Shiba Inu Introduces Stablecoin and Reward Token for Its Metaverse
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Leading Shiba Inu (SHIB) memecoin developer Shytoshi Kusama this week published a new update announcing his plans to launch a stablecoin and reward token.
In a Medium blog post, Kusama said that “independent developers” are creating a decentralized stablecoin called SHI. Additionally, the project plans to release the SHIB metaverse reward token, TREAT.
SHI stablecoin
As Kusama reported in the post, SHI will be a stable digital currency that will “avoid the issues found in other moonshots.”
Clearly, this appears to be a reference to other failed stablecoin projects such as Terra USD (UST).
According to the developer, SHI will help balance payments by avoiding price fluctuations.
“This will be an experimental protocol, like everything decentralized that Shib does,” he said. “A more detailed and complex set of information will be released about this token as it is finalized. No insane issues, this should be released in 2022,” he stated.
TREAT reward token
Meanwhile, about Shib’s metaverse reward token, Kusama explained that TREAT will be linked to the Shiba Collectible Card Game.
At the same time, the digital asset will “help provide balance” to the SHI stablecoin.
“TREAT will greatly benefit our current holders of the SHIB ecosystem, tokenomics will not disappoint,” he assured.
Additionally, the developers are reserving “a limited supply” of TREAT for the project’s longtime supporters.
Shiba Inu collectible card game
In the post, Kusama also announced a collectible card game on Shiba Inu. However, there aren’t many details about it yet.
He only said that game developer Playside and Shiba Games have been working hard to make the “best collectible card game on the planet”.
“It is literally amazing and I was going to post information about it but deserves a post of its own. So stay tuned for revelations,” he said.
About Shiba Inu
Created in August 2020 to be a “rival” to Dogecoin (DOGE), Shiba Inu (SHIB) has become the second largest dog-inspired meme cryptocurrency on the market.
After its launch, the team behind the project launched a decentralized exchange (DEX), ShibaSwap, as well as ecosystem tokens BONE and LEASH.
Also as part of the project, the team is working on a proprietary layer 2 protocol of the ecosystem, Shibarium. The idea is that it supports the deployment and development of native applications.
In parallel, the team is building a metaverse project with 100,000 plots of land in the form of virtual real estate.
