Shiba Inu to Launch TREAT Token in 2025

According to Foresight News, Shiba Inu has announced plans to launch its ecosystem token, TREAT, in January 2025. The TREAT token will serve as a utility and governance token for its new privacy-focused Layer 3 blockchain, which is being developed on the Ethereum Layer 2 blockchain, Shibarium.Previously, in April 2024, the Shiba Inu team raised $12 million for the development of this privacy-centric Layer 3 blockchain. The funds were secured through the sale of the yet-to-be-issued TREAT tokens to non-U.S. venture capital investors.