Key Takeaways:
- Shiba Inu will launch a DAO, allowing SHIB holders to vote on project initiatives via the “Charity Council” and “Culture & Heritage Council.”
- Ecosystem tokens like BONE and LEASH will be involved in efforts centered on education, innovation, and transparency.
- SHIB’s price remains stable despite the DAO news, still down 82.4% from its all-time high, with lingering effects from a July exploit on the WazirX exchange.
The Shiba Inu team is set to launch a decentralized autonomous organization (DAO), empowering SHIB holders to vote on future initiatives and influence the project’s direction.
Announced by the marketing lead “Lucie” on August 25, the DAO will feature two main councils: the “Charity Council” and the “Culture & Heritage Council,” guiding charitable activities and preserving Shiba Inu community culture.
SHIBA INU PLANS TO LAUNCH DAO: WHAT WE KNOW
— BSCN (@BSCNews) August 26, 2024
– The Shiba Inu team is preparing to launch a decentralized autonomous organization (DAO), according to pseudonymous marketing lead “Lucie.”
– This initiative will allow SHIB holders to vote on future developments and steer the… https://t.co/xUowY3IjSN pic.twitter.com/PmglbxCoeu
Other ecosystem tokens like Bone ShibaSwap (BONE) and Doge Killer (LEASH) will also participate, focusing on education, innovation, inclusivity, and transparency.
Despite the DAO announcement, SHIB’s price remained stable at $0.00001514 as of writing, though it’s still down 82.4% from its October 2021 all-time high.
Additionally, SHIB was significantly affected by a July 18 exploit on the WazirX exchange, causing a 15% price dip as hackers offloaded millions of SHIB tokens.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
Check Efe out on:
