Shiba Inu gears up for DAO launch
Release: 2024/08/26 11:08 Reading: 972
Shiba Inu Marketing Lead LUCIE Announces DAO Plans
SHIB's Decentralized Autonomous Organization (DAO) Initiative
LUCIE, Shiba Inu's marketing lead, has unveiled plans to establish a Decentralized Autonomous Organization (DAO) for the meme coin community.
Community Empowerment and Decision-Making
The DAO will grant every SHIB holder, regardless of their holdings, the authority to participate in decision-making that affects the meme coin's direction.
Key Councils within the DAO
SHIB DAO will comprise two primary councils:
- Charity Council: Focuses on implementing charitable endeavors and outreach initiatives.
- Culture and Heritage Council: Preserves and promotes the legacy and values of Shiba Inu.
Shiba Inu's Transformation and Community Involvement
LUCIE emphasized that the DAO represents a significant milestone for Shiba Inu, fostering greater community involvement and transparency in shaping the ecosystem's future.
Shiba Inu's Price Response
Despite the announcement of the DAO, Shiba Inu's price has not experienced a significant positive reaction. SHIB has declined by 2.3% in the last 24 hours, trading at $0.00001500.
Historical Context and Performance
Shiba Inu has faced challenges in sustaining its value over the past few months. After reaching a high of $0.000036 in March, it has lost over 83% of its value since reaching its all-time high.
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