Shiba Inu (SHIB) team member “Lucie” has revealed the project’s big plans for 2024-2025. SHIB is one of the most popular crypto projects out there. However, the token price has struggled for most of 2023. Nonetheless,...
Shiba Inu (SHIB) team member “Lucie” has revealed the project’s big plans for 2024-2025. SHIB is one of the most popular crypto projects out there. However, the token price has struggled for most of 2023. Nonetheless, the SHIB team continues to innovate and develop on the project.
The first thing the team plans on doing is giving ‘More Power to Everyone.’ According to an X post by Lucie, Shiba Inu’s (SHIB) layer-2 network, Shibarium, will spread decision-making across the community. The project aims to become more decentralized within the next two years.
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The project also wants to empower the community. The team wants to involve all tokens in decision-making. As per Lucie’s post, ‘All tokens have a say, ensuring fairness and democratic decision-making, empowering every member of the community.‘
By involving all tokens, the team can eliminate the chances of a few taking control. Moreover, including more assets will also create a balanced ecosystem.
The team also plans on creating an environment of fair and transparent governance. As per the team’s plans, equal voting power will prevent a single entity from having too much influence. Moreover, it will lead to fair governance.
Will more decentralization lead to higher prices for Shiba Inu (SHIB)?
Decentralization is an important pillar in the digital asset industry. If SHIB becomes more decentralized, it may attract more people to invest in the project. Moreover, it will also prevent bad actors from having too much control. This development could play a vital role in SHIB’s future growth and adoption.
Also Read: Shiba Inu: Can SHIB Reach $0.01 in 2024?
However, SHIB’s plans did not mention their new burn mechanism, which is rumored to burn trillions of tokens every year. One SHIB supporter even commented on Lucie’s post asking about the new burn mechanism.