Shiba Inu to Launch the Doggy DAO, Will Allow Users to Vote on Crypto Projects

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Shiba Inu to Launch the Doggy DAO, Will Allow Users to Vote on Crypto Projects
05 Jan 2022
5 min read

News Synopsis

The coin developers of Shiba Inu has announced that they are planning to launch a decentralised autonomous organisation or DAO. They have claimed that this DAO will give customers more power over Shiba Inu. 

The coin developers have published a blog post saying this DAO will give the Shiba Inu holders the rights to vote on crypto projects and trading pairs including the distribution of the award called $BONE. The DAO will be launched in different phases with the beta version of the DAO, which is called DAO 1. The beta version will be launched in a few days. 

A DAO allows the online communities to gather resources to coordinate around common goals. The rules and voting initiatives are implemented through blockchain technology.

Shiba Inu has made progress during the past few months and is powered by crypto whales and another community also known as SHIB Army.

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