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REGULATION
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8 months ago

Shiba Inu plans to launch its own decentralized autonomous organization (DAO)

2024-08-28

REGULATION
by
8 months ago


Shiba Inu has announced a plan to launch a decentralized autonomous organization (DAO) to give SHIB holders a say in the project’s future direction. This move aims to enhance community involvement and governance within the Shiba Inu ecosystem.

 

Pseudonymous marketing lead “Lucie” shared the details in a post on X on August 25, 2024:

 

“Shib is preparing 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 community’s direction. While the DAO hasn’t been fully implemented yet, its introduction will mark a major milestone, giving Shibizens more control over decisions that impact the ecosystem.”

 

The DAO will feature two primary councils: the “Charity Council” and the “Culture & Heritage Council”.

 

These councils will oversee various initiatives, from charitable outreach to preserving the unique culture of the Shiba Inu community.

 

Additionally, other tokens in the SHIB ecosystem, such as BONE and LEASH, will play roles in the governance process.

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