A prominent member of the Shibarium development team, DaVinci, has issued a stern warning to the Shibarium community following the emergence of a counterfeit token dubbed "TREAT." DaVinci emphasized that while the legitimate TREAT token is still under development by the Shibarium team, the fake version has no official affiliation and should be approached with caution.

The warning, issued on June 2, comes in response to malicious actors releasing the fake TREAT token, exploiting the Shibarium network's growing popularity. DaVinci highlighted that these bad actors even went as far as using the official shib.io address to lend credibility to their fraudulent token.

To address the issue, a notice has been posted on CoinGecko cautioning users about the fake TREAT token and advising them to conduct thorough research before engaging in any trading activities.

The genuine TREAT token, slated to be part of the Shibarium ecosystem alongside SHIB, BONE, LEASH, and the SHI stablecoin, serves multiple purposes. Primarily, it functions as a reward token for activities within the Shiba Lands metaverse and the Shiba Eternity card game. Additionally, TREAT will play a crucial role in balancing the SHI stablecoin and powering Shibarium's upcoming privacy layer, enhancing user anonymity on the network.

While SHIB remains the native token of Shibarium and BONE serves utility purposes such as gas fee payments and ShibaSwap governance, LEASH stands out with its scarcity and premium value. With only a limited supply available, LEASH holders enjoy priority benefits in land sales and metaverse onboarding within the Shibarium ecosystem.

The emergence of the fake TREAT token underscores the importance of vigilance within the crypto community. As Shibarium continues to evolve, it's crucial for users to remain informed and cautious to safeguard against potential threats and scams.