The Shiba Inu community is currently voting on an important proposal that affects how funds will be used and how the platform’s governance will evolve. The proposal involves deciding what to do with 37.5 ETH from Welly’s, a project partnered with Shiba Inu.
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The community has four options:
1. **Escrow Option:** The funds are held in a new multi-signature wallet. A group of signers, chosen by the community, will decide how the funds are used.
2. **Burn Option:** The funds will be used to buy and burn SHIB tokens, reducing the total supply.
3. **Community Projects:** The funds will be used for community projects, but the decisions will be made by the wallet holder without community input.
4. **Stop Funding:** The wallet owner keeps the assets and stops funding the ecosystem.
The vote began on August 31 and will end on September 4. So far, most users (98.4%) favor the burning option, while a small percentage prefer the escrow option.
The recent market downturn has not significantly affected the SHIB price, which has been recovering slightly. However, some community members believe that this proposal will encourage more participation and potentially drive up the price in the future.
**Disclaimer:** This content is for informational purposes only. Always do your own research and use caution when investing in cryptocurrencies.
