- The SHIB DAO system will ensure that SHIB’s direction is controlled by dedicated holders rather than external influences, aiming for a long-term, autonomous governance model.
- The governance structure divides responsibilities among the tokens, with SHIB managing the community, BONE driving technology, LEASH offering exclusivity.
Shiba Inu’s much-anticipated Decentralized Autonomous Organization (DAO) and Foundation are set to launch soon. This launch will offer the SHIB community higher authority in the ecosystem’s affairs. The introduction of Shiba Inu Doggy DAO Foundation has caught the eyes of the SHIBArmy.
According to a recent update on X by the project’s marketing lead, Lucie, the SHIB ecosystem is on the verge of a significant transformation with the upcoming launch in 2024/2025. She described the DAO launch as a move to “put power into the hands of real holders.”
The introduction of Shiba Inu’s DAO will mark a critical milestone in the project’s evolution. The DAO will give the community a governance model that empowers holders of SHIB, BONE, LEASH, and TREAT tokens to make essential decisions about the project’s future.
Lucie emphasized that this system ensures that “the future of Shib is determined by those who believe in it, not by outside voices or short-term hype.” For further context, a Decentralized Autonomous Organization, or DAO, operates without centralized control. Hence, it allows token holders to vote on key decisions such as community initiatives and technological advancements.
According to Lucie, the governance system will “take time to perfect.” However, ultimately it will create a “perpetual and autonomous system” where the community takes charge of SHIB’s direction.
Shiba Inu (SHIB) Doggy DAO Foundation and Governance
One of the most significant aspects of the forthcoming DAO is the creation of the Shiba Inu Doggy DAO Foundation. This legal entity will oversee the execution of community decisions. Moreover, it will ensure that they are properly implemented and provide a safeguard against misallocation of assets.
The Foundation will also manage assets like the Doggy Treasury to offer both transparency and security to the ecosystem. Lucie highlighted that this move proves “Shib isn’t just another project—it’s a serious player with a long-term vision.”
Governance within the DAO will be divided across four key areas, with each token serving a specific function. SHIB will govern the community and BONE will power the project’s technology. Meanwhile, LEASH will offer protection and exclusivity. Moreover, TREAT will fund community projects. This clear division of responsibilities is intended to ensure a smooth and decentralized decision-making process.
Lucie’s announcement also addressed concerns about outside influence, particularly from trolls and detractors. She stressed that these voices won’t have any sway over the project’s future because they don’t hold the necessary tokens to participate in governance.
“The trolls, FUD-spreaders, and naysayers in Telegram groups won’t have any influence because they don’t hold the keys to the ecosystem,” she said. Furthermore, Lucie encouraged the community to participate, saying, “Now is the time to be part of the revolution.”
As of press time, the Shiba Inu (SHIB) price is 3% down at $0.00001781 with a market cap of $10.50. The SHIB price has largely remained range-bound trading between $0.000016 and $0.000018. For SHIB to start a decisive rally, it must break past $0.000019, per the CNF report.
