Dispelling all rumors, the Shiba Inu workforce has confirmed that one among its upcoming ecosystem tokens, Treat, has not been launched. Amidst upcoming developments, misleading campaigns circulate, falsely asserting the “stealth launch” of the TREAT tokens. These deceptive techniques not solely generate unwarranted pleasure but in addition unfold scams and misinformation in regards to the tokens. It’s subsequently suggested to conduct thorough analysis and examine the supply of this info.
Only a day earlier than, the Shiba Inu workforce secured a $12 million deal for his or her newest mission, a Totally Homomorphic Encryption [FHE] blockchain powered by the TREAT token. The funding round was led by distinguished enterprise capitalist Cypher Capital. Different buyers embody Polygon Ventures, Mechanism Capital, Massive Mind Holdings, and Shima Capital.
As earlier reported by TronWeekly, FHE is a privateness device that permits builders to course of information on untrusted domains with out decrypting it. The FHE integration is subsequently designed to considerably improve the privateness and safety of on-line interactions throughout the SHIB area.
At the moment’s a HUGE day for us, SHIBARMY! We’re thrilled to announce that we’ve secured a monumental $12 million from strategic VC companions led by @cypher_capital to unleash our next-gen Totally Homomorphic Encryption (FHE) blockchain by way of $TREAT — the ultimate non-stable token within the Shiba Inu ecosystem! Let’s introduce our companions and dive into what this implies for our neighborhood and the way forward for crypto
Based on Shiba Inu, the TREAT token serves because the “utility and governance token” of its new privacy-focused Layer 3 blockchain, which is being constructed on Shibarium, its Ethereum Layer 2 blockchain.
Shiba Inu Tangem Integration
In the meantime, the highest crypto {hardware} pockets supplier, Tangem, has broadened its cost decisions to now embody SHIB. This transfer follows a 12 months of launching a devoted pockets for Shiba Inu. Tangem emphasised that including crypto cost choices is consistent with its dedication to bettering safety and comfort for its worldwide crypto customers. It is very important point out that Tangem now accepts Shiba Inu funds on each the Ethereum and BNB Sensible Chain (BSC) networks.