Shiba Inu's Upcoming DAO Launch: Community Takes the Reins

Shiba Inu (SHIB) is taking a bold step towards decentralized governance with the upcoming launch of its own DAO. This initiative will allow SHIB holders to vote on key decisions and shape the future of the memecoin project. 

According to Lucie, Shiba Inu’s pseudonymous marketing lead, this move is set to empower every community member. The size of their holdings to participate in the project’s direction will not matter.

Two Councils to Guide Governance

The governance of the Shiba Inu DAO will be overseen by two primary councils: the "Charity Council" and the "Culture & Heritage Council." These councils will steer community-driven initiatives.

They will range from charitable outreach programs to preserving the unique culture that the Shiba Inu community cherishes. This structure ensures that every decision made aligns with the community’s values and goals.

Expanding SHIB Ecosystem Utility

Shiba Inu's DAO will also incorporate other tokens from the SHIB ecosystem, such as Bone ShibaSwap (BONE) and Doge Killer (LEASH). BONE holders will focus on advancing education and innovation, while LEASH holders will prioritize inclusivity and transparency. 

This approach will further expand the utility of the SHIB ecosystem, enhancing its appeal to a broader audience. Recently, the SHIB team also announced that ShibaSwap has successfully migrated to the project’s in-house Shibarium blockchain. 

However, the price of SHIB remains steady at $0.00001514, despite the recent announcements. With a market cap of $8.9 billion, SHIB remains one of the top cryptocurrencies, though it’s still down 82.4% from its all-time high. 

The DAO launch could mark a significant turning point for the community. This will bring renewed focus and purpose to the memecoin’s future.