Shiba Inu, the most popular memecoin after Dogecoin (DOGE), is preparing to launch a decentralized autonomous organization (DAO) that gives voting rights to all SHIB holders.
Launching DAO for Shiba Inu
The team's pseudonymous marketing lead, Lucie X, shared that the DAO will allow SHIB holders to vote on future projects and influence the direction of the Shiba Inu ecosystem, regardless of the size of their stake. "Shib is poised to become a key player in decentralized governance with the upcoming launch of its DAO. This transition will empower every holder, regardless of the size of their stake, to have a say in the direction of the community. While the DAO has not yet been fully implemented, its introduction will mark a significant milestone by giving Shibizens greater control over decisions that impact the ecosystem."
Roles of BONE and LEASH Tokens in DAO
Other tokens in the SHIB ecosystem, including Bone ShibaSwap (BONE) and Doge Killer (LEASH), will also play a role in the DAO governance process. BONE holders will be prioritized for expanding education and innovation, while LEASH holders will focus on offerings related to inclusivity and transparency within the project.
Current SHIB Value and Future Plans
SHIB, which has increased by 15% in the last week, continues to be traded at $0.00001504 at the time of writing. The implementation of the DAO is expected to have a significant impact on the further development and governance of the Shiba Inu ecosystem.
The launch of the DAO for Shiba Inu promises to strengthen decentralized governance by giving all SHIB holders the ability to influence the future of the ecosystem. This initiative is expected to attract more attention to the project and increase community engagement.
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