Lead Shiba Inu developer Shytoshi Kusama recently took to Twitter to refute a false tweet that announced the impending release of new tokens within the Shibarium ecosystem. He objected to the fraudster who falsely announced the debut of TREAT and SHI and advised the community to be wary of scams in the Shiba Inu ecosystem.

The false message had suggested that the upcoming tokens, which had the symbols TREAT and SHI, were ready to be launched. It went even farther by disclosing their allegedly respective “official” contract addresses. “Untrue. “Do better,” Kusama declared, reiterating the misleading post.

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Community Response to Scam Alert

In response to Kusama’s message, the DogPad Twitter account, which represents the Shibarium Launchpad ecosystem, made a reflection on the widespread prevalence of scams. The account lamented, “Too many scams. Happens to us too.”  Shibarmy Scam Alert, a proponent of caution, also released a strong cautionary statement regarding the false news. It cautioned:

“Please be cautious and skeptical about the information provided. This is a blatant lie and an attempt to deceive investors! Always exercise due diligence and research thoroughly before making any investment decisions.”

Similar to this, a well-known Shiba Inu figure warned against falling for fraudulent individuals. He underlined the significance of just using authorized sources and carefully carrying out research. Another commentator mirrored these comments and expressed concern about the lack of conscience shown by people who engage in intentional deception. The user urged fellow Shiba Inu fans to be prudent and meticulous.

TREAT and SHI; Upcoming Tokens in the Shiba Inu Ecosystem

Notably, the upcoming tokens in the Shiba Inu ecosystem are TREAT and SHI. SHI is a stablecoin that could compete with Circle USD (USDC) and Tether USD (USDT), whereas TREAT is a unique reward coin. SHI will serve as a store of value for Shiba Inu fans by being tied at a 1:1 ratio to the USD dollar.

While this is happening, the Shiba Inu team works to create the TREAT token in order to boost user involvement in the Shiba Inu ecosystem. Within the Shiba Inu Metaverse, TREAT is also anticipated to produce rewards.  The current warning against scams involving TREAT and SHI is not, interestingly, the first of its kind. As was previously reported, Kusama has cautioned that the tokens are still in development.

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