Admitting an existing “ refer after watching other stable tokens crumble and billions in dollars get wiped off the market wholly, ” Kusama teased the launch of SHI, an experimental stablecoin protocol .
If everything goes ampere planned, the SHI stablecoin will be launched already this year, said the developer .
“ We have seen autonomous development from a group of developers in our decentralized network. They have submitted a version of SHI that seems to avoid the issues found in other moonshots, ” wrote Kusama hinting at the dramatic flop of Terra ’ mho UST stablecoin in May.
Shiba Inu is besides planning to expand its network with a new reward token called TREAT .
Per the web log post, TREAT has been “ softly in design ” and will have wide application across the Shiba Inu ecosystem, including the project ’ randomness metaverse plan and the approaching Shiba Collectible Card Game, described as “ the best collectible poster bet on on the planet. ”
Kusama didn ’ triiodothyronine provide extra details, which are being developed by Playside and Shiba Games, saying that it deserves a separate web log post that will come at a late stage .
The TREAT token will besides “ help provide balance to ” the SHI stablecoin, added Shiba Inu ’ s lead developer .
Shiba Inu community takes aim at metaverse
The developer update besides included updates on the advance of Shibarium—the project ’ s layer-2 solution that will allow users and developers to create new applications on the existing blockchain infrastructure .
According to Kusama, the project was successful in bringing on “ a host of fresh developers that we ’ ve meet over the last year to help us with the UX/UI and redesign of our web portals to complement this project. ”
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“ As of now, everything is calm on track, and we are moving adenine fast as we can to complete this kernel part to our ecosystem, ” he added .
The populace beta launch date for the Shibarium is so far to be determined, though .
Described as “ an experiment in decentralize spontaneous community construct, ” Shiba Inu was created by a pseudonymous developer under the alias of Ryoshi and launched in August 2020 .
Unlike another popular meme cryptocurrency Dogecoin, which runs on its own blockchain, Shiba Inu is an ERC-20 token built on Ethereum, which means it is besides submit to the network ‘s development decisions .
With a marketplace cap over $ 5.7 billion, Shiba Inu is presently the populace ’ s 14th largest cryptocurrency .
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