The Shiba Inu ecosystem team officially launches its reward token, TREAT, with trading commencing today on three leading crypto exchanges.
The official handle of the Shiba Inu ecosystem confirmed the launch in a tweet today. It encouraged users to purchase TREAT through its initial centralized exchange partners.
However, it emphasized the need for caution, warning traders to be vigilant against scams to avoid purchasing fake TREAT tokens through malicious links.
$TREAT is officially LIVE!
Buy it now on our CEX partners!
Stay SAFE! 🛡️
Beware of scam links and tokens mimic or replicate $TREAT.Double-check with https://t.co/5knaVPWmJV and our official brand channels for verification. pic.twitter.com/T26aKgOVVB
— Shib | TreatYourself Season (@Shibtoken) January 14, 2025
TREAT Trading Goes Live After Airdrop
Notably, trading commenced for TREAT today at 11:00 a.m. (UTC) on Bitget, KuCoin, and Gate.io. These exchanges announced TREAT’s listing last week, followed by deposits, which began immediately after the announcement.
In addition, the Shiba Inu ecosystem team launched an airdrop to distribute TREAT for free to users of these exchanges. Participants had to provide their account IDs and deposit addresses from the exchanges.
Notably, the team airdropped the tokens to eligible participants an hour before trading officially went live today. Each participant received at least 1,250 TREAT, worth $12.5 at the listing price of $0.01.
Upon launch, the price of TREAT spiked to a high of $0.035 on KuCoin and $0.15 on the Bitget crypto exchange. At press time, TREAT trades at around $0.021 per token on both exchanges. It has a total supply of 10 billion tokens, with a daily volume reaching $15.7 million.
Shiba Inu Team Hints at Upcoming Rewards for TREAT Holders
As expected, some members of the Shiba Inu ecosystem team took to X to react to TREAT’s launch. Shytoshi Kusama, the pseudonymous leader of the Shiba Inu ecosystem, commented on TREAT’s launch, suggesting its debut was not easy.
Despite this, Kusama emphasized that TREAT has gone live, paving the way for the ‘fun part,’ which involves educating the public about how the Shiba Inu ecosystem is a game changer. He hinted at the upcoming launch of more rewards related to TREAT.
Interestingly, Shiba Inu marketing lead Lucie also shared a similar opinion, emphasizing that “many surprises are on the way.” The marketing lead confirmed that TREAT’s launch is a slow release, suggesting that the team will gradually unveil more of the token’s potential over time instead of revealing it all at once.
