Shiba Inu Lead Shytoshi Kusama Defines Utility Of SHIB, BONE, LEASH, & TREAT

Shiba Inu lead developer Shytoshi Kusama has recently commented on the utility of SHIB, BONE, LEASH, and the soon-to-launch TREAT token. This has gained notable traction from the investors, as the market participants eagerly await the launch of the TREAT token, expected on January 14. Simultaneously, Kusama also unveiled a vision towards “Shib Network State” and the project’s evolution from merely a meme coin.

Shiba Inu Lead Shytoshi Kusama Reveals Utility Of Ecosystem Tokens

In a podcast titled “Meme Mania and the 36 Chambers of Tech,” Shytoshi Kusama introduced the idea of the “Shib Network State.” Drawing parallels with the Montevideo Convention’s criteria for statehood, he described Shiba Inu as a digital entity. The project leverages its four-token governance system, a large global community, and a virtual territory.

A Closer Look Into SHIB, BONE, LEASH & TREAT Utilities

Shytoshi Kusama outlined the distinct roles of each token in the network: SHIB governs the community, BONE oversees technology, LEASH manages judicial matters, and TREAT drives innovation and marketing. This system enables decentralized decision-making, fostering active participation within the Shiba Inu ecosystem.

Besides, he also clarifies the strategic roles of the ecosystem tokens. Beyond their governance roles, they collectively empower the project’s transition into a robust decentralized system. SHIB, as the core community token, ensures grassroots engagement. BONE’s focus on technology drives scalability and security.

On the other hand, LEASH governs rules and regulations within the ecosystem. Finally, the soon-to-launch TREAT token promises to foster innovation and lead marketing efforts.

Shib Network State Vision

The Shiba Inu lead emphasized that the project’s ambition is to make Web3 as seamless as Web2, offering user-friendly technology for a global audience. “Our aim is to evolve Shiba Inu into a technologically advanced and accessible ecosystem,” he shared, emphasizing the project’s commitment to inclusivity and innovation.

As the Shib Network State evolves, Shiba Inu positions itself not just as a cryptocurrency but as a decentralized entity redefining blockchain utility and community governance. This evolution signals a promising future for its ecosystem and holders.

Shib Army Remains Strong

The “Shib Army,” estimated at over six million members, forms the project’s population. Shytoshi Kusama noted that on-chain data revealed many more holders than initially anticipated, especially during events like the FTX collapse.

Meanwhile, Shiba Inu’s territory takes a digital form, encompassing its metaverse and domain assets like “shib.com.” This digital infrastructure acts as a virtual homeland for the Shib Army, providing spaces for interaction and growth. Its multi-chain capabilities also enable seamless token movement across blockchains, establishing connections with other decentralized ecosystems.

A Closer Look Into The Prices

The leading meme coin slipped today amid a broader crypto market crash. SHIB price today fell about 10% to $0.00002165, while its trading volume rose 78% to $864 million. Notably, the crypto has touched a 24-hour high of $0.00002389, reflecting the heightened selling pressure in the market.

BONE price also recorded a dip of 10.5% to $0.4523, after touching a 24-hour high of $0.5061. On the other hand, LEASH token price dropped 5% to $263.09, with its trading volume rocketing 134% to $2.03 million.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.