The Shiba Inu development team announced plans to launch their own Decentralized Autonomous Organization (DAO). By taking this step, Shiba Inu will be able to provide tangible utility and more recognition.
Empowering the Community
The Shiba Inu DAO will empower its community members, often referred to as “Shibizens,” by giving them a voice in the project’s future direction. Lucie, Shiba Inu’s marketing strategist, explained that the DAO will allow SHIB holders to vote on various initiatives that will shape the platform's evolution. Every stakeholder, regardless of stake size, would have the opportunity to participate in decision-making.
Governance Structure and Councils
The governance structure of the Shiba Inu DAO will be anchored by two key councils: the Charity Council and the Culture & Heritage Council. The Charity Council will focus on charitable outreach, while the Culture & Heritage Council will work to preserve the unique culture that defines the Shiba Inu community. The DAO governance process will involve not only Shiba Inu’s native SHIB holders but also those holding other tokens within the ecosystem, such as LEASH and BONE. The holders of BONE tokens will have a significant role in driving innovation and education, while LEASH holders will focus on proposals related to transparency and inclusivity.
A Step Toward True Decentralization
The announcement of the DAO comes after another major development within the Shiba Inu project. Two anonymous developers, known by the nicknames Shytoshi Kusama and Kaal Dhairya, have revealed plans to step back by the end of the year. They will hand over full control of the project to the community. Kusama clarified that this transition is not about abandoning the project but rather “empowering the community even more than they already have.” Earlier this year, Shiba Inu made another significant move by successfully migrating ShibaSwap, the decentralized exchange (DEX) within the Shiba Inu ecosystem, to its native Shibarium blockchain. The launch of the DAO is expected to integrate with Shibarium and ShibaSwap, allowing for more streamlined governance and enhanced community participation. While Shiba Inu has always been decentralized in terms of its governance and ecosystem, the actual level of decentralization will depend heavily on the community’s engagement.
The launch of the DAO is a significant step for Shiba Inu towards true decentralization. The future development of the project will largely depend on the activity and engagement of the community.
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