Shiba Inu plans to launch a Decentralized Autonomous Organization (DAO) as part of its strategy to become a versatile blockchain platform.

On August 24, Shiba Inu’s marketing lead, Lucie, announced that the network is establishing DAO governance. This move aims to ensure that Shiba Inu’s growth stays true to its core values of transparency and inclusivity.

The initiative will allow SHIB holders to participate in the decision-making process within the Shiba Inu ecosystem. Lucie stated that the DAO’s launch will cement the meme coin’s role as a leader in decentralized governance.

“Shib is preparing to become a key player in decentralized governance with the upcoming launch of its DAO. This transition will empower every holder, regardless of the size of their stake, to have a say in the community’s direction,” Lucie explained.

However, the marketing executive mentioned that the DAO is still under development. Despite this, Lucie clarified that the governance model will feature two main councils: the Charity Council and the Culture & Heritage Council. These councils will manage community initiatives, such as charitable efforts and preserving Shiba Inu’s unique cultural identity.

Read more: 6 Best Platforms To Buy Shiba Inu (SHIB) in 2024

Additionally, Lucie noted that other tokens within the SHIB ecosystem, like BONE and LEASH, will play crucial roles in the DAO process. For example, BONE holders will have the ability to guide the ecosystem’s efforts in advancing blockchain knowledge and innovation. Meanwhile, LEASH holders can vote on issues that promote fairness and transparency within the community.

Lucie highlighted that these developments will increase the number of tokens’ practical applications. According to her, they will become “symbols of what can be achieved when vision, leadership, and a united community come together to create something truly impactful.”

“Shib’s rise from a community experiment to a leading cryptocurrency showcases the power of decentralized initiatives driven by passionate communities. More than just a token, Shib is setting the stage for how decentralized projects can redefine both finance and governance,” Lucie added.

This initiative demonstrates the meme coin’s commitment to integrating real-world utility into its ecosystem. Over the past year, the digital asset has made notable strides, including the launch of Shibarium, a Layer-2 scaling solution, and the introduction of various innovations aimed at enhancing its blockchain network.

Read more: Shiba Inu (SHIB) Price Prediction 2024/2025/2030

Among these initiatives is a plan to build a Layer-3 blockchain on top of the existing Ethereum layer-2 Shibarium. The L3 will incorporate Fully Homomorphic Encryption (FHE) and enable developers to securely process data without decryption.

The post Shiba Inu to Explore Decentralized Governance with Upcoming DAO Launch appeared first on BeInCrypto.

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