Shibarium dev Warns. Developer DaVinci, a member of the Shibarium team, warned the community on June 2 of malicious activities on the network that resulted in. The distribution of a bogus TREAT token. DaVinci issued a warning to speculators, investors, and the Shibarium. The community states that the token, which bears the name of a real token that the Shibarium team is still working on. Developing, has not yet been formally launched. DaVinci stated unequivocally that any TREAT listings had nothing to do with Shibarium’s official development.
The creator of Shibarium revealed that to give their fictitious token some authority, the bad actors also utilized the official Shib.io address in their internet postings. The TREAT token now has a warning on CoinGecko: “This token is not affiliated with Shiba Inu or their upcoming privacy-focused Layer 3 blockchain.” Please do so before trading the token.
Actual TREAT Token and the Wider Shibarium Ecosystem
The Shibarium ecosystem comprises five tokens, including the yet-to-be-launched TREAT token and Shiba Inu. While it will also be used to balance the SHI stablecoin, which is. Currently in development, TREAT is primarily intended to be used as a reward token: the Shiba. Lands metaverse and the Shiba Eternity card game.
When the privacy layer goes online, Shibarium users will enjoy even greater on-chain anonymity thanks to the TREAT token’s additional power. Shibarium dev Warns: The original currency of Shibarium is called SHIB, but BONE is the token of choice for utility applications such as. Network gas fee payment and platform governance for ShibaSwap, a decentralized exchange similar to Uniswap and a. Vital component of the Shibarium ecosystem.
At its current trading price of $442, LEASH gives holders preference in land purchases and onboarding for Shibarium’s planned metaverse. The high price of LEASH is partly due to its limits. Availability in comparison to other tokens in the ecosystem, such as SHIB. Which have circulating values in the trillions.
Comparatively speaking, SHIB has 999,982,356,876,276 tokens, of which little more than half are in circulation and are currently worthless. There is a maximum supply of just 107,647 tokens for LEASH, practically all of which are in use now.
