In a significant move towards decentralization, the popular meme coin Shiba Inu has announced plans to launch its decentralized autonomous organization (DAO). This development, revealed by the ecosystem’s lead marketer, Lucie, in an X post on Sunday, marks a pivotal moment for the Shiba Inu community.
The DAO will empower Shiba Inu holders to directly influence the direction of the ecosystem, granting them the right to vote on crucial decisions. Holders of Shiba Inu (SHIB), Shibarium’s governance token BONE, and memecoin Doge Killer (LEASH) will all have a say, regardless of the size of their holdings.
A New Governance Structure
The proposed DAO will be anchored by two councils: the Charity Council and the Culture and Heritage Council. These councils will work together to ensure the ecosystem remains aligned with its core values and fosters community inclusivity.
While the specific roles of each council are yet to be fully outlined, it’s clear that they will play a vital role in shaping the future of Shiba Inu. The councils will also oversee charitable initiatives and maintain transparency within the ecosystem.
The Role of Tokens
Each token in the Shiba Inu ecosystem will have a unique function within the DAO. BONE will be used to drive educational innovations, while LEASH will focus on ideas related to transparency and inclusivity.
Although the exact timeline for the DAO’s implementation remains unclear, Lucie emphasized that it will give Shibizens a greater degree of control over the network’s affairs. The new governance structure is also expected to expand the utility of SHIB.
Building on Recent Success
The DAO announcement comes on the heels of another significant milestone for Shiba Inu: the launch of the closed beta Web3 version of its Shiba Eternity game. This move is part of the ecosystem’s broader integration with Shibarium, the layer-2 blockchain designed specifically for Shiba Inu.
As Shiba Inu continues to evolve, the DAO represents a significant step towards a more decentralized and community-driven future. With the support of its dedicated community, Shiba Inu is well-positioned to capitalize on the growing interest in decentralized finance and blockchain technology.
