Home web3.0 Shiba Inu (SHIB) Is on the Cusp of a Significant Transformation as Its Decentralized Autonomous Organization (DAO) and the Shib Doggy DAO Foundation Are 'Coming Soon'

Shiba Inu (SHIB) Is on the Cusp of a Significant Transformation as Its Decentralized Autonomous Organization (DAO) and the Shib Doggy DAO Foundation Are 'Coming Soon'

Oct 18, 2024 pm 01:20 PM
Foundation Shiba Inu DAO

Lucie (@LucieSHIB), the marketing lead for Shiba Inu, announced via Twitter on October 17 that the Shiba Inu Decentralized Autonomous Organization (DAO)

Shiba Inu (SHIB) Is on the Cusp of a Significant Transformation as Its Decentralized Autonomous Organization (DAO) and the Shib Doggy DAO Foundation Are 'Coming Soon'

Shiba Inu is set to introduce a Decentralized Autonomous Organization (DAO) and a Shib Doggy DAO Foundation, according to an announcement by Lucie (@LucieSHIB), the marketing lead for Shiba Inu, on October 17 via X. This move signals a significant shift toward decentralization and community governance.

“The time is almost here. As we approach the 2024/2025 launch, the Shib ecosystem is at the cusp of a transformative shift that will put power into the hands of real holders,” stated Lucie. She highlighted that the upcoming DAO and Foundation will exclude “trolls” and “FUD-spreaders” who do not hold tokens but may attempt to influence the project’s direction negatively.

Shib Doggy DAO Foundation aims to legally encapsulate the DAO, ensuring that community decisions are properly executed. “The SHIB Doggy DAO Foundation will legally wrap around the DAO, ensuring that the decisions made by the community are properly executed,” explained Lucie. “It will manage assets like the Doggy Treasury and any future misallocations, providing transparency and security.”

This move is intended to demonstrate that Shiba Inu is “a serious player with a long-term vision,” distancing itself from projects that lack sustainable planning and community involvement. The DAO will empower holders of four key tokens—SHIB, BONE, LEASH, and the forthcoming TREAT—to participate in governance decisions.

The governance model will be divided into four distinct areas: SHIB governs the community itself, BONE powers Shiba Inu’s technology, LEASH offers protection and exclusivity, and TREAT empowers and funds community projects.

“A DAO is a governance system where holders of key tokens—Shib, Bone, Leash, and Treat—have the power to make crucial decisions,” noted Lucie. “This decentralized model ensures that the future of Shib is determined by those who believe in it, not by outside voices or short-term hype.”

Lucie emphasized that only genuine token holders will influence the project’s future. “What’s most important is that real holders will be the ones making the decisions that shape Shib’s future,” she said. “The trolls, FUD-spreaders, and naysayers in Telegram groups won’t have any influence because they don’t hold the keys to the ecosystem.”

She also issued a warning about fake versions of the TREAT token, which has not yet been released. “As I mentioned Treat above, remember it hasn’t been released yet,” cautioned Lucie. “So, if you hold any knock-offs, you won’t be able to participate in the DAO or any ecosystem dApps with them. Follow TREAT (@treatsforShib) for the real information.”

As the Shiba Inu ecosystem moves toward this new governance model, Lucie recognized that implementation would take time to optimize. “As this governance system is implemented, it will take time to perfect,” she admitted. “But once it’s fully operational, it will create a perpetual and autonomous system, ensuring the Shib ecosystem is built to last for the long haul.”

The imminent launch marks a significant development for Shiba Inu. “The launch is imminent, and the future of Shib is about to be put firmly in the hands of those who matter most: the community. Now is the time to be part of the revolution,” concluded Lucie. “The Shib Doggy DAO Foundation is proof that SHIB is more than just hype—it’s a serious movement ready to lead the way into the future.”

At press time, SHIB was trading at $0.00001776.

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