Shiba Inu Team Raises $12 Million in Funding Through TREAT

Shiba Inu starts the week with exciting news, raising $12 million through secretly launched TREAT tokens, causing excitement throughout the SHIB community.The development was Published in Shiv DailyThe Shiba Inu specialty news platform revealed that the deal was closed by Toshitoshi Kusama during the recently concluded Token2049 event in Dubai.

Shiba Inu signs groundbreaking contract

In a recent development, Shiba Inu Ecosystem lead developer Shatoshi Kusama hinted at the completion of an exciting $12 million funding round during the aforementioned blockchain event in Dubai. Major players in the venture capital space participated in this funding round, including Animoca Brands, Mechanism Capital, Cypher Capital, Shima Capital, Big Brain Holdings, Hercules Ventures, Morningstar Ventures, and Woodstock Fund. The funding was done by selling his TREAT tokens to VC firms.

TREAT is a new addition to the Shiba Inu ecosystem. One of the many functions of the token is to provide additional liquidity to SHI Stablecoin. Rewards for the blockchain version of the Metaverse and Shiba Collectible Card Game will also be provided as ShibSwap reward tokens instead of BONE tokens.

In this regard, Kusama noted that the funds will be used to work with Zama City to develop a layer 3 blockchain solution to enhance the security and privacy of the Shibarimumu network. Additionally, he emphasized that TREAT tokens will be available on the market later this year. stealth launch By funding the TREAT token and the massive hype surrounding it, investors and enthusiasts are already gearing up to collect the token when it hits major exchanges.

Shiba Inu plays the leading role in Token2049

Meanwhile, Shiba Inu’s presence at the Token2049 event in Dubai highlights the exponential growth in popularity, legitimacy and ambition in the cryptocurrency space. The project served as a gold sponsor of the event, which showcases and discusses innovations and hosts global cryptocurrency powerhouses.

This event provided the perfect venue for the Shiba Inu team to showcase their various projects and establish themselves among the industry elite. Even as the dust settles, the SHIB military and the larger crypto community remain wary of the possibility of a spike in Shiba Inu prices.

According to CoinMarketCap data, SHIB is currently trading at $0.00002712, representing a 1.5% increase since the announcement. Furthermore, SHIB’s 24-hour trading volume was $888 million, down 36% from the previous day, giving it an actual market capitalization of $15.9 billion.

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