SHIBA Inu Gears Up for DAO Launch, Promises Greater Influence for All SHIB Holders

Key Takeaways

• Shiba Inu is to launch its own DAO, aiming to give SHIB holders more control over the project’s direction.
• The DAO will ensure that the project remains aligned with its core values.
• Despite the DAO announcement, SHIB’s price remained stagnant, underperforming compared to other meme coins.

Shiba Inu, the popular meme coin, is taking a significant step towards decentralization with plans to launch its own Decentralized Autonomous Organization (DAO).

According to a recent tweet  from Shiba Inu’s marketing lead, Lucie, the DAO is set to give holders of the SHIB token more control over the project’s direction.

The move is seen as a major development for the Shiba Inu community, and Lucie’s update has sparked interest among holders and enthusiasts alike.

Shiba Inu to Empower Community with SHIB DAO

According to Lucie, the upcoming DAO launch will be a significant milestone for Shiba Inu, marking a major step towards decentralization and community empowerment.

While the DAO is not yet fully operational, Lucie emphasized that it will give the SHIB community greater influence over decisions that impact the ecosystem.

The SHIB DAO will feature two primary councils, Lucie explained.

The charity council will focus on charitable activities, while the culture and heritage council will work to preserve the unique culture of SHIB.

This will ensure that the coin’s development remains aligned with its core values of transparency and inclusivity.

Lucie also took a moment to reflect on Shiba Inu’s origins, noting that the coin was created without a specific purpose in mind.

Despite this, it has evolved under the guidance of Shytoshi Kusama and gained widespread acceptance, with thousands of merchants worldwide now accepting it as a form of payment.

Lucie pointed out that the coin’s integration into daily transactions has demonstrated its relevance and staying power.

About the Author

Teuta Franjkovic

Teuta is a seasoned writer and editor with more than 15 years of experience. She has expertise in covering macroeconomics and technology as well as the cryptocurrency and blockchain industries. She has worked for several publications as a journalist and editor, including Forbes, Bloomberg, CoinTelegraph, Coin Rivet, CoinSpeaker, VRWorld and Arcane Bear. Teuta began her professional career in 2005, working as a lifestyle writer at Cosmopolitan in Croatia. From there, she branched out to several other publications, covering mainly business and the economy. She then turned her attention to the world of cryptocurrency and blockchain, believing that crypto is among the most important inventions in the history of humanity. Her involvement in fintech began in 2014 and she has since lent her expertise in writing, editing and gathering information about the world of crypto, blockchain, NFTs and Web3. An all-round news hound, mentor, editor, and writer, Teuta enjoys teamwork and good communication. She holds a WSET2 diploma and has a thing for chablis, punkrock music and shoes. She also holds a double MA in Political science and Entrepreneurship.

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