$TREAT FAQs

alexShib Shack4 months ago16 Views

The launch of the Shiba Inu Treat ($TREAT) marks a significant milestone for the Shiba Inu ecosystem, bringing with it a wave of excitement and curiosity. 

To help the community navigate this new development, we’ve compiled a comprehensive list of frequently asked questions about $TREAT, its purpose, distribution, and integration within the Shiba Inu network. 

This FAQ aims to provide clear and concise answers to the most common queries, ensuring that everyone has access to the information they need.

General Information

Q: What is Shiba Inu Treat ($TREAT)?

A: Shiba Inu Treat ($TREAT) stands for Transactional Rewards for Engagement and Access Token. It is designed to be a multifaceted token designed to offer transactional rewards. This is done while also granting access to a complex architecture of over 30 advanced technologies that form the core of the Shiba Network State. 

These innovations include decentralized identity solutions, safety protocols Aura, Reputation and Karma (ARK) protocol, decentralized finance applications aiming to reconfigure traditional financial interactions; a decentralized incubator designed to nurture emerging projects within the ecosystem; intended to introduce enhanced automation. 

Beyond its functional role as a key to this technological infrastructure, Treat is also conceived as a governance token, placing its holders at the helm of the Shiba Network State’s strategic direction. The holders of this token, it is envisioned, will help steer the course of innovation and play a pivotal role in shaping the overall marketing strategies of the ecosystem. Through these dual functions, Shiba Inu Treat ($TREAT)seeks not only to solidify Shiba Inu’s evolution beyond the label of a meme coin, but to project it as one of the world’s most influential brands, asserting itself as a nascent, yet formidable, technological power.

Q: What is the utility of $TREAT?

A: $TREAT is designed to:

  • Reward users for engagement within the ecosystem.
  • Provide access to new technologies and features.
  • Facilitate governance and decision-making.
  • Enable transactions with enhanced security and data protection.
  • Act as a method of payment for advanced features, including access to the new Layer-3 blockchain.

Q: How does $TREAT help the broader cryptocurrency ecosystem?

A: $TREAT aims to contribute to the crypto space by providing a practical example of a utility token that enhances user experience, security, and community governance. 

Q: What makes $TREAT different from other tokens?

A: TREAT is designed to be a core component of a larger ecosystem, providing utility, governance, and access to advanced technologies. It is also part of a project that has a strong community and a vision for a decentralized future.

Token Launch and Distribution

Q: How will $TREAT be launched?

A: $TREAT will be launched on roughly 5 major exchanges on January 14th at 11AM UTC / 7PM SGT.

Q: Will there be a pre-sale for $TREAT?

A: There will not be a pre-sale for $TREAT.

Q: How can I get Shuba Inu Treat ($TREAT)?

A: $TREAT will be available through:

  • Centralized Exchange Listings: $TREAT will be listed on major exchanges, including Bitget, Gate, MEXC, KuCoin, and OurBit, starting January 14.
  • Airdrops: Airdrops will be available to those eligible to receive Shiba Inu $TREAT (certain restrictions may apply). To participate, you will need to trade on Bitget, KuCoin, or Gate.io
  • Transactional Rewards: $TREAT will be distributed as transactional rewards for engagement within the ecosystem.

Q: Will $TREAT be available through staking rewards?

A: $TREAT will not be available through staking rewards.

Q: Will $TREAT be available through an airdrop?

A: Yes, airdrops will be available to anyone. Shiba Inu has partnered with leading centralized exchanges to facilitate the $TREAT distribution. Eligible users can claim their tokens through the following official platforms: BitGet, KuCoin, or Gate.io.

Q: How To Claim Airdrops:Here are the steps to claim your Shiba Inu Treat ($TREAT) tokens:

  • Create an Account: Sign up for an account on one of the approved exchanges: BitGet, KuCoin, or Gate.io. Ensure you are on the official platform for the exchange.
  • Submit Your Details: Visit the official Shiba Inu page on shib.io. Provide your exchange user ID and your deposit address. Double check that this information is correct.
  • Get Whitelisted: After submitting your details through shib.io, your exchange account will be whitelisted, and you will then be able to receive your $TREAT tokens.

