Shiba Inu community members have alerted users of an incorrect link belonging to the Treat token that Crypto.com inadvertently shared. Treat is an upcoming ecosystem token, that has not yet been launched. The SHIB member urged users to exercise caution and avoid being ensnared by misleading links or spoofs designed to defraud users.
As per community members, the exchange’s misstep occurred in a weekend blog post intended to guide users through the Shiba Inu ecosystem. The post erroneously linked TREAT to an external URL not affiliated with Shiba Inu, raising concerns about potential scams and security risks. The article also incorrectly stated that Susbarium found the http://treattoken.org link first in the crypto.com post, as TREAT army found the embedded link first in its telegram channel only moments after Shibtoken retweeted the post.
After debunking the claims, the member slammed the post as too opinionated and urged users to do thorough research and only follow official sources for information.
I think we’re learning that it’s really important for our global community not to quickly jump to conclusions because the best opportunities in crypto are usually difficult to see. If you rush through your research, or you are lazy in your research, you will surely miss out on the best tokens, like $TREAT! So, Instead of blindly listening to others’ opinions on TREAT, I highly recommend you conduct your research and decide for yourself!
Shiba Inu’s TREAT Token: $12M Deal
Previously, deceptive campaigns of the TREAT token falsely announced the stealth launch of the tokens. This might be due to the anticipation surrounding the token’s upcoming role in various initiatives of the meme coin ecosystem. TREAT is set to play a key role in the latest project, a Fully Homomorphic Encryption [FHE] blockchain.
As reported earlier, the Shiba Inu team secured a $12 million deal for the latest project that will be powered by the TREAT token, the final non-stable token in the Shiba Inu ecosystem. The investment round was led by prominent venture capitalist Cypher Capital. Other investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, and Shima Capital.
According to Shiba Inu, the TREAT token serves as the “utility and governance token” of its new privacy-focused Layer 3 blockchain, which is being built on Shibarium, its Ethereum Layer 2 blockchain.
