especially for 2021 Elon Muskwith the contributions of dogecoin(DOGE) rival shiba inu (SHIB), Despite the sharp price drop, it seems determined not to let go of the developments. The popular cryptocurrency project will now take a step towards DAOs, which is a very popular trend.
SHIBA Establishes DAO
According to the new post shared by Shiba Inu developers, the decentralized autonomous organization named DOGGY DAO will be the new management protocol of SHIB. There are two phases for the development of this protocol.
The first stage involves users deciding which cryptocurrencies should be listed on ShibaSwap, SHIB’s decentralized cryptocurrency exchange. Users will decide for themselves independently of the SHIB team and direct the whole project on this issue.
SHIB team, DAO 1 the first autonomous organization ShibaSwap‘of WOOF He emphasized that he can decide which cryptocurrencies will enter the liquidity pools named after him. Users have BONNET will be able to vote as many as the governance token named.
In the second phase of the DAO, a system will be introduced that allows users to submit important offers. This, in fact, will open the door to new votes, where the decision to be made in DAO 1 can be taken.
DAOs have become very popular lately, and the DAO, which was established to buy a copy of the US Constitution for millions of dollars, started this trend. Now, the creation of such a DAO by the SHIBA team may have a positive impact on the price, along with the positive continuation of the trend.
* Not Investment Advice.