Q: Will $TREAT be launched on a major exchange?

A: Yes, $TREAT will be launched on major exchanges, including Bitget, Gate, MEXC, KuCoin, and OurBit.

Q: What is the official TREAT token contract?

A: The official $TREAT token contract: https://etherscan.io/token/0xa02c49da76a085e4e1ee60a6b920ddbc8db599f4

$TREAT and Shibarium

Q: Will $TREAT be native on Shibarium?

A: $TREAT will be native on Shibarium, but not initially.

Q: Will $TREAT be on the Ethereum network or Shibarium?

A: Initially, $TREAT will be available on the Ethereum network. It will be integrated into Shibarium at a later date.

$TREAT and Validation

Q: Will $TREAT be a reward for validating on Shibarium?

A: No, $TREAT will not be a reward for validating on Shibarium.

Q: What is the timeline for $TREAT?

A: $TREAT will be publicly available on exchanges on January 14 at 11AM UTC / 7PM SGT.

Q: Where can I find more information about $TREAT?

A: Please refer to official Shiba Inu channels like shib.io, news.shib.io or magazine.shib.io and official links for the most up-to-date information.

Eligibility and Restrictions

Q: Who is eligible to receive $TREAT tokens?

A: To ensure compliance with international regulations and promote fair allocation, certain Restricted Persons, namely individuals and jurisdictions, are ineligible to purchase tokens. Specifically:

  • Individuals subject to sanctions or residents/nationals of sanctioned jurisdictions are ineligible.
  • U.S. persons and entities, including citizens, residents, green card holders, and entities owned/controlled by U.S. persons, are also ineligible.
  • Individuals residing in jurisdictions where the offer, sale, holding, or purchase of digital assets is illegal, prohibited, or unauthorized are similarly ineligible.

Q: Can I acquire $TREAT tokens to sell or distribute to restricted persons?

A: No, $TREAT tokens cannot be acquired with the intent to sell or distribute to Restricted Persons, including U.S. persons, and cannot be offered, sold, or delivered in the U.S. or to Restricted Persons. All transactions must comply with applicable laws. Offers, sales, or resales of $TREAT are prohibited in or from any restricted jurisdictions (including the U.S.).

Security and Data Protection

Q: Is $TREAT secure?

A: $TREAT utilizes the security features of the underlying blockchain and will be integrated with Shiba Inu’s upcoming Layer-3 blockchain, which is fortified with Fully Homomorphic Encryption (FHE) from partner Zama.ai. This technology, is designed to provide enhanced data protection and security for users.

Q: How does $TREAT ensure data protection?

A: $TREAT will be integrated with Shiba Inu’s new Layer-3 blockchain, which utilizes Fully Homomorphic Encryption (FHE). FHE allows data to be processed while remaining encrypted, enhancing user data protection and security.

Tokenomics

Q: What are the tokenomics behind $TREAT?

Community and Support

Q: How can I participate in the community?

A: You can participate in the Shiba Inu community through official channels such as Telegram, Discord, and Twitter.

Q: Is $TREAT listed on CoinMarketCap, CoinGecko, or similar?

A: $TREAT is on CoinGecko and will soon be on CoinMarketCap.

Q: How can I track the performance of $TREAT?

A: You can track the performance of $TREAT on websites like CoinMarketCap, CoinGecko, and blockchain explorers after its launch.

Project Information

Q: Who is behind the $TREAT project?

A: $TREAT is part of the Shiba Inu ecosystem — a decentralized team of developers and community members.

Q: What is the price of $TREAT today?

A:The price of TREAT will be available on major exchanges and crypto data aggregators after its launch.  The value of digital assets can be highly volatile, and there is a risk of loss. It is important to do your own research and understand the risks before purchasing any digital asset.

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