Did you hear about the latest developments coming to the Meme coin Shiba Inu? News said its coming with its own Stablecoin and Reward token.
Shi
Apparently, this will be its own Stablecoin. That was one of Coindesk news I've come across yesterday and investigating it further, it appeared to be true basing it from one of its lead developer's Medium blog post, Shib Army We March On...
Shi is said to be getting developed by a group of independent developers in Shib's decentralized network. It was mentioned on the post that they will be releasing more detailed information about the token as it gets finalized. The Stablecoin is set to be released in 2022 if there will be no "insane issues" as Shyto Shikusama puts it on his post.
TREAT
This apparently, is another token on Shiba Inu's ecosystem which will be coming out as its Reward Token.
Source
There is no clear information on how the reward system will be or will work but I'm quoting the developer on his post as follows:
"Recently, the community did a vote that reserved the allocation of BONE for the production of validators and processes within 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, as well as for helping to provide balance to Shi! This is a huge step in the final landing of this massive project to full decentralization."
The dev went on to say that this reward token will "benefit their current SHIB ecosystem holders greatly" and claimed further that "the tokenomics will not disappoint."
Source
It would be interesting to see how this would play when it gets released. Hopefully, they didn't just put these out to play down any FUD regarding the project.
Another teaser on the blog post was the Shiba Card Game which I deduced to be included on its Metaverse project.
Source
The news seems to have been received that the price has done quite well in the last 24 hours.
Source
It appears that Shiba Inu will be having several tokens on its ecosystem - SHIB, BONE, LEASH, SHI and TREAT.
The meme coin seems to be working towards more serious developments, but it remains to be seen how all these teasers will work out. WOOF!
Image/s and or screenshots were from Medium and Shiba Inu Logo from free source SeekLogo & Shib's website, edited on pc. No copyright infringement intended. 080722/10:50ph*