Shiba Inu Memecoin Prepares to Roll Out DAO
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The team behind Shiba Inu (SHIB), a Dogecoin-inspired meme coin, is preparing to launch a decentralized autonomous organization (DAO).
On Aug. 25, Lucie, Shiba Inu’s anonymous marketing lead, announced via X that this move will allow SHIB holders to vote on upcoming initiatives and shape the project’s future direction.
“Shib is preparing to become a key player in decentralized governance with the upcoming launch of its DAO,” Lucie wrote. “This transition will empower every holder, regardless of the size of their stake, to have a say in the community’s direction.”
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Further, two main councils will steer the DAO’s governance: the “Charity Council” and the “Culture & Heritage Council.”
Lucie mentioned that these councils will guide community projects. Their focus will range from participating in charitable activities to preserving the culture tied to the token’s community.
“While the DAO hasn’t been fully implemented yet, its introduction will mark a major milestone, giving Shibizens more control over decisions that impact the ecosystem,” Lucie added.
In contrast to conventional organizations, DAOs disperse authority among their members. In turn, this enables collective decision-making. Further, DAOs operate through smart contracts on the blockchain, which automatically enforce set rules. This minimizes the requirement for central management or supervision.
With a DAO launch, Shiba Inu aims to give its extensive community direct influence over the project’s direction. This approach aligns with the core principle of many cryptocurrencies, which emphasize community participation.
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