In a post on X on August 25, Shiba Inu (SHIB) announced its intention to create a decentralized autonomous organization (DAO). advertisement This was detailed by Shiba Inu’s Marketing Director, Lucy (@LucieSHIB).
Shiba Inu’s vision of a decentralized, autonomous organization
Shiba Inu is currently ranked 13th by market cap, Lucy confirmed, a testament to its meteoric rise since its creation in 2020 by a mysterious founder known only as Ryūshi. Shiba Inu was initially designed as a token with no pre-defined purpose, to explore the possibilities of a fully community-driven cryptocurrency. Ryūshi’s relinquishment of control by burning the token’s supply keys was a pivotal moment, handing the project over to Chitoshi Kusama and a team of volunteers.
Under Kusama’s leadership, Shape has moved beyond its origins as an experimental token to become a globally recognized digital asset. The upcoming shift to a DAO model aims to further empower its community by democratizing governance processes. Lucy revealed:
“Shib is poised to become a major player in decentralized governance with the upcoming launch of its Autonomous Autonomous Organization. This shift will enable every holder, regardless of stake size, to have a say in the direction of the community. While the Autonomous Autonomous Organization has not yet been fully implemented, its introduction will mark a major milestone, giving Shibizen users more control over decisions that impact the ecosystem.”
Shape’s governance model will be based on two main boards: the Philanthropy Board and the Culture and Heritage Board. These bodies will play critical roles in guiding community efforts and ensuring Shape’s growth is aligned with its core values. The Philanthropy Board will focus on charitable activities, leveraging crypto resources and community support to create social change, while the Culture and Heritage Board will work to preserve the unique culture and ethos that has come to define the Shape community.
Furthermore, Shib’s CMO highlights the integration into real-world use cases to ensure long-term relevance and utility. “The growth of Shib is not just about market performance; it’s also about tangible utility and widespread recognition. Accepted by thousands of merchants around the world, Shib has proven itself as a valuable asset with real-world applications, making it stand out in the competitive crypto space,” Lucy wrote.
Looking ahead, Shib’s strategic roadmap includes not only enhancing its governance framework but also expanding its real-world applications. The introduction of the DAO is seen as a crucial development that is likely to boost Shib’s influence in the decentralized finance (DeFi) space.
“As Shib continues to evolve, its role in governance and real-world applications will only grow stronger. Shib’s rise from a community experiment to a leading cryptocurrency demonstrates the power of decentralized initiatives driven by passionate communities. More than just a token, Shib is paving the way for how decentralized projects can redefine both finance and governance,” says Lucy.
In addition to Lucy’s visions, Shiba Inu’s lead developer Chitoshi Kusama available More details on the importance of the LEASH token within the ecosystem. Kusama explained via X: “Leash holders act as a class of stewards to maintain and protect the system, with the ability to vote on disputes in the Leash DAO. Shibizens are protected by karma, reputation, and other ownership protocols.”
It is worth noting that Kusama recently indicated that he will step down as the leading figure of Shiba Inu by the end of the year, which could pave the way for the introduction of the DAO.
At the time of publishing this report, SHIB stock was trading at $0.00001495.
Featured image by Shutterstock, chart by TradingView.com
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