Unlike recent reports, the TREAT token for Shiba Inu has not been officially launched yet

Shiba Inu's marketing lead, Lucie, took to X (Twitter) to clarify the confusion surrounding the TREAT token's release.

The TREAT token is planned to be the utility and governance token for Shiba Inu's new privacy-focused Layer 3 blockchain, which is being developed in collaboration with cryptography company Zama.

This Layer 3 blockchain will utilize Fully Homomorphic Encryption (FHE) technology to enhance privacy and security in cryptocurrency transactions.

Recently, Shiba Inu raised $12 million through the pre-sale of the TREAT token, with investments from major crypto venture capital firms such as Animoca Brands, Mechanism Capital, and Polygon Ventures his funding will be used to further develop the Layer 3 blockchain and other Shiba Inu initiatives.

While the TREAT token has not yet been officially released, Shiba Inu's developer, Shytoshi Kusama, has stated that it will be launched in the crypto market this year.

In the meantime, the Shiba Inu community is advised to be vigilant and only act on official updates from the project's team to avoid potential scams.