Shiba Inu Lead Devs Plan Community Leadership Transition as ETFSwap (ETFS) Emerges to Dethrone the 'Dogecoin Killer'

The lead developers behind the popular ‘Dogecoin Killer’ Shiba Inu, Shytoshi Kusama and Kaal Dhairya, have recently revealed their plans

Shiba Inu developers Shytoshi Kusama and Kaal Dhairya are set to transition leadership of the project to the community by the end of the year, in line with its decentralized ethos. Meanwhile, a new cryptocurrency called ETFSwap is emerging as a strong contender to dethrone Shiba Inu as the “Dogecoin Killer.”

Shiba Inu Developers Plan Community Leadership Transition

In an exclusive interview with Arabian Business, Shytoshi Kusama revealed how a chance encounter with a tech-savvy passenger during a flight sparked his interest in cryptocurrencies. After initially dabbling in crypto trading, he became deeply involved with the growing Shiba Inu community and its development. Recognizing Dhairya's passion for technology, Kusama offered him a key role in the project's growth.

According to Kusama, Shiba Inu's vision extends beyond being just another cryptocurrency. Inspired by its creator Ryoshi's decentralized philosophy, Shiba Inu aims to empower its community to shape its future. This approach includes fostering a self-sustaining ecosystem where members organically contribute to its growth rather than relying on traditional crypto marketing strategies.

“We are not interested in marketing the project or hyping it up,” said Kusama. “Instead, we want organic growth where the community takes ownership of the project and drives it forward.”

Both Kusama and Dhairya believe that memes can serve as a gateway to the broader adoption of blockchain technology. They are confident in Shiba Inu's potential to bridge the gap between Web2 and Web3. With the ambitious goal of becoming a trillion-dollar decentralized crypto network, Shiba Inu is rolling out innovative features like ShibaSwap and offering multiple tokens.

“Our aim is to make Shiba Inu a Web3 decentralized crypto network that is valued at $1 trillion. We are introducing new features like the ShibaSwap and offering multiple tokens to achieve this goal,” added Dhairya.

As part of their efforts to further decentralize Shiba Inu's leadership, Kusama and Dhairya plan to establish committees by year-end to oversee various aspects of the project. These committees will be responsible for handling community feedback, legal affairs, events, and more.

With all these developments and utilities that Shiba Inu offers, it is no wonder the platform was able to flip Dogecoin (DOGE) when it launched. At the time of writing, Shiba Inu is trading at $0.00001946.

ETFSwap: The Next ‘Dogecoin Killer’

While Shiba Inu has maintained its presence in the market, a new cryptocurrency called ETFSwap has quickly become one of the most preferred cryptocurrencies for retail and institutional investors, especially during the presale stage, thanks to the unique utility it offers and its outstanding presale performance.

As the first of its kind, the DeFi platform tokenizes real-world ETFs, making trading these numerous class assets easy. By tokenizing these commodities, investors can easily swap crypto to invest right on the blockchain.

This is possible because ETFSwap partners with investment banks that are MiCa-complaint and deal with crypto and security. Together, they are able to tokenize these assets and integrate them into the DeFi platform.

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