Shiba Inu is set to make a significant stride in its development as the meme coin community prepares for the launch of its Decentralized Autonomous Organization (DAO). The announcement was made by the meme coin’s marketing lead, LUCIE, who shared key details about the upcoming DAO on X.
The launch of the Shiba Inu DAO aims to empower every SHIB holder, regardless of the size of their holding. LUCIE emphasized that this move will grant holders a direct say in the direction of the meme coin community. The DAO will provide a platform for SHIB holders to actively participate in decision-making processes that impact the ecosystem.
The Shiba Inu DAO will feature two essential councils: the charity council and the culture and heritage council. These councils will play a crucial role in implementing charitable initiatives and preserving the cultural heritage of the SHIB community. LUCIE highlighted the importance of transparency and inclusivity in these efforts, ensuring that the growth of Shiba Inu remains aligned with its founding values.
Shiba Inu’s journey began without a defined purpose, but under the leadership of Shytoshi Kusama, it has evolved into a widely accepted meme coin. Its integration into everyday transactions and acceptance by thousands of merchants worldwide have solidified its position in the cryptocurrency market.
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Despite the significant announcement of the DAO launch, the price of Shiba Inu has not experienced a notable reaction. As of [Date], SHIB is trading at $0.00001500, down by 2.3% in the past 24 hours. The meme coin has faced challenges in terms of price performance in recent months, with a decline of over 83% from its all-time high.
While the surge in Solana-based meme coins has dominated the market in 2024, Shiba Inu and Dogecoin, the OG meme coins, have lagged behind in terms of price gains. However, the upcoming DAO launch could potentially mark a turning point for Shiba Inu, offering new opportunities for growth and community involvement.
Disclaimer:Â The information in this article is for general purposes only and does not constitute financial advice. The authorâs views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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