Shiba Inu unveils its plan to dominate the crypto market in 2024
The giant of meme coins Shiba Inu $SHIB is making headlines again. In a surprise announcement, the team behind the 13th largest crypto by market capitalization revealed its intention to launch its own decentralized autonomous organization (DAO).Â
A natural evolution towards decentralization
Born in 2020 as a community experiment, Shiba Inu quickly transcended its status as a mere meme token. Under the direction of Shytoshi Kusama, SHIB has established itself as a key player in the crypto market. Transitioning to a DAO model represents the logical culmination of this evolution.
Lucie, Shiba Inuâs marketing manager, detailed the contours of this ambitious project in a post on X on August 25. âShib is preparing to become a key player in decentralized governance with the upcoming launch of its DAO. This transition will allow each holder, regardless of the size of their stake, to have a say in the communityâs direction.â
The implementation of this governance model will revolve around two main councils: the Charity Council and the Culture & Heritage Council. These bodies will be tasked with guiding community efforts and preserving the core values of the Shiba Inu ecosystem.
Beyond speculation, concrete applications
The ambition of Shiba Inu is not limited to decentralized governance. The project also aims to strengthen its foothold in the real economy.
 âSHIB is already accepted by thousands of merchants worldwide. Our goal is to further expand these practical use casesâ, emphasizes Lucie.
Lead developer Shytoshi Kusama also highlighted the crucial role of the LEASH token in this new ecosystem. âLEASH holders will act as moderators, ensuring system integrity while having voting power over disputesâ, he notes.
This evolution is accompanied by a leadership change. Kusama recently announced his intention to step down by the end of the year, paving the way for more community-driven governance.
At the time of writing, the price of SHIB stands at $0.0000141.
