Shiba Inu (SHIB) Doggy DAO Foundation and Governance Model Set to Launch, Promises to 'Put Power into the Hands of Real Holders'

Shiba Inu's much-anticipated Decentralized Autonomous Organization (DAO) and Foundation are set to launch soon. This launch will offer the SHIB community higher authority in the ecosystem's affairs.

Shiba Inu (SHIB) is gearing up for a major launch, as its Decentralized Autonomous Organization (DAO) and Foundation are set to launch soon. This launch will give the SHIB community greater authority in the ecosystem's affairs.

One of the key aspects of the upcoming DAO is the establishment of the Shiba Inu Doggy DAO Foundation. This legal entity will be responsible for overseeing the execution of community decisions, ensuring they are implemented correctly, and protecting against misallocation of assets.

The Foundation will also manage assets like the Doggy Treasury to provide both transparency and security to the ecosystem. As Lucie puts it, this move demonstrates that "Shib isn't just another project—it's a serious player with a long-term vision."

Moreover, governance within the DAO will be divided across four key areas, with each token serving a specific function. SHIB will govern the community, BONE will power the project's technology, LEASH will offer protection and exclusivity, and TREAT will fund community projects. This clear division of responsibilities is intended to ensure a smooth and decentralized decision-making process.

According to a recent X update by the project's marketing lead, Lucie, the SHIB ecosystem is on the verge of a major transformation with the upcoming launch in 2024/2025. She describes the DAO launch as a move to "put power into the hands of real holders."

The introduction of Shiba Inu's DAO will mark a critical milestone in the project's evolution. The DAO will give the community a governance model that empowers holders of SHIB, BONE, LEASH, and TREAT tokens to make essential decisions about the project's future.

As Lucie emphasizes, this system ensures that "the future of Shib is determined by those who believe in it, not by outside voices or short-term hype." For further context, a Decentralized Autonomous Organization, or DAO, operates without centralized control. Hence, it allows token holders to vote on key decisions such as community initiatives and technological advancements.

According to Lucie, the governance system will "take time to perfect.” However, ultimately it will create a “perpetual and autonomous system” where the community takes charge of SHIB's direction.

As a reminder, the Shiba Inu (SHIB) price琬s 3% down at $0.00001781 with a market cap of $10.50 at press time. The SHIB price has largely remained range-bound trading between $0.000016 and $0.000018. For SHIB to start a decisive rally, it must break past $0.000019, per the CNF report.

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