Shiba Inu Announces DAO Plans
Shiba Inu (SHIB) unveiled its decentralized autonomous organization (DAO) plans on X on August 25. Lucie, Shiba Inu's marketing lead, explained the news.
The Shiba Inu DAO Vision
Lucie noted that Shiba Inu is the 13th biggest cryptocurrency by market capitalization, a testimony to its rapid increase since Ryoshi's 2020 founding. Shib was created as a token without a purpose to test a community-driven cryptocurrency. After burning the token's supply keys, Ryoshi handed over authority to Shytoshi Kusama and a team of volunteers.
Shib has grown from an experimental coin to a worldwide digital asset under Kusama. The DAO model will democratize governance and empower its community. Lucie revealed:
By launching the DAO, Shib plans to become a decentralized governance leader. This transformation will allow all stakeholders, regardless of stake size, to influence community direction. The DAO's implementation will give Shibizens greater authority over ecosystem choices.
The marketing lead teases integration into real-world use cases to guarantee long-term relevance and value. Besides market success, Shib's growth is driven by actual usefulness and broad awareness.
Shib plans to improve its governance system and increase its real-world applications. The launch of a DAO is expected to boost Shib's impact in decentralized finance (DeFi).
âShib will strengthen its governance and real-world applications as it develops. Shib's ascent from community experiment to top coin shows the potential of enthusiastic communities driving decentralized projects.
In addition to Lucie's views, Shiba Inu main developer Shytoshi Kusama explained the LEASH token's ecosystem value. âLeash holders moderate the Leash DAO, protecting the system and voting on disputes. Kusama told X that karma, reputation, and unique mechanisms safeguard Shibizens.
Kusama recently indicated that he would stand down as Shiba Inu's leader before the end of the year, presumably to make room for the DAO.
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