The Shiba Inu community is entering a new phase with the first elections in its history, but this event has sparked criticism regarding current leadership and decentralization.
Elections and Decentralization
The lead developer of the Shiba Inu token, Shytoshi Kusama, announced elections intended to symbolize a transition to decentralized governance. According to the announcement, candidates will be able to submit profiles, participate in debates, and be elected through token-weighted voting. However, many point out that the Shiba Inu Foundation will retain veto power, raising doubts about true decentralization.
Criticism and Internal Conflicts
Internal criticism intensified as the WoofSwap project called for better leadership, stating: 'We don’t need an incompetent president.' Some community members point to discrepancies between promises and actual achievements, such as the activation of 100 validators and the goal of onboarding one billion users.
How Elections Will Take Place
The elections will unfold in three phases: open nominations, a debate phase, and final voting. The process includes KYC and signing a NDA. While community voting is central to the process, the foundation reserves veto rights over candidates deemed unfit.
Despite existing disagreements, the Shiba Inu community elections raise important questions about the future of decentralization and governance within the ecosystem.
