The Shiba Inu community is currently on high alert due to the spread of misinformation surrounding the release of the TREAT token.
Shibarmy Scam Alerts, a dedicated source for uncovering scams within the community, has issued an urgent warning.
They emphasize that the TREAT token has not been officially launched and refute recent claims suggesting otherwise.
According to them, the SHIB team has not initiated any official release of the token. As a precautionary measure, the Shiba Inu community is urged to exercise caution and refrain from participating in any transactions or investments related to TREAT until its official release is confirmed by legitimate sources.
It is advised to safeguard assets by avoiding unauthorized TREAT-related activities and prioritizing financial security.
In recent developments, Shiba Inu has secured $12 million from strategic VC partners led by Cypher Capital to facilitate the launch of its next-generation Fully Homomorphic Encryption (FHE) blockchain, which will be powered by the forthcoming TREAT token.
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The FHE technology, enabling computations on encrypted data, promises significant advancements in privacy and trust within the cryptocurrency sphere.
However, amidst the anticipation, there are considerable risks associated with the TREAT token, prompting the issuance of the urgent alert.
The Shiba Inu community is reminded to disregard any claims of the TREAT token’s release, as no such action has been initiated by the SHIB team.
Official announcements should be relied upon for accurate information regarding the TREAT launch.
In other significant news for the ecosystem, the decentralized exchange ShibaSwap has completed its migration to Shibarium from Ethereum, marking a milestone in its progress.
This move is expected to bring forth innovations and new possibilities for the ShibaSwap platform within the Shibarium blockchain environment.
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