In what could represent a defining moment for the future of Shiba Inu, the project’s head of marketing, Lucie, has revealed a string of plans, which include the establishment of a decentralized autonomous organization. The new project, designed to bring governance more directly into the hands of SHIB holders, raises salient questions about the future direction of this popular memecoin.
What is the Shiba Inu DAO?
The Shiba Inu DAO is going to be a game-changer for the project. According to a DAO, decentralized governance enables token holders to vote on vital decisions that will shape the project’s trajectory. In other words, each holder of SHIB, BONE, and LEASH will have a say in the future of Shiba Inu.
There will be two councils that will anchor the DAO: the Charity Council and the Culture & Heritage Council. From community outreach to the preservation of the unique culture that has defined Shiba Inu since its inception, these councils will guide the initiatives .
Why are SHIB holders excited?
A lot of excitement is going on with the DAO inside of the Shiba Inu community, where members are saying this is a significant stride toward real decentralization and allows every holder a voice.
The introduction of the DAO is seen as proper insurance that the project will really keep to its roots, all while raising up in the larger cryptocurrency world.
It will give SHIB holders the ability to vote on anything from development updates to charitable initiatives, ensuring that the values of the community are the first thing on the decision-making list.
So how will the DAO impact Shiba Inu’s future?
The launch of the DAO may have a more important consequence for the Shiba Inu project. In fact, by giving the community direct control over governance, Shiba Inu democratizes decision-making but, at the same time, potentially increases.
This may likely attract more users and investors; the project shifts from being just a memecoin to a serious community-driven initiative. The DAO’s decisions will not only impact the type of blockchain Shibarium is but also the developmental future of ShibaSwap itself—that is, its decentralized cryptocurrency exchange.
Tokens Involved in This DAO
The Shiba Inu ecosystem is a multi-token environment, with each token having its own use case under the governance framework of the DAO. Meanwhile, the SHIB holders will consequently be given voting rights for multiple proposals. BONE holders will also have the specific task, with those reported holding the LEASH.
Therefore, BONE is envisioned to give much thought to issues touching on education and innovation, with LEASH holders focusing on transparency and inclusivity. This multi-layered governance model will make sure that all aspects of the Shiba Inu ecosystem have proper representation and that the various interests within the community are well represented in the direction of the project
What’s Next for Shiba Inu?
With the DAO just about on the brink of release, there is a lot of speculation now among the Shiba Inu community about how it could potentially reshape the future of the project. The DAO is due for release in the upcoming few months, and with it, the SHIB holders will finally have never-before control over the project’s future. Meanwhile, the persistent SHIB team continues to work on other initiatives for the project, including Shibarium for further utility and scalability.
The Shiba Inu DAO is not another new feature; it is an affirmation for what is ahead in the project’s future. The world of crypto is watching, and one thing is clear: Could this be what lifts Shiba Inu to new heights? Everything is gearing up, and the SHIB community is just about to take their project’s drink by the horns—from project tokens to users.
SHIB traded at $0.00001503 at the time of publication:
Price and 1-day chart for Shiba Inus | Source: tradingview
