Shiba Inu has a new decentralized autonomous organization (DAO) on the horizon that puts it in a different league. This step might bring the token holders in the company more influence in the direction of the project.
They will also be able to govern the DAO hence participate in the decision making of Shiba Inu. This would make it a part of Shibarium ecosystem which would consist of tokens like BONE and LEASH. It is not clear when precisely the concept of the DAO will release.
Shiba Inu coin emerged from the meme coin population but has since expanded to become a project. Now it has its own decentralized exchange, the blockchain, and such service as liquidity mining. It is thus seen as a means of extending more decentralisation of the community in the operations of the new DAO.
The DAO is to comprise of two central councils. Charity Council’s primary goal will be the further promotion of the token and the development of supporting initiatives in the field of charity. Therefore, the Culture & Heritage Council will engage in their efforts to protect the community ad maintain Shiba Inu’s fundamentals.
The DAO is expected to increase the utility and use cases of the token as well as provide means for every holder to shape its future. It could help Shiba Inu to build a better stance in the saturated world of cryptocurrencies.
In total, the DAO is another step in the development of Shiba Inu from the status of a meme coin to a much more worthy and useful project involving its users.
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