According to the explanations of SHIB developers, shiba inu The first version of DoggyDAO, the decentralized autonomous organization (DAO) created for the community, is decentralized today cryptocurrency Published on the exchange ShibaSwap.
With DoggyDAO, Shiba Inu Investors Will Have a Voice in Liquidity Pools
From now on, the Shiba Inu community will be able to vote for trading pairs and specific projects on the platform that will be included in WOOF liquidity pools on ShibaSwap.
The project team said that with the first version of the DAO, they will collect feedback from the community and will upgrade to the new version based on this feedback.
#ShibArmy, we are happy to announce DOGGY DAO will be officially launched in the upcoming hours with our first phase DAO 1! 🐶 #DoggyDao brings community voting rights, while also accomplishing a closer path to our mission for decentralization.
Read..https://t.co/BcFkMqehxI
— Shib (@Shibtoken) February 18, 2022
ShibaSwap users will be able to vote on the DAO thanks to their tBONE tokens. tBONE tokens are earned by staking the BONE token on the platform. Each voting session on the platform will last 5 days.
The community will be able to choose a new trading pair every two weeks. A total of 30 trading pairs will be added to the liquidity pools.
Shiba Inu developers asked the cryptocurrency community to do a good research before voting to prevent risky cryptocurrencies from being listed on ShibaSwap:
“We remind you to be careful about new, unknown and unsupervised projects. Please vote consciously!”
However, SHIB developers also announced that they took a protective measure to prevent crypto money whales from manipulating the system, in the shares they made with DoggyDAO’s announcement. Despite the votes, developers will have the final say on whether projects will be published on ShibaSwap.
The announcement of the DAO was made in late December.
*Not investment advice.