Over 1.5 million Shiba Inu (SHIB) holders have just become governors, as Shibarium launches the highly-anticipated SHIB’s decentralized autonomous organization (DAO). This allows every SHIB & BONE holder to have their voice on any topics relevant to their community, including submitting proposals to vote for on the new SHIB DAO platform.
This type of decentralized governing enables the 1.5 million Shiba Inu (SHIB) custodians to call the shots in the roadmap, rewarding belief. Things SHIB Army members are able to cast their votes on include, but are not limited to Shiba Inu coin treasury grants, Shibarium L2 & Shibarium L3 upgrades, token utility alterations & even potential major partnership preference.
How To Gain Power In SHIB Army’s DAO?
The Doggy DAOs are divided into Shiba Inu DAO, Bone ShibaSwap DAO, Leash DAO & Treat DAO. The four elements in Shiba Inu’s Ecosystem are approached differently, each with its own cause. To illustrate, Shibarium L2 relies on Shiba Inu’s BONE for gas fees, part of which is later swapped to Shiba Inu and set ablaze, constantly reducing the circulating supply.
Moreover, this decentralized infrastructure enables any SHIB enthusiast to set up their own decentralized autonomous organizations via SHIB Service Name (SNS), which can serve for various causes. Among the most popular ones are blockchain gaming builds, digital shops for artists, community projects or Shibarium L2 developer tools.
Staking is likely to be the best trajectory for gaining power, as Shibarium L2 recently introduced liquid staking derivatives (LSD) via the K9 Finance DAO, matching the parent chain Ethereum (ETH) in staking capability. Presently, Shibarium’s total value locked (TVL) stands at the $4M mark, with the dynamic staking service K9 taking up $1.77M of all locked-in liquidity.
On The Flipside
- The mainstream Japanese guard dog-embossed crypto succumbed to a 11% deficit in 7 days, plummeting below $0.000013, according to CoinGecko.
- This Shiba Inu price level puts 37% of current meme coin holders in profit & is below the crucial $0.000014 threshold with 575.55T SHIB tokens at hand.
Why This Matters
The meme coin boom in late 2024 is expected to come back along with the altcoin season, as the meme currency asset class outperformed other promising niches like Artificial Intelligence (AI) & Real World Assets (RWA).
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