Shiba Inu's TREAT token: an unstable coin with a better chance to survive.
SHI with its special algorithm has a better chance to survive, as it is linked to TREAT. SHI's token is called TREAT and intended, by the authors of Shiba Inu project, to be an unstable coin.
Shiba Inu’s anonymous leader, who goes by the pseudonym Shytoshi Kusama, said that the project will introduce a new token called TREAT. The team will also focus on its SHI stablecoin to prevent it from suffering the fate of Terra's UST.
The following table shows the number of new cases in 2018, by country.
"Shib Army We March On..." This is how Shytoshi Kusama titled his latest announcement to users. In it, the anonymous head of the project described the severe macroeconomic problems and "shortages in various aspects of normal life" that society has to deal with at present.
In difficult economic times, Kusama's advice is that people should keep their wits about them and take care of their family and assets. They should also be aware that market downturns provide opportunities for tactical investment.
“Gates buying a TON of farmland while the WEF pushes to lower nitrogen in farms for the Dutch” could be considered examples, according to the leader.
In the midst of the turmoil, Kusama also explained what Shiba Inu is about to introduce. The project's main target is to release a reward token called TREAT. It will help balance the stablecoin SHI and derive rewards for Metaverse and blockchain version of Shiba Collectible Card Game.
“This is a huge step in the final landing of this massive project to full decentralization,” Kusama highlighted.
Shiba Inu members who have been with the project since its beginning will be rewarded with a limited amount of TREATs.
Kusama also talked about SHI - Shiba Inu's stablecoin. She reminded that there were problems with such products (including Terra's UST) and assured the audience that the developers behind SHI had been hired as independent ones, whose task is to prevent a similar failure.
The main aim of the stablecoin is to operate on both Ethereum and Shibaium (a blockchain proposal by Ryoshi - the inventor of Shiba Inu).
SHIB Haters, What Are You Trying to Achieve?
In August 2020, the self-proclaimed "Dogecoin killer" quickly emerged on the crypto scene. At one point last year, the asset's price was over 100,000,000%, making it one of the market's top performers. Despite a lot of interest in it, many claimed that the token has no particular use-cases and its success has been driven by hype alone.
Kusama says that some people have even been aggressive toward the project, threatening members of Shiba Inu's team and their families. He thinks this is wrong since those developers only worked for the advancement of the memecoin:
“What is your goal? Is it to harm the project? To harm people who have done nothing but try to make Shib the best it can be?”
Some people might have tried to drive down the price of SHIB's token in order to create an opportunity to buy it at a lower price. It is worth noting that the token's current USD value has fallen by over 80% since its peak last October. At that time, its market capitalization was over $40 billion, while at the moment of writing these lines, it is around $6 billion.