CandleFocus Shiba Inu Lead Highlights New Prospect and Warning for This Upcoming Token, Says it Will Lead Memecoins Shift to Utility Tokens
2024-10-31
Author: Content Editor
The lead developer of Shiba Inu, Shytoshi Kusama, is optimistic about the potential of the TREAT token to transform memecoins into utility tokens. This comes in response to a comment from the CEO of Moonrock Capital, Simon Dedic, who suggested that memecoins are slowly evolving into stronger utility tokens. Kusama believes that TREAT, with its meme trait and governance utility, is leading this shift. However, Kusama also warns that all existing TREAT tokens in the market are fake and investors should wait for the official launch. In the meantime, potential investors are encouraged to join the "Treats for Shib" community for more information. TREAT will serve as the reward token for the Shiba Inu ecosystem and will have utility in the ShibaSwap decentralized exchange and SHIB DAO.
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