Shiba Inu Launches the Beta Version of DOGGY DAO
Shiba Inu Launches the Beta Version of DOGGY DAO
Shiba Inu is one of the most popular speculative assets on the crypto market. According to the company's latest blog post, Shiba Inu has released a beta version of a decentralised autonomous organization (DAO) to give users more power over crypto projects and pairs on the ShibaSwap platform.
SHIB's beta version of DOGGY DAO will be launched on the 3rd of January in a "stage-by-stage" metric and phased approach. The first phase, called "DAO1" will focus on "providing immediate power to the community 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" according to the team.
The blog post from the company also notes that the community gets to decide "which crypto projects and pairs on the ShibaSwap WOOF Pools will be, and how the $BONE rewards are to be distributed amongst them."
If users own tBONE, the company will provide them with the right to vote. They'll vote on which projects they wish to work on and monitor several platform aspects.
After receiving the proper community feedback, Shiba Inu will release a newer version, called "DAO 2," to allow the community to make generic proposals for consideration or review by a "Multisig-Team, and Breeds," as per the blog. DAO 2 will improve the use cases of BONE and tBONE tokens.