thecryptobasic.com
Shiba Inu hints at the imminent launch of Shib Doggy DAO and its foundation, marking a transformative shift in the ecosystem’s governance from centralized to decentralized model.
In a lengthy X post yesterday, Shiba Inu’s marketing lead Lucie said the new governance model is expected to launch by 2024/2025.
According to her, the DAO will empower holders of Shiba Inu ecosystem tokens, such as SHIB, LEASH, BONE, and TREAT, to make crucial decisions regarding the cryptocurrency.
These holders will vote on important initiatives, ranging from technological advancements to community projects. The DAO will ensure token holders determine Shiba Inu’s future rather than short-term speculators or external actors.
Functions of Shib Doggy DAO Foundation
Notably, Lucie emphasized that the upcoming Doggy DAO Foundation will legally oversee the DAO. The foundation will ensure that the ecosystem team executes the community’s decision, expressed through the DAO voting exercises.
Furthermore, the marketing specialist said the foundation will also perform other functions, such as managing assets within the Doggy Treasury, preventing misallocations, and providing security as well as transparency.
Shiba Inu’s potential shift to decentralized governance portrays the cryptocurrency as a serious project with a long-term vision.
Roles of Shiba Inu Tokens in Governance
Per Lucie, the Doggy DAO will be split into four key areas, with SHIB, LEASH, TREAT, and BONE serving as governance tokens for each sector.
Notably, SHIB will govern the community, while BONE will power Shiba Inu’s technology, including Shibarium. The upcoming TREAT token will fund and empower all community projects. Lastly, LEASH will offer protection and exclusivity to Shiba Inu community members.
Token Holders, Not Naysayers Will Shape Shiba Inu’s Future
Lucie noted that it might take a while before the Doggy DAO attains perfection upon its initial launch. Once operational, Lucie expects the system to create an autonomous structure, allowing real holders to shape Shiba Inu’s future.
Interestingly, she said trolls and naysayers across Telegram groups will no longer be influential within the cryptocurrency as they do not possess the ecosystem keys.
She indicated that the launch of Doggy DAO and its foundation is on the horizon, emphasizing that the move will give the community control over Shiba Inu’s future direction.
“The Shib Doggy DAO Foundation is proof that [Shiba Inu] is more than just hype—it’s a serious movement ready to lead the way into the future,” she remarked.