Shiba Inu has announced its new plan: Is it a harbinger of a big rise?

The Shiba Inu marketing director announced a DAO plan that will give SHIB investors a say in the progress of the project.

Lucie, the marketing leader of Shiba Inu (SHIB), shared in a post on X on August 25th that the Shiba Inu team will launch a DAO and allow investors to have a say in the future of the project. Lucie, who made SHIB investors happy, said the following:

“Shib is preparing to become a key player in decentralized governance with the upcoming launch of the DAO. This transition will empower every investor to have a say in the direction of the community, regardless of the amount of SHIB they hold.”

Other tokens in the Shiba Inu ecosystem will stand out

Two main councils, the ‘Philanthropy Council’ and the ‘Culture and Heritage Council’, will oversee the governance of the DAO. According to Lucie, these two councils will guide ‘social initiatives’ ranging from philanthropic efforts to preserving the ‘unique culture’ that comes with the memecoin community.

Other tokens in the SHIB ecosystem, including BONE and LEASH, will also play a role in the DAO governance process. While priority will be given to educating and expanding innovation for BONE investors, LEASH investors will focus on proposals related to inclusivity and transparency within the project. The SHIB Marketing Director said that the DAO will further enhance the benefits offered by the SHIB ecosystem.

The SHIB team announced on March 18 that ShibaSwap, a decentralized exchange (DEX) compatible with the Shiba Inu ecosystem, has been moved to the project’s own Shibarium blockchain. The price of SHIB did not show a strong reaction to the latest announcement and has increased by 14% in the past week, currently trading at 0.00001514 dollars.

According to CoinGecko data, although memecoin still has a market value of 8.9 billion dollars, SHIB has dropped by 82.4% from its all-time high of $0.00008616 in October 2021.

This article does not contain investment advice or recommendations. Every investment and trading activity carries risks, and readers should conduct their own research when making decisions.