Shiba Inu (SHIB) Launches New Reward Token and Stablecoin
The Shiba Inu (SHIB) ecosystem will eventually have its own stablecoin, rewards token, and collectable card game.
Shytoshi Kusama, the ecosystem’s chief developer, revealed the new initiatives in a blog post. In addition to its own stablecoin and a new token, the Shiba Inu ecosystem will eventually include a collectable card game for its future metaverse.
SHI and TREAT information
The creator said that the collapse of TerraUSD (UST), which precipitated a crisis in the stablecoin market, inspired the Shiba Inu community to create its own stablecoin.
Shiba Inu and TREAT TREAT, a new coin designed for the SHIB community, will be implemented across the whole ecosystem of the project, including its eventual metaverse, Shibarium. The asset would continue to play a vital part in the next card game, Shiba Collectible Card Game, as well as provide stability for SHI.
Other specifics concerning the tokens and the new card set have not yet been disclosed, and release date cannot be determined. However, Kusama said that if all goes according to plan, the stablecoin would be issued later this year.
The leader of the Shiba Inu also gave news on the future of the meme coin’s metaverse. He adds that the initiative brought in “a lot of fresh developers that we met in the previous year to assist us with the UX/UI and redesign of our web portals to complement this project.”
The release date for the beta phase of the metaverse, which will be accessible to the public, remains unknown.
At the end of the day, SHIB was trading at $0.000011, an increase of 8% over the previous 24 hours. Despite this, the asset has depreciated by 87 percent relative to its historical peak price, which was reached in October of last year. In that month alone, the token appreciated by more than 1,000 percent, making it one of the cryptocurrencies that appreciated the most in 2021.