Shiba Inu prepares to launch DAO
The main purpose of the DAO is to transfer project management into the hands of cryptocurrency owners

05.01.2022 - 07:45
194
2 min
0
What’s new? The official Twitter account of the Shiba Inu cryptocurrency has published news about the imminent launch of a decentralized autonomous organization (DAO).
#ShibainuCoin is launching the Doggy DAO to give enthusiasts voting power over crypto projects 🤑🚀❤️ Smash the LIKE and RT ♻️ for more $SHIB power.Load More & HODL strong!🌲 $TREES 🦮 $BONES 💎 $LEASH 🔥#ShibaArmy #safetrees @Trees_token #Shibaversehttps://t.co/9QXYUwI20K— Shiba Inu (@ShibainuCoin) January 3, 2022
“Shiba Inu is launching the Doggy DAO to give enthusiasts voting power over crypto projects,” the meme-token representatives said.
How will the process take place? According to the announced plans, the DAO launch will take place in two phases. The first will start as early as January 2022, it will allow the community to vote for projects that will participate in the distribution of prizes on the ShibaSwap WOOL Pools platform.
The second phase involves allowing users to submit their own projects and proposals for the community’s consideration. These measures are intended to increase the decentralization of Shiba Inu and remove the project from the influence of large cryptocurrency owners.
Useful material?
Incidents
The attacker conducted a flash loan attack by exploiting vulnerabilities in the protocol.
Jul 21, 2023
Market
The former CEO of the exchange discussed building a bunker and conducting genetic experiments with his younger brother
Jul 21, 2023
Incidents
Hayden Adams restored the account nine hours later
Jul 21, 2023
Market
Chainlink CEO Sergey Nazarov predicted the growth of the blockchain industry by trillions of dollars
Jul 20, 2023
Market
The company stopped accepting bitcoin payments in May 2021
Jul 20, 2023
Politics
The bill is designed “to fight the rise in crypto-facilitated crime”
Jul 20, 2023