While the Shiba Inu community eagerly awaits the launch of at least five projects, the SHIB team has issued stern warnings concerning one of the yet-to-be-unveiled projects, the TREAT token.
In a recent message on X, Lucie, Shiba Inu’s marketing strategist, alerted the community that the TREAT token is still under development. Given the token’s development state, Lucie proclaimed that TREAT was not launched yet.
Additionally, She cautioned the eager community to be wary of bad actors and fraudsters claiming the token was now live for trading.
“Treat has not been launched yet! Beware of scammers pretending otherwise,” the Shiba Inu representative warned.
$Treat has not been launched yet!!!
Beware of scammers pretending otherwise.
— 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) September 12, 2023
Notably, this warning call comes amid multiple posts in the crypto community claiming the Shiba Inu team has launched TREAT.
For instance, an X user claimed TREAT had stealthily launched in January, amid what they referred to as the “Ryoshi style.”
Furthermore, the individual mentioned that TREAT was purportedly trading alongside various trading pairs on the ShibaSwap decentralized exchange.
It is worth clarifying that the Shiba Inu team has maintained that TREAT is not out yet. This implies that any coin with the TREAT ticker on the market is a copycat token.
While the Shiba Inu team has previously warned that TREAT was not primed for launch, the continuous reminder becomes necessary as bad actors often seek new ways to trick unsuspecting SHIB enthusiasts. They often capitalize on the frenzy that follows major announcements such as the launch of Shibarium.
The TREAT token is a unique reward digital asset expected in the Shiba Inu ecosystem. The asset is expected to play a pivotal role in motivating users to engage actively within the Shiba Inu ecosystem.
Additionally, TREAT will be instrumental in upholding liquidity for the SHI stablecoin.