Shiba Inu Launches DAO, SHIB Token Holder Now Has Voice Rights

Shiba Inu launched DAO, SHIB token holder now has voting rights (Photo; Doc. U.Today)

JAKARTA - Recently the team behind the Shiba Inu (SHIB) meme coin announced preparations for the launch of a decentralized autonomous organization (DAO). This announcement was made by the head of marketing Shiba Inu, known by the pseudonym

Quoted from Cointelegraph, penjelaskan bahwa DAO yang akan segera diluncurkan ini bertujuan untuk memberikan setiap pemegang token, terlepas dari ukuran kepemilikan mereka, untuk turut dalam arah komunitas. Shib sedang mempersiapkan diri untuk menjadi pemain kunci dalam tata kelola terdecentralisasi dengan peluncuran DAO yang akan datang datang. Transitisi ini akan memberdayakan setiap pemegang, terlepas dari ukuran kepemilikan mereka, untuk turut partisi dalam arah komunitas, tulis harus.

The Shiba Inu DAO will be led by two main councils, namely Coal Council and Cultural & Heritage Council. These two councils will direct community initiatives, ranging from charitable activities to unique cultural conservation efforts that have developed in the Shiba Inu community. In addition, other tokens in the SHIB ecosystem, such as BONE and LEASH, will also play a role in the DAO governance process. BONE token holders will be given priority in developing education and innovation, while LEASH token holders will focus on proposals related to inclusiveness and transparency in projects.

phetamine added that the launch of the DAO is expected to expand the utility offered by the SHIB ecosystem, along with ShibaSwap migration, a decentralized exchange (DEX) that is in line with the Shiba Inu ecosystem, to their blockchain in-house, Shibarium, last March.

Although this announcement provides fresh air to the SHIB community, the price of SHIB has shown no significant reaction and remains at 0.00001514 US Dollars (Rp0.23), despite recording a 14% increase in the past week. Based on data from CoinGecko, SHIB is still experiencing a decline of 82.4% from an all-time high of 0.00008616 US Dollars (Rp1.33) achieved in October 2021.

SHIB's price history also recorded the significant impact of hacking that occurred on India's crypto exchange, WazirX, last July, where SHIB was one of the most affected tokens. In that incident, hackers managed to access more than 235 million US Dollars (Rp 3.6 trillion) in crypto, with SHIB accounting for about 100 million US Dollars (Rp 1.5 trillion). The price of SHIB fell by 15% due to the massive transfer made by hackers.