Waivly

Share this post
Shiba Inu launches beta version of DAO
www.waivly.com
Crypto

Shiba Inu launches beta version of DAO

A step towards decentralization

Jan 2
Comment
Share
Meme Coin Shiba Inu Surpasses Doge By Market Cap As Supporters Petition  Robinhood To List It

The second-largest crypto meme token, Shiba Inu has launched a beta version of a decentralized autonomous organization (DAO).

⠀

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.

⠀

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.

⠀

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.

⠀

For more from us at Waivly, join our free fun-to-read and to-the-point newsletter enjoyed by hundreds of people across the internet every day of the week 👇

CommentComment
ShareShare

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

TopNewCommunity

No posts

Ready for more?

© 2022 Waivly
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing