Shiba

2024

when

Shiba Inu

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">Since its launch in 2020, Shiba Inu has become a global phenomenon. For a token that emerged with limited utility, its current state has stunned many top Layer-1 and 2 protocols, as SHIB is ranked the 13th largest digital currency today. SHIB is also&nbsp;<a href="https://u.today/shib-xrp-doge-can-now-be-bought-through-range-of-global-banking-payment-methods-bitpay" rel="noopener noreferrer nofollow">accepted</a> by many merchants worldwide, adding a major utility to its existence.</p>
<h2 id="the-next-step-the-dao-governance">The Next Step: The DAO Governance</h2>
<p dir="ltr">Despite its growth thus far, the community needs more say in the development of Shiba Inu.&nbsp;<a href="https://x.com/LucieSHIB/status/1827246835338981443" rel="noopener noreferrer nofollow">According</a> to the project’s marketing lead, Lucie, this will change with the upcoming DAO Governance.</p>
<p dir="ltr">This is the true pathway to the protocol’s decentralization moves, where every SHIB holder will have a say in its plans. According to Lucie, two unique councils will be in charge of Shiba Inu’s affairs when the DAO Governance is implemented. These include the Charity Council and the Culture &amp; Heritage Council, respectively.</p>
<blockquote>
 <p lang="zxx" dir="ltr" xml:lang="zxx"><a href="https://t.co/mj7SRzf6yi" rel="noopener noreferrer nofollow">https://t.co/mj7SRzf6yi</a></p>— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1827246835338981443?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 24, 2024</a>
</blockquote>
<p dir="ltr">The Charity Council will manage the community's humanitarian projects, while the Culture &amp; Heritage Council will maintain Shiba Inu's ethos. This DAO Governance initiative will add massive value to SHIB, helping the protocol expand its stance as a community-driven project.</p>
<p dir="ltr">While the timeline for the official launch of the SHIB DAO Governance remains unknown, the prospects have sent the community into a frenzy.</p>
<h2 id="shiba-inu-set-to-do-more">Shiba Inu Set To Do More</h2>
<p dir="ltr">Shiba Inu has maintained a positive developmental track since the start of the year. Recently, it launched a&nbsp;<a href="https://u.today/shiba-inus-shibarium-now-has-burn-portal" rel="noopener noreferrer nofollow">burn portal</a> to help automatically reduce the supply of SHIB. This deflationary infrastructure came just after the&nbsp;<a href="https://u.today/shiba-inus-shibarium-completes-its-hard-fork-details" rel="noopener noreferrer nofollow">Shibarium hard fork</a> launched months back.</p>
<p dir="ltr">The protocol's goal is to fully transition from its meme stage into a project as diverse as any Layer 1 or 2 project. Ultimately, the impact might be felt in its token valuation, which, as of now, is changing hands for $0.00001495, down marginally by 0.86% in 24 hours.</p>

Shiba Inu (SHIB) to Launch DAO Governance as 'Next Step'

Table of Contents

U_Today

Other articles published on Aug 26, 2024

Fetch.AI (FET) Breaks Out, Surging 62% as AI Tokens Spark Market Comeback

Crypto fund inflows reach $533M, Bitcoin outperforms Ethereum: CoinShares

Russian Crypto Exchanges Now Starting Testing for Launch in 2025

Are NTFs Making A Recovery After Almost Hitting Rock Bottom?

US-Backed Stablecoin by Wyoming: Pioneering Financial Innovation in 2025

Binance Introduces Bank-Backed MiCA-Compliant EURI Stablecoin

Join our free newsletter for daily crypto updates!