Shiba Inu’s lead developer Shytoshi Kusama debunks fake TREAT claims

The Shiba Inu ecosystem has officially announced the long-awaited release of its governance token TREAT. The token’s delay, which at first was attributed to the fundraising, such as the $12 million venture capital round in April 2024 for the Layer-3 privacy blockchain, created some confusion. However, the Shiba Inu team has recently announced that the token will not be launched to the public before January 14.

Despite the official confirmation, misinformation has been circulating. A user known as CryptoMumms posted that the TREAT token had already been launched in January of 2023. This claim and the fake TREAT token have led to a lot of confusion among the Shiba Inu community.

Treat did not stealth launch years ago. This simply isn’t true.

— Shytoshi Kusama™ (@ShytoshiKusama) January 5, 2025

This fake token is currently operating on ShibaSwap through the wallet contract address “0xFBD…146B” and has been misleading people about its existence. DEXTools shows that its market capitalization is $2.86 million; however, the Shiba Inu team has confirmed that this is not the real TREAT token.

Shytoshi Kusama, the pseudonymous leader of the Shiba Inu ecosystem, also addressed these allegations in public. He pointed out that TREAT has not been launched and asked the community not to interact with this fake token. On X, Kusama posted a video that was quite comedic in nature and showed how pointless the entire thing was. He further backed up the message with a caution to avoid falling for such narratives.

TREAT’s role in Shiba Inu’s ecosystem

The TREAT token is essential for Shiba Inu’s vision of becoming fully decentralized. After its launch, it will enable governance, rewards, and real-world use within the ecosystem. Kusama said that the token is a “capstone and key” to Shiba Inu’s future and plans to explain the details in his weekly podcast.

TREAT will also support WOOF Wars: Farming 2.0, a sophisticated yield farming system where users will be able to increase their profits. Using veTREAT (vote escrowed TREAT), holders will be able to participate in the governance process. While liquidity providers will get extra rewards. This system is meant to enhance the decentralization of the Shiba Inu network so that its holders can decide on the future of the coin.

Besides governance, TREAT will be incorporated into SHIB Pay, an on-chain payment system. This will allow users to make payments within the Shiba Inu ecosystem without involving conventional processors and with the help of blockchain verification. The Shiba Inu team has revealed that TREAT will be instrumental in the future of the crypto-commerce revolution.

As of the time of writing, SHIB is trading at $0.00002401, a 1% uptrend in the last 24 hours. The token has risen by nearly 10% since the beginning of the year. The Shiba Inu has four tokens in its ecosystem: SHIB, LEASH, BONE, and TREAT.

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