Introducing Shiba Inu’s Latest Venture: TREAT Token Sale
Shiba Inu recently announced that it has successfully raised $12 million by selling its unreleased token, TREAT, to non-U.S. venture capital investors. The investors include some prominent names in the industry like Polygon Ventures, Mechanism Capital, and Animoca Brands.
- Shiba Inu’s fundraise details
- Started raising funds a few months ago
- Concluded the round earlier this month
- Valuations at $75 million, $100 million, and $200 million
- Combines pre-seed and seed rounds
The Utility of TREAT Token
The TREAT token has been designated as the “utility and governance token” for Shiba Inu’s new privacy-centric Layer 3 blockchain, which is under development on Shibarium, its Ethereum Layer 2 blockchain.
- Role of TREAT token
- Final non-stable token within Shiba Inu ecosystem
- Introduction of new token called Shi later this year
- Existing ecosystem tokens: SHIB, BONE, and LEASH
Shiba Inu’s Cutting-Edge Blockchain Technology
Shiba Inu is harnessing fully homomorphic encryption (FHE) technology from Zama to build its innovative Layer 3 blockchain. FHE is known for enabling end-to-end data encryption, even during processing, making it a game-changer in the world of cryptography.
- Key highlights of Shiba Inu’s new blockchain
- Addressing privacy and trust issues with FHE
- Compliance with regulatory standards
- Release of testnet in third quarter
Hot Take: The Future of Shiba Inu’s Venture
As Shiba Inu ventures into the realm of blockchain technology with its TREAT token and cutting-edge encryption, the future looks promising. With a strong investor base and a clear roadmap for development, Shiba Inu aims to revolutionize the crypto landscape with its innovative solutions.
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