Misinformation about the release of the TREAT token is circulating, and the Shiba Inu community has been warned to be extremely cautious.
Thus, to reiterate that the TREAT token has not been formally launched, Shibarmy Scam Alerts, an X account devoted to exposing frauds and defending the Shiba Inu community, has posted an urgent notice. It further said that, in contrast to prior assertions, the SHIB team has not officially launched anything.
https://x.com/susbarium/status/1784202774206394483
Because of this, the Shiba Inu community is requested to exercise care and hold off on making any investments or transactions pertaining to TREAT until its release has been verified by reliable sources. They should also exercise caution and prioritise financial security in order to protect their investments by abstaining from any unlawful TREAT-related activity.
Recently, Shiba Inu has made great strides, having raised $12 million from Cypher Capital and other strategic venture capital partners to create its next-generation Fully Homomorphic Encryption (FHE) blockchain, which will be powered by the future TREAT token.
The ability to compute on encrypted data thanks to FHE technology might revolutionise cryptocurrency privacy and trust.
But with tremendous expectation is considerable risk, which is why there is an urgent notice about the TREAT token. The SHIB team has not started any such launch, thus the Shiba Inu community should be aware that any statements that the TREAT token has been distributed are untrue. In addition, they should only trust official announcements for up-to-date information about the TREAT launch.
The relocation of the Shiba Inu decentralised exchange, ShibaSwap, to Shibarium and the advancements it brings with it is huge news for the ecosystem.
Shiba Inu has said that ShibaSwap, its DEX, will be moving from Ethereum to Shibarium. This move opens up new options and spurs innovation on the Shibarium blockchain, marking a significant advancement for ShibaSwap.
