Shiba Inu want to launch a decentralized autonomous organization, a DAO that will grant its community greater governance control over the network.
Shiba Inu’s evolution, what’s next?
Shiba Inu started as an experimental token in 2020, but since then, it has grown into the 13th largest cryptocurrency by market cap.
The project’s transformation began when its anonymous founder, Ryoshi, gave up the control by burning the keys to the token’s supply and handing over leadership to Shytoshi Kusama and a volunteer team.
Under Kusama’s guidance, Shiba Inu evolved into a recognized digital asset, and the introduction of a DAO represents the next phase of this evolution.
The DAO will feature two key councils, the Charity Council, which will manage philanthropic efforts, and the Culture & Heritage Council, which will work to preserve the values that define the Shiba Inu community.
Real-world applications
Beyond governance, Shiba Inu is also focused on expanding its real-world use cases, because accepted by thousands of merchants globally, SHIB already proven to be more than just simply a digital currency, it has practical utility too.
And based on the plans, the upcoming DAO is expected to strengthen Shiba Inu’s presence in the DeFi space.
New token, new leadership?
Shiba Inu’s lead developer, Shytoshi Kusama also shared more details regarding the ecosystem’s LEASH token, explaining that LEASH holders will take on moderating roles within the Leash DAO, helping maintain order and resolve disputes based on karma, reputation, and other protocols.
Kusama also hinted at a possible leadership change too, suggesting he might step down by the end of the year.
This potential transition aligns with the DAO’s launch, which will give the community even more control over the project’s direction, and in this case, a dedicated leader is almost unnecessary.
