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Shiba Inu Launches The Beta Version Of Its DAO

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

Shiba Inu has launched a beta version of a decentralized autonomous organization (DAO).

Shiba Inu announced in a blog post over the weekend that it has launched a beta version of a decentralized autonomous organization (DAO). the DAO will give its users more authority to decide on the cryptocurrency projects and trading pairs to be listed on the ShibaSwap platform. 

The Doggy DAO will be released in stages and the first one, DAO 1, is set to go live in a few days. The team said, “DAO 1, is focused on providing immediate power to the community in order to decide which crypto projects and pairs on the ShibaSwap WOOF Pools will be, and how the $BONE rewards (Allocation Points) are to be distributed amongst them.”

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.