JAKARTA – Recently the developer Shiba Inu (SHIB) plans to launch the first phase of DAO 1. This will allow SHIB token holders to participate in the development of the SHIB project.
DAO 1 will provide the power and control of the SHIB community including those who will decide which crypto pairs for ShibaSwap WOOF Pools. This was announced by the developer in the Shibaswap blog post. In addition, the community will also have the final say on how the BONE tokens will be allocated.
DOGGY DAO is here. Woof!https://t.co/5sEZX50Z1j
— Shib (@Shibtoken) December 31, 2021
DOGGY DAO allows SHIB holders to assist available projects by voting. This is SHIB's step towards a fully decentralized community. The developers are releasing DOGGY DAO 1 on January 3rd tomorrow. DOGGY DAO will also be run and fully controlled by the Shiba Inu community.
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According to Benzinga, the Shiba Inu noted that to avoid the possibility of the pope controlling the voting process, holders will have the final say on whether a couple should be registered or not.
If DAO 1 is released successfully, there will be DAO 2 which will allow the community to create general proposals for review by the “Multisig Team, and Breeds.” This is one of the latest developments from developer Shiba Inu.
In addition there is still a Shibarium project to be released. The Shibarium project enables the reduction of transaction costs and is an important step for the Shiba Inu ecosystem.
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