Shiba Inu Announces Beta of DOGGY DAO

DOGGY DAO will be released stage by stage.

shiba inu doggy dao

Shiba Inu (SHIB) continues to storm into New Year with the breaking news. The meme coin developers reported SHIB’s beta version of DOGGY DAO “is here” and will be launched on the 3rd of January.

The move comes as a continuation of Shiba Inu’s original mission to work towards decentralization and aims to “ broadcast the capacity of community-oriented decisions, in ways that can accelerate the growth of Shiba Inu”, says the official blog post of the Shiba Inu team.

DOGGY DAO is an autonomous decentralized organization that is run and fully controlled by the SHIB community. It gives SHIB community the voting rights and the responsibility on Shiba Inu governance.


According to the statement, the Shiba Inu team is happy to announce and share the first phase, of DOGGY DAO, which comes under the name of DAO 1.

The first phase or the Beta version of DOGGY DAO will focus on the community voting system. 

As the blog post says, the community has to decide “which crypto projects and pairs on the ShibaSwap WOOF Pools will be, and how the $BONE rewards are to be distributed amongst them.”


SHIB community will be able to distribute their votes through the BONE token, which now serves as a governance token of the Shiba Inu ecosystem.

DOGGY DAO will be released stage by stage. The newer version, DAO 2, will come after DAO 1 will receive the proper community feedback and observe the workflow.

The DAO-related announcement is the latest one from the Shiba Inu community. The team behind the popular meme token teased the crypto space with some major news to come at the beginning of 2022.

Why You Should Care

Shiba Inu is one of the top 20 cryptocurrencies by market capitalization and one of the most popular speculative assets on crypto market. The token has a massive (over 1.1 billion) holders community, its price swings always attract impressive price volumes.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia