- SHIB marketing lead has revealed that the much-anticipated launch of the Shib Doggy DAO and Foundation is on the horizon.
- This decentralized model will empower token holders to vote on the platform’s critical decisions.
Shiba Inu has once again taken center stage once again. Via a post on the X platform, Shiba Inu’s marketing lead LUCIE announced that the much-anticipated launch of the Shib Doggy DAO and Foundation is on the horizon.
In a post on the X platform LUCIE shattered the tranquility concerning SHIB’s DAO. The Shiba Inu exec’s latest update stirred excitement among the SHIB community after she addressed her 147k followers stating “Shib’s DAO and Foundation are coming soon,” adding that this marks “the next chapter for Shib State” and sets the stage for a fully decentralized and autonomous future.
The Shib Doggy DAO will act as a governance system for the Shiba Inu ecosystem. This means that holders of SHIB, BONE, LEASH, and TREAT will have a say in the platform’s future. While many tokens have fallen short of the overall goal of complete decentralization, Cardano and what Shiba Inu is currently working towards are promising examples of projects aligning with this fundamental principle.
This decentralized structure allows token holders to vote on key issues such as community projects, technological advancements, and ecosystem changes, ensuring that the community’s voice is heard.
Additionally, Lucie also revealed that the governance system would be divided into four core areas, each managed by a different token. SHIB will govern community-driven initiatives, BONE will be responsible for powering technological advancements, LEASH will offer protection and exclusivity within the ecosystem, and TREAT will focus on community projects.
Also, in order to ensure that the community’s decisions are followed to the latter, the Shib Doggy DAO Foundation will provide a legal framework that wraps around the DAO, ensuring that all decisions are implemented appropriately.
Notably, this significant step showcases Shiba Inu’s commitment to full decentralization.
Shiba Inu Dao Hires Top Investment Firm
Reminiscing, the Shiba Inu team earlier revealed a collaboration with digital asset advisory and investment firm Alpha Transform Holdings (ATH) which boasts a team of veteran leaders from Disney, News Corp., and Nasdaq, which would be advising the foundation behind SHIB Doggy DAO.
Notably, the same team has previously advised blockchain projects including Ethereum and Tether.
Furthermore, Shiba Inu’s leader had recently hinted at 3 groundbreaking partnerships for the Shiba Inu ecosystem. Kusama had also hinted about major advancements coming to the SHIB Doggy DAO foundation in a blog post, saying it “is the first way we show the world we are no laughing matter.”
Meanwhile, despite the glad tidings, SHIB is struggling to keep its head above waters on the daily charts. Holding the 13th position by market cap, SHIB, at the time of writing is swapping hands with $0.00001779 marking a 4.62% decline in the last 24 hours. On the other hand, the digital asset has recorded a 7.11% and 31.74% surge in the past week and month respectively.
