Gushiken Yona
Zama CEO Rand Hindi declares Shiba Inu’s $TREAT “one of the first FHE tokens to go into mainnet,” as the token debuts on six cryptocurrency exchanges.
Shiba Inu’s $TREAT and its FHE Token Status
On Tuesday, Shiba Inu Treat ($TREAT) became available on multiple cryptocurrency exchange platforms. Hindi, whose company, ZAMA, is a partner of Shiba Inu, emphasized the token’s importance in a recent post on X (formerly Twitter). “Like many, I initially thought of Shiba as a memecoin. It wasn’t until I read their manifesto and got deeper into their ecosystem that I realized what it really was: a Network State,” the CEO said.
He explained, “Network States are decentralized communities leveraging blockchain to bring people together around a common belief. In the case of Shiba, that belief is that everyone deserves to have fun.” Hindi, further noted, “Today, there are millions of Shibizens engaging with the various Shib products on a daily basis. It is by far one of the most successful ecosystem in crypto, and FHE is now a part of it!”
He also emphasized the crucial role FHE plays in the Shiba Inu ecosystem, noting, “From decentralized identity to DeFi, tokens to governance, FHE enables Shiba to build an entire Network State OS onchain, while guaranteeing the privacy of its Shibizens.” The CEO also underlined that $TREAT is just as start, underlining that Shytoshi Kusama, the visionary behind the Shiba Inu ecosystem and Kaal Dhairya, the tech wizard, including the Shib engineers ” are working on an whole suite of products that will take this to the next level.”
$TREAT: Zama CEO and Shiba Lead Developer Discuss Its Significance
He also said, “I’m really excited about what’s to come, and about what will be a long, productive partnership between Zama and Shib!” In response, Kusama said, “Thank you very much @randhindi! #TREAT is the first token launched that gives access to FHE capabilities. The Future is very bright. Ladies and gentleman take a moment to read and understand the long term play here.”
$TREAT, which stands for Transactional Rewards for Engagement and Access Token is the fourth token of the Shiba Inu ecosystem. It is designed to be a multifaceted token that offers transactional rewards and to grant access to a complex architecture of over 30 advanced technologies that form the core of the Shiba Network State.
Kyle Samani from Multicoin Capital said, “This is wild. It doesn’t even sound possible. But it is.” He described FHE as “the holy grail of cryptography. In time, FHE will reshape the fabric of all computing, both in web2 and web3.”
While Hindi did not elaborate on his statement declaring TREAT as one of the firsts FHE tokens on mainnet, it has profound implications to the token and to the Shiba Inu ecosystem. It also aligns with what Kusama said in the previous episodes of his limited-edition podcast titled Meme Mania and the 36 Chambers of Tech.
Read More
- Treasure Trove of Alphas: Kusama’s Podcast Discusses Quantum-Proof Data Protection Via FHE Implementation
- Don’t Fade on BONE, Shytoshi Kusama Explains Why
- The Role of TREAT in Unlocking Web3’s Potential
Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
