Shytoshi Kusama, the creator of the popular dog-themed memecoin Shiba Inu, has shared a blog post with exciting news. He announced Shibapendance Day as a remarkable achievement for the Shib community. The blog post from the Shiba Inu (SHIB) has sparked excitement around the crypto community.
拝啓初蝉の候 シバアーミーにおかれましては益々のご健勝のこと心よりお慶び申し上げます。さて･･････https://t.co/L3l7SPLXK9略儀ながらブログにてお知らせいたします。酷暑が続きますが、くれぐれも体調を崩されませぬよう、ご自愛ください。
— Shytoshi Kusama (@ShytoshiKusama) July 6, 2023
On June 6, Shytoshi Kusama tweeted a blog post. In the blog post, he mentioned that after joining the Shiba Inu, he was faced with the question of whether it was possible to build a leaderless, 100% decentralized, autonomous, and persistent community. Moreover, he stated that publishing a paper might be stressful, so he decided to release a small blog post.
Shytoshi Kusama Launches the First Decentralized ShibaSwap
The main focus of the announcement is the launch of ShibaSwap, the first truly decentralized exchange associated with the Shiba Inu ecosystem. By bringing about the new era of a truly decentralized exchange, he announced the Shibapendance. Kusama emphasized the importance of decentralization. Moreover, Bone is to be the major token for ShibaSwap and the other ecosystems.
According to Shytoshi, to properly execute the goal, Shiba Inu needs structure, technical and practical. So that the ecosystem can govern itself, and the DAO will consist of the holders of tokens in the Shib ecosystem. With this new development, Shiba Inu aims to create a way for a decentralized future and provide financial opportunities for individuals.
Kusama highlighted that Bone, the Shiba Inu’s governance token, supports technology in the community. The Leash maintains control over community protection and also offers exclusivity. Moreover, Treat governs and enhances community projects.
At the time of writing, the trading price of Shiba Inu is around $0.000007474, with an increase of over 0.47% in the last 24 hours. The trading volume of the SHIB has experienced a decline of over 28.69%, according to CoinMarketCap.