Shiba Inu Announces Beta of DOGGY DAO

Shiba Inu (SHIB) continues to storm into New Year with the breaking news. The meme coin developers reported SHIB’s beta version of DOGGY DAO “is here” and will be launched on the 3rd of January.

The move comes as a continuation of Shiba Inu’s original mission to work towards decentralization and aims to “ broadcast the capacity of community-oriented decisions, in ways that can accelerate the growth of Shiba Inu”, says the official blog post of the Shiba Inu team.

DOGGY DAO is here. Woof!https://t.co/5sEZX50Z1j

— Shib (@Shibtoken) December 31, 2021

DOGGY DAO is an autonomous decentralized organization that is run and fully controlled by the SHIB community. It gives SHIB community the voting rights and the responsibility on Shiba Inu governance.

According to the statement, the Shiba Inu team is happy to announce and share the first phase, of DOGGY DAO, which comes under the name of DAO 1.

The first phase or the Beta version of DOGGY DAO will focus on the community voting system.

As the blog post says, the community has to decide “which crypto projects and pairs on the ShibaSwap WOOF Pools will be, and how the $BONE rewards are to be distributed amongst them.”

SHIB community will be able to distribute their votes through the BONE token, which now serves as a governance token of the Shiba Inu ecosystem.

DOGGY DAO will be released stage by stage. The newer version, DAO 2, will come after DAO 1 will receive the proper community feedback and observe the workflow.

The DAO-related announcement is the latest one from the Shiba Inu community. The team behind the popular meme token teased the crypto space with some major news to come at the beginning of 2022.

Why You Should Care

Shiba Inu is one of the top 20 cryptocurrencies by market capitalization and one of the most popular speculative assets on crypto market. The token has a massive (over 1.1 billion) holders community, its price swings always attract impressive price volumes.

EMAIL NEWSLETTER

Join to get the flipside of crypto

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

S.E.C. issues no action letter. It is ok to issue stablecoin without registering as a security.

Encryption Artist Liu Gang’s NFT Artwork Was Sold at 420 BNB in Treasureland

Why You Can’t Have Blockchain Without Bitcoin.

KardiaChain Forms Partnership with NEM to Expand Ecosystem for KAI Membership

How are transactions recorded in a Blockchain?

FibitPro Exchange — World’s First Discount broking platform takes Crypto Industry by Storm

Introducing Matrix DeFi Index Set(MDI) and Matrix Chain Index (MCI)

PARROT9 transparency report | Q1 2020

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
thecryptocoinreport.com

thecryptocoinreport.com

More from Medium

DeepBrain Chain Progress Report #103 01.01–01.15(2022)

Summary of InvArch AMA with Deltahub Capital

Crypto Launchpad Official

Crosswise DEX Officially Launches!