Crypto News

Shiba Inu (SHIB) team releases beta version of Doggy DAO

                                                            Das Team hinter der Shiba Inu Coin (SHIB) hat den Start der ersten Phase von Doggy DAO – genannt – DAO 1 (Beta) bekannt gegeben.  Es zielt darauf ab, das Wachstum des Tokens zu beschleunigen und gleichzeitig dem Ethos der Dezentralisierung treu zu bleiben.

Handover of power to the Shiba Inu community

According to the official blog post, the main focus of DAO 1 is to give community members “immediate power” to decide on the crypto projects and pairs on the ShibaSwap platform. The community will also have a say in how the BONE rewards are distributed among them.

ShibaSwap is the native DEX of the Shiba Inu cryptocurrency project. The SHIB Doggy DAO, on the other hand, aims to be a decentralized organization that is controlled by the SHIB community and controls the future of the memecoin ecosystem.

With the help of the new community voting system, users can divide their voting rights into the projects they want to work on and monitor various aspects while holding the stipulated form of BONE, also known as tBone.

The liquidity pools are selected by the users and the developers have no control or authority in any way. The ultimate goal of the latest beta launch is decentralization.

It’s also an important step for decentralized exchanges. The developers believe that the release of the first phase will attract new investors to use the platform.

What’s in store for DAO 2?

The Shiba Inu development team expects the tool to “motivate” and facilitate external projects and their developers in order to provide liquidity for their tokens / pairs. This in turn should increase the utility and volume of the ShibaSwap platform.

Having taken a step-by-step approach, the team expects to encounter appropriate community feedback once the beta version launches. It will also closely monitor the workflow to ensure that the community finds the system seamless, safe and fair.

In the future, the newer and more complex version called DAO 2 will include improved use cases of BONE / tBONE tokens. New phases of the same system are introduced simultaneously through the same screen. In addition, DAO 2 will also allow community members to submit generic suggestions that will be considered or reviewed by SHIB’s multisig team and breeds.

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Source: Crypto News Deutsch

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