The second-largest crypto meme token, Shiba Inu has launched a beta version of a decentralized autonomous organization (DAO).
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Announced in a blog post on Friday, Shiba Inu’s development team revealed the launch of a “Doggy DAO” in order to reward SHIB users and take a step closer to becoming fully decentralized.
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The DAO’s first phase will focus on “providing immediate power to the community to decide which crypto projects and pairs on the ShibaSwap WOOF Pools will be, and how the $BONE rewards (Allocation Points) are to be distributed amongst them,” the team said.
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Once the first phase is complete, Shiba Inu will release a newer version, called “DAO 2,” to allow the community to make general proposals around the development of the project that will be reviewed by SHIB’s Multisig-Team, and Breeds.
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