Shiba Inu manages to garner $12 million by selling its latest TREAT token. This financial boost will be instrumental in building a confidential Layer 3 blockchain. Notable investors, including Polygon Ventures and Mechanism Capital, as well as other prominent venture capital firms such as Big Brain Holdings and Shima Capital, have participated in this funding round.
The funds we have successfully raised will be used for constructing Shiba Inu’s newest venture on Shibarium, our Ethereum-compatible Layer 2 platform. The introduction of the TREAT token signifies an essential expansion of the Shiba Inu universe. Furthermore, the team intends to launch another coin, named Shi, by the end of this year, adding more strength and diversity to our ecosystem.
Shiba Inu has garnered $12 million through selling TREAT tokens for the development of its novel privacy-centric Layer 3 blockchain. Polygon Ventures and other investors took part in this funding round. The last non-stable token in the Shiba Inu universe will be called TREAT. #ShibaInu #CryptoNews #Blockchain #TREATtokens #PrivacyFocused #PolygonVentures #Investment #DigitalCurrency #Bitcoin #BTC— TOBTC (@_TOBTC) April 22, 2024
A forthcoming blockchain employs Fully Homomorphic Encryption (FHE) tech developed by Zama, a cutting-edge encryption method that keeps data encoded throughout computations. This feature significantly boosts user privacy and security, alleviating primary concerns in the crypto sphere.
Moreover, although there are hurdles like bogus tokens and scams, the team takes rigorous steps to safeguard investors and community members. The genuine TREAT tokens will be produced by The Shiba Inu Mint S.A., a Panamanian company, ensuring their legitimacy and safety.
Shiba Inu stands out in the cryptocurrency world by combining advanced technology with strict regulatory adherence. This makes it well-prepared to cater to the upcoming billion users who are intrigued by crypto but seek reliable and compliant platforms.
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2024-04-22 18:44