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Shiba Inu has announced the beta of DOGGY DAO in the DailyCoin

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Shiba Inuk has announced the beta of DOGGY DAO

Shiba Inu (SHIB) continues to enter the New Year with the latest news. Meme Coin Developers have announced that the beta version of SHIB’s DOGGY DAO is “here” and will be released on January 3rd.

The move is a continuation of Shiba Inu’s original mission to work for decentralization and aims to “expand the capacity of community-oriented decision-making,” according to the official blog of the Shiba Inu group.

DOGGY DAO is a decentralized autonomous organization run and fully controlled by the SHIB community. It gives the SHIB community voting rights and responsibility for the government of Shiba Inu.

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

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

According to the blog post, the community needs to decide “which crypto projects and pairs will be in the ShibaSwap WOOF Pool and how the $ BONE awards will be distributed among them.”

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

DOGGY DAO will be released step by step. The new version, DAO 2, will come after receiving the appropriate feedback from the DAO 1 community and observing the workflow.

The DAO-related announcement is the latest in the Shiba Inu community. The group behind the popular meme token teased the cryptographic space with some important news coming in early 2022.

Why You Should Care

Shiba Inu is one of the top 20 cryptocurrencies in terms of market capitalization and one of the most popular speculative assets in the crypto market. Tokena (more than 1.1 billion) has a massive community of owners, whose price changes always attract impressive price volumes.

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