The SHIB network is preparing for presidential elections, announced by Shytoshi Kusama. This will be a significant step towards the project's decentralization.
Announcement of SHIB Presidential Elections
Shytoshi Kusama published a blog stating the necessity of electing a president for the SHIB network. According to him, the elections will be a key element in achieving full decentralization of the project. The president will be elected through a DAO vote using BONE tokens.
Future President's Responsibilities
Kusama specified that the president will be responsible for "the transfer of power, well-being, future vision" and executing the guidelines outlined in the Shib Paper. They will also create a Congress structure consisting of four DAO councils, which is crucial for the financial responsibility of a $7 billion token.
Community Reaction to SHIB Elections
Lucie, the marketing lead of SHIB, reacted to Kusama's statement, noting that the team had been waiting for these elections for two years. "I just hope it's done in good faith and with the best intentions of real holders," she said.
The presidential elections for SHIB represent an important step in the project's decentralization strategy, and the future development of the network will depend on the candidates and active community participation.
