Shiba Inu is quickly taking a major turn with the impending debut of its Decentralized Autonomous Organization (DAO) and SHIB Doggy DAO Foundation.
Lucie said, this shift is expected to occur between 2024 and 2025, enabling the community to have more control over the project’s future by empowering token holders.
Voters will be able to cast votes to guide the future direction of the DAO using the core tokens of Shiba Inu, SHIB, Bone, Leash and soon Treat.s. A decentralized model of this will then allow the community to power the vote on important matters, such as technological advancements and community projects.
Shiba Inu Ensures Community Transparency
The main objective of the project is to achieve decentralization of the control so that it would be free from external pressures or hype and would decide issues according to those who have the most active interest in Shiba Inu’s future.
This transformation is a key part of this the introduction of the SHIB Doggy DAO Foundation will encapsulate the DAO within, forming a legal, financial framework to support and ensure community decisions are executed properly. The Doggy Treasury will also be managed by the foundation, which prevents any mismanagement of money and provides a little extra transparency on how funds are spent.
Shiba Inu’s governance system will be divided across its core tokens, each playing a distinct role in the ecosystem: Bone will support the project’s technology, Leash will give exclusivity and protection, and Treat will be used to finance community initiatives governed by SHIB.
The whole ecosystem channeled through this multi layered structure will ensure at its every layer that it will be taken care to work efficiently. Although as such, the transition to full decentralization might take some time, Lucie is absolutely certain that once they are running, they will run autonomously and self sustaining and self governing as well.
Shiba Inu’s move positions the token as not merely a meme token, but as its vision of the crypto future continues to focus on being a sustainable and community-led cryptocurrency.
