Shytoshi Kusama, a developer for the meme token $SHIB, shared information about potential ecosystem plans. They intend to develop a Layer 2 and two other tokens in order to build on the success of their local DEX ShibaSwap. Despite the state of the market, the Shib army, known by the names $Leash and $BONE, appears to be expanding constantly.
Shytoshi stated that its stablecoin, $SHI, has undergone “Independent development from a group of developers” in the blog article. They said that $SHI would be an “experimental technique” in an apparent jab at the Terra Luna debacle. They want $SHI to function as a dependable payment option despite price fluctuation.
This would entail abandoning the $LUNA/$UST algo-stable model and possibly introducing some innovation.
The stablecoin should launch this year if everything goes according to plan.
The Shiba Inu project intends to introduce $TREAT as its fourth token in addition to $SHIB, $LEASH (which was initially a rebase token), and $BONE (a governance token).
According to Shytoshi, $TREAT will serve as the metaverse’s main token and be utilized to secure the peg of its stablecoin as well as for a collectible card game.
Additionally, $TREAT will be a rewards token, which is expected to promote greater liquidity and encourage staking and participation. There has been no proof of the project’s claim that they are currently in negotiations with a AAA studio to develop its metaverse.