Shiba Inu marketing lead Lucie announced the launch of the ecosystem’s DAO, stating that it would get the community more involved in decision-making.
Popular dog-themed meme coin Shiba Inu has unveiled plans to launch its decentralized autonomous organization (DAO). The ecosystem’s lead marketer, Lucie, made this known in an X article on Sunday.
Lucie noted that the move was part of Shiba Inu’s dive into a more decentralized, community-driven governance system. The pseudonymous marketing lead said that the DAO would give holders of assets in the Shiba Inu ecosystem the right to decide the future of the ecosystem.
These exclusive rights are for holders of Shiba Inu (SHIB); Shibarium’s governance token, BONE; and memecoin Doge Killer (LEASH). Lucie added that the contributions of every holder would count, regardless of the size of their portfolio.
A New Governance Structure
The new governance system would be anchored on two councils: the Charity Council and the Culture and Heritage Council. Both arms will play dissimilar roles but will collaborate to ensure a more decentralized Shiba Inu ecosystem.
Lucie said both arms would drive community inclusiveness and preserve Shiba Inu’s core cultures through charitable outreaches. The councils will also maintain transparency and ensure that the ecosystem does not sway from the values that have driven the token to this point.
The tokens in the Shiba Inu ecosystem would also play different roles in the new governance system. BONE will herald educational innovations, while LEASH will spearhead ideas based on transparency and inclusivity.
Lucie noted that the DAO initiative had not been fully implemented and didn’t provide a specific time for its completion. Still, she said it would give Shibizens more control over the network’s affairs. The marketing lead also stated that the new governance will expand the utility of SHIB.
Another Notable Milestone
The DAO proposal marks yet another milestone for Shiba Inu and its ecosystem. This came after the launch of the closed beta Web3 version of the Shiba Inu-based game Shiba Eternity.
Launched in October 2022, Shiba Eternity has existed in a mobile version before now. The planned integration with Shibarium, which has already made notable progress, would see the game available for Web3 usage.
SHIB held above $0.000015 at press time, up less than 1% in the past 24 hours. The token has increased by over 14% in the past seven days, boasting a market cap of $8.84 billion.
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