The Shiba Inu community is eagerly awaiting updates to the SHIB ecosystem scheduled for the current year. Meanwhile the project’s lead developer Shytoshi Kusama is coming out to announce more great news.
Shibarium target number one
In his new post, Shytoshi Kusama primarily addresses the market’s highly anticipated Shibarium. The tier two solution in question and eagerly awaited by the market is scheduled for the third quarter of 2022.
SHIB’s lead developer confirmed that everything is on track to fit within the set period. Nevertheless, the team is careful not to bring the date of the start of public beta testing any closer. As he stresses:
“Shibarium is a key component in this incredible war we are in, as it will allow us to move assets onto the chain with small BONE (gas) fees entitling us to do microtransactions.”
The essence of SHI
While the collapse of Terra UST caused a real stir around stablecoin, Shiba Inu’s team has been unrelenting in its efforts, working to launch its coin with similar characteristics. In doing so it has demonstrated a very sensible approach. It intends to introduce the SHI protocol to the general public, which would be a solution to the problems found in other projects. Stablecoin SHI is expected to be involved in balancing payments, even when the market experiences high price fluctuations. The exact date of its release has not been disclosed, but according to preliminary plans, it will fall within the current year. As Shytoshi emphasizes:
“This will be an experimental protocol, like everything decentralized that Shib does, and a more detailed and complex set of information will be released about this token when it is finalized.”
It’s time for a novelty – meet TREAT!
As Shytoshi reveals, both he and a group of developers have been quietly working on a new reward token called TREAT. While Shiba Inu and its derivative coins are in full use on the web, there was a need to launch a currency that would allow for receiving and storing rewards. Thus, the idea of TREAT was born. It is to be a token with limited supply. Moreover, it will not be used exclusively in Shibarium but will also be linked to Metaverse and the Shiba card game. Its purpose is also to support the SHI balance.
While the card game’s release is fast approaching, Shytoshi indicated that there have been delays in terms of Metaverse’s development. However, he reassures by pointing out that despite the heavy influence of bears on the market, the Shiba Inu ecosystem still has much to offer.