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SHI’s goal is to act as a global stablecoin that will operate in both Ethereum and Shibarium in the conditions of fluctuating cryptocurrency market.
Seems that 2022 is a milestone year for Shiba Inu (SHIB) as its developers are planning a lot, from launching SHI stablecoin to entering the world of the metaverse. Let us have a deeper look at the projects Shiba Inu is currently working on.
Firstly, Shiba Inu is planning to launch its own stablecoin, SHI. While other stable tokens are suffering collapse, with billions of dollars getting wiped off the market completely, the major person behind Shiba Inu Shytoshi Kusama says that SHI will not depend on market fluctuations.
In a blog post, Shytoshi said:
“As for SHI, we have seen independent 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.”
SHI is expected to be one of the financial assets in the SHIBFE, or Shibarium Financial Ecosystem. Its goal is to act as a global stablecoin that will operate in both Ethereum and Shibarium in the conditions of fluctuating cryptocurrency market.
Notably, investors hope that SHI stablecoin will help to boost the price of Shiba Inu and break the $1 level.
TREAT Reward Token
Further, Shiba Inu team is working on the reward token. Called TREAT, the token will “help provide balance” to Shiba Inu’s stablecoin as well as derive rewards for the Metaverse, and the blockchain version of the Shiba Collectible Card Game.
The team has not revealed the tokenomics, but it is known that they have reserved a limited supply of TREAT for its most loyal Breed members. As Shiba Inu explained, they helped develop the confidence to protect and grow the ecosystem with patience, energy, and support. Therefore, the developers will benefit from TREAT.
SHIB: The Metaverse
Last but not least is the metaverse project Shiba Inu is working on. Built on Shibarium, an up-and-coming layer 2 scaling system for SHIB, SHIB: The Metaverse will feature 100,595 plots of land that will be minted by users. As a developer Eric M explained, SHIB: The Metaverse is “a place where our community, tokens, game, ShibaSwap and way more is going to meet together.”
SHIB: The Metaverse spans four different districts: Growth District, Defense District, Technology District, and Currencies District.
In addition to minting land in this metaverse, users will be able to leverage SHIB to add pictures and logos to land plots. Besides, they can spend SHIB to name or rename land plots.
It is expected that SHIB: The Metaverse will launch within the next six months.