Shiba Inu (SHIB) Takes Things to the Next Level With a Decentralized Autonomous Organization (DAO)

Shiba Inu has long tried to position itself as more than just a meme coin. The popular cryptocurrency paying homage to the community's favorite fluffy puppy

Shiba Inu (SHIB) has unveiled plans to launch a decentralised autonomous organisation (DAO) to hand governance powers to its community.

Currently the world’s second-biggest meme coin, Shiba Inu has made no secret of its ambitions to become more than just a meme coin, having launched a decentralised exchange, native blockchain and liquidity mining.

Now, the project’s DAO will further expand the SHIB ecosystem, with two councils to be formed: the Charity Council and the Culture & Heritage Council.

Shiba’s Charity Council will focus on expanding the utility of SHIB tokens while also contributing to charities that align with the token’s vision.

Meanwhile, the Culture & Heritage Council will keep an eye on maintaining Shiba’s fundamentals and representing the community’s ideals.

Shiba Inu’s DAO will “empower every holder, regardless of the size of their stake, to have a say in the community’s direction.”

The post announcing the project’s DAO went on to say:

The use of SHIB as a mode of exchange appears to be a key goal of the cryptocurrency’s developers going forward. The team believes that entrenching Shiba as a legitimate currency – rather than a “buy and hold”, like many other tokens – will deliver the project staying power to weather unpredictable market conditions.

How exactly the DAO will operate in tandem with the current Shibarium ecosystem is unclear, however, the project’s commitment to developing real-world utility is a positive sign for the community.

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