Shiba Inu Launched Beta Version of DAO

January 3, 2022

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Shiba Inu has launched a beta version of DAO (decentralized autonomous organization) to provide customers more power to decide on cryptocurrency projects and pairs on the ShibaSwap stage, as per the published blog. 

The rival DOGE will launch Doggy DAO in stage by stage metric and phased way. The initial phase will be called DAO 1 will be implemented with the coming few days. However, the first phase, DAO 1 will focus on giving immediate authority to the users to decide which crypto projects & pairs on the ShibaSwap WOOF pools will be and how the $BONE rewards will be distributed amongst the community, the team stated. 

Also, the DAO will utilize $tBONE for voting rights, which is the latest staking contracts, to hold $BONE for prolonged period of time before the voting starts. After the completion of DAO 1, utilizing community feedback, the team will further release another phase/version, called DAO 2, to enable the users to create generic proposals for review or consideration by a Multisig-Team and Breeds. 

Shiba Inu’s Guardians will have the Final Call

Shiba Inu stated that, to avoid probable whales controlling the voting procedure, the guardians will have the last call whether the pair will be listed or not, to make sure no one is really gaming the system. However, on December 22, the price of Shiba Inu rose after the whales added to the current positions, with a wallet purchasing almost $134M of the token. 

El Salvador’s President Nayib Bukele feels bitcoin will reach $100,000 this year, amidst rising adoption as a sovereign cryptocurrency. The President tweeted on Sunday, bitcoin will hit $100K, and two more nations will adopt bitcoin as a legal tender, also added, that the crypto will also become major trouble in the U.S midterms elections to begin on November 8.


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