The Shiba Inu project reveals the “Doggy DAO”, the developers say the first phase will “provide direct power for the SHIB army” – Altcoin Bitcoin News

In the second half of 2021, a large number of decentralized autonomous organizations (DAOs) will emerge, airdrop tokens and create governance systems for specific projects. Just before the end of the year, on December 31, the developers behind the Shiba Inu encryption protocol announced the launch of “Doggy DAO” to give Shiba Inu users more power.

Shiba Inu project announces Doggy DAO

In terms of market capitalization, the second largest cryptocurrency memetic token, Shiba Inu (SHIB), Owns Announce Launched “Doggy DAO” to reward SHIB users. The SHIB development team stated that the project has been focused on “striving to achieve decentralization.” The meme token has become the focus of attention this year. In 12 months, the exchange rate against the US dollar has risen by 43,685,107%, and has gained Listed On many encryption platforms, as well as collecting Merchant acceptance.

The Shiba Inu project revealed the
On January 1, 2022, SHIB/USD passed FTX.

January 1, 2022 SHIB The price between 0.00003282 USD and 0.00003450 USD has been exchanged within 24 hours. Although SHIB has risen by 8.1% in the past two weeks, SHIB has fallen by 7.6% in the past 7 days. SHIB’s market valuation is $18.5 billion, which represents 0.79% of Saturday’s $2.3 trillion crypto economy.The meme coin Dogecoin (DOGE) is the only one greater than SHIBThere are 22.7 billion U.S. dollars. The announcement of the SHIB team on Friday stated:

[The] Doggy DAO will be released in a phased indicator and phased manner. This enables the community to understand the needs and requirements of the project, while also paying attention to the possibilities this ecosystem brings to our community.

Shiba Inu’s DAO provides “direct power” to the community

The first phase of Doggy DAO will provide the “community with direct power to determine the cryptographic projects and pairings on the Shibaswap WOOF pool, and how the $BONE rewards (distribution points) will be distributed among them,” the blog post explains. The governance system will use $tBONE votes, and $BONE is used to pledge.

“This is a crucial first step to guide the development of our decentralized exchange, while promoting all the benefits of #Shibarmy from these pairs, and welcome new investors to use the platform,” SHIB The team said.

Doggy DAO follows a series of decentralized autonomous organizations discussed in the crypto field last week.Digital currency advocates have been talking about Opendao airdrop and Gas DAO airdrop This is also true recently. Although these two DAOs are immature, the SHIB team-and the community known as “Shibarmy”-has been around for a long time.

Tags in this story

Altcoins, Crypto assets, DAO, Decentralized autonomous organization, Digital assets, Governor, Dogecoin, Puppy DAO, Doggy DAO stage 1, income, market, Emoticons, Meme token, price, Hush, SHIB Army, SHIB DAO, Shiba Inu, Firewood exchange, Bass pool

What do you think of SHIB’s Doggy DAO? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News about destructive protocols emerging today.

Image Source: Shutterstock, Pixabay, Wikimedia Commons

Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.

Source link

Recommended For You

About the Author: AZ