The Shiba Inu is on the cusp of a major transformation. Lucy (@LucieSHIB), Shiba Inu Marketing Director, Announce X expressed on October 17 that the Shiba Inu Decentralized Autonomous Organization (DAO) and the Shib Doggy DAO Foundation were “coming soon,” signaling a pivot toward decentralization and community governance.
“The time is almost here. As we approach the 2024/2025 launch, the Shib ecosystem is on the verge of a transformative shift that will put power in the hands of its rightful owners. She stressed that the DAO and the upcoming foundation are designed to weed out “trolls” and “FUD spreaders” who do not hold tokens but They may try to influence the direction of the project negatively.
Why Shiba Inu DAO and Foundation?
The Shib Doggy DAO Foundation aims to legally encapsulate the DAO, ensuring that community decisions are properly implemented. “The SHIB Doggy DAO will legally wrap around the DAO, ensuring that decisions made by the community are properly implemented,” Lucy explained. “Assets like Doggy will manage the treasury and prevent any future misallocation, providing transparency and security.”
The move aims to demonstrate that the Shiba Inu is a “serious player with a long-term vision” and distances itself from projects that lack sustainable planning and community engagement. The DAO will enable holders of the four major tokens – SHIB, BONE, LEASH, and the upcoming TREAT – to participate in governance decisions.
The governance model will be divided into four distinct areas: SHIB governs the community itself, BONE supports Shiba Inu technology, LEASH provides protection and exclusivity, and TREAT empowers and funds community projects.
“A decentralized autonomous organization (DAO) is a governance system in which the holders of the major tokens – Shib, Bone, Leash, and Treat – have the power to make crucial decisions,” Lucy noted. “This decentralized model ensures that the future of the Sheep Region is determined by those who believe in it, not by outside voices or short-term hype.”
Lucy stressed that only real token holders will influence the future of the project. “What’s most important is that the real owners will be the ones making the decisions that shape Shep’s future,” she said. “Trolls, FUD spreaders, and naysayers in Telegram groups will have no impact because they do not hold the keys to the ecosystem.”
It also issued a warning about fake versions of the TREAT token, which have not yet been released. “As I mentioned Cure above, remember it hasn’t been released yet,” Lucy warned. “So, if you have any fake products, you will not be able to participate in the DAO or any dApps system with them. Follow TREAT (@treatsforShib) to get the real information.
As the Shiba Inu ecosystem moves toward this new management model, Lucy acknowledged that the implementation will take time to perfect. “With this governance system in place, it will take some time to perfect,” she admitted. “But once it is fully operational, it will create a permanent, autonomous system, ensuring the Shib ecosystem is built to last.”
The imminent launch marks an important milestone for the Shiba Inu. “The launch is imminent, and the future of Shib is about to be firmly placed in the hands of the people that matter most: the community. It’s time for us to be part of the revolution,” Lucy concluded. “The Shib Doggy DAO Foundation is proof that SHIB is more than just hype “It is a serious movement ready to lead the way into the future.”
At press time, SHIB was trading at $0.00001776.
Featured image created with DALL.E, a chart from TradingView.com