance token".
According to LUCIE, TREAT will be earned in a variety of ways, including the following, emphasizing that TREAT is not a useless reward token, but a new L3 utility and governance token.
- Staking and Liquidity Providing Rewards in the Decentralized Exchange "ShibaSwap"
- Rewards in games utilizing the NFT collection "Shiboshi.
- Rewards from Exploring the Metaverse "Shib: The Metaverse"
Ways to Earn TREAT: From Staking to Gaming
Staking in ShibaSwap
Staking refers to holding a specific token to earn rewards, a mechanism also highlighted during the "Shibarium Overview Presentation."
It was noted that validators and delegators would receive a certain percentage of $BONE at each checkpoint, along with a portion of TREAT tokens, suggesting that TREAT could be earned through staking on Shibarium.
Providing Liquidity on ShibaSwap
Liquidity provision involves depositing a set of tokens that match the trading pairs offered on a decentralized exchange (DEX) for a period, an essential mechanism for supporting the DEX.
ShibaSwap’s service, known as "DIG," will likely facilitate earning TREAT through liquidity provision in the future.
Earning Through P2E Gaming
The mechanism to earn cryptocurrency rewards through gaming is known as Play-to-Earn (P2E). SHIB plans to release a P2E version of Shiba Eternity, where activities and quests involving Shiboshis will yield TREAT rewards.
Exploring the Metaverse
The Metaverse, an increasingly popular virtual space, is being developed by SHIB under the name "Shib: The Metaverse." LUCIE mentioned in March that TREAT would play a significant role in the vast plans for this highly realistic Metaverse, raising expectations for future announcements.
TREAT: A Comprehensive Reward Token in the SHIB Ecosystem
When announced, TREAT was introduced as a utility and governance token for the Layer 3 blockchain. It represents a comprehensive reward token within the SHIB ecosystem, with potential for increasing ways to earn it as the project progresses.
The new Layer 3, a privacy-focused blockchain built on Shibarium, is slated for a testnet release in Q3 2024, followed by rigorous testing before the mainnet launch, making it a subject to watch closely.
Please be aware that TREAT has not yet been released, so be cautious of fake or fraudulent tokens.
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