Shiba

Ethereum

Shiba Inu

LucieSHIB, the pseudonymous marketing lead of the Shiba Inu (SHIB) ecosystem, recently revealed important details about what to expect from the upcoming Decentralized Autonomous Organization (DAO) launch. Lucie first&nbsp;<a href="https://www.thecoinrepublic.com/2024/08/26/shiba-inu-prepares-for-dao-launch-what-to-expect-from-shib/" rel="noopener noreferrer nofollow">hinted</a>&nbsp;at a DAO launch last week. This will allow SHIB token holders to participate in network governance.
<h2 class="wp-block-heading" id="h-expectations-about-shiba-inu-shib-dao-status">Expectations About Shiba Inu (SHIB) DAO Status</h2>
Addressing the community via a Monday’s X post, Lucie said token holders have a voice in the upcoming DAO launch. According to her, their stake in the project gives them the power to shape the future trajectory of SHIB. Lucie, however, pointed out that the holders’ participation in the DAO would not be influenced by their actual SHIB holding.
While she acknowledges that large investors (whales) may wield considerable power, she believes that 1,000 smaller holders can collectively outnumber even the largest whales. This system is designed for fair play, ensuring individuals with larger investments have a proportionate voice.
According to Lucie, an investor holding $100,000 worth of SHIB is likelier to make a prudent decision than someone who invested $100. Nonetheless, she feels that the combined might of many smaller holders will keep the community in control. Overall, Lucie emphasized the importance of community strength.
She also noted that investors might require their assets on-chain to participate in the upcoming DAO.
<h2 class="wp-block-heading" id="h-shib-s-role-in-the-governance-era">SHIB’s Role in the Governance Era</h2>
The DAO is designed to give SHIB holders more control over the project’s future. This will enable HODLers to vote on key initiatives and decisions. The upcoming DAO is designed to prioritize community wishes over anonymous developers.
SHIB is the major passport to this new era. All SHIB holders, irrespective of their stake size, will be able to influence the project’s direction. Besides SHIB, other ecosystem tokens, including BONE and LEASH, are also integral to the DAO governance initiative.
BONE holders will pursue visible considerations in the education and innovation improvement processes. On the other hand, LEASH token holders will prioritize inclusion and openness within the ecosystem.
Meanwhile, the Shiba Inu marketing executive claims the launch of the DAO will usher in a new chapter for the memecoin. Before moving forward, Lucie says the past, which involved the 37.5 Ethereum (ETH) coins donated to the SHIB team, must be addressed.
According to her, the community will decide on the next move regarding the 37.5 ETH received from Welly’s chain of fast-food restaurants. In the worst-case scenario, the wallet owner will decide if they choose not to return it.
<h2 class="wp-block-heading" id="h-crypto-projects-pursuing-decentralization">Crypto Projects Pursuing Decentralization</h2>
The upcoming DAO follows recent decentralization efforts in the broader crypto ecosystem. For instance, the Cardano blockchain has entered into a new community governance era, ushered in via the Chang hard fork upgrade. This upgrade went live on the mainnet despite a&nbsp;<a href="https://www.thecoinrepublic.com/2024/08/24/cardano-shifts-chang-hard-fork-launch-heres-why/" rel="noopener noreferrer nofollow">disappointing postponement</a>&nbsp;last month.
Cardano’s approach to the Chang hard fork focused on stability and security. A detailed implementation strategy, similar to that of the Shiba Inu team, evidently prepared the network.
These projects prioritize users’ satisfaction by giving them control over critical governance decisions. As many are speculating for ADA,&nbsp;<a href="https://www.thecoinrepublic.com/price-prediction/shiba-inu/" rel="noopener noreferrer nofollow">Shiba Inu’s price</a>&nbsp;might gain intense adoption in due course, aiding its valuation boost.
The post <a href="https://www.thecoinrepublic.com/2024/09/02/shiba-inu-shib-exec-shares-crucial-insight-into-expected-dao-push/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Exec Shares Crucial Insight Into Expected DAO Push</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

Shiba Inu (SHIB) Exec Shares Crucial Insight Into Expected DAO Push

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