- Shibarium Trustwatch has warned investors about potential phishing scams related to the not-yet-released SHI and TREAT tokens.
- The new tokens are expected to add utility and liquidity to the Shiba Inu ecosystem.
- SHI will be a stablecoin pegged to $0.01, while TREAT will serve as the ecosystem’s new reward currency.
With the renovations to the SHIB ecosystem this year – the project has become the center of attention for ill-intended people. With the release of new tokens like SHI and TREAT, Shiba Inu revamped eco-space could become a target for phishing and other scams to try and trick investors into sharing confidential information.
Just recently, Shibarium Trustwatch – an X/Twitter account dedicated to protecting SHIB investors – issued a public statement warning investors. The message emphasized that the tokens SHI and TREAT have not been launched yet.
Over the past weeks, the X account has been reporting an increasingly larger number of potentially fishy profiles talking about the new tokens.
About SHI and TREAT
The two new memecoins are expected to bring more utility and liquidity to the Shiba Inu Ecosystem.
The SHI token is being developed as a digital stablecoin pegged to one American cent – $0.01. This coin is expected to become a store of value currency that will facilitate payment methods for its 1-cent-peg.
Meanwhile, TREAT is the new memecoin to replace BONE as the ecosystem’s reward currency. Also, the added liquidity from $TREAT will aid $SHI in maintaining its fixed value by ensuring a steady flow of funds and rewards within the Shiba Inu ecosystem.
