The enigmatic Shiba Inu development team leader, Shytoshi Kusama, recently took to his X account to share a crucial update regarding the upcoming decentralized autonomous organization (DAO) for the Shiba Inu ecosystem. Kusama was keen to point out how this new structure will see ‘investors,’ the holders of LEASH token, play an active part in ensuring the order is maintained within the system.
Also Read: Shiba Inu to Introduce DAO Governance, Empowering Community in Decision-Making
LEASH Holders as Moderators and Voters in the Shiba Inu DAO
In the upcoming DAO, Shytoshi Kusama stated that LEASH holders would act as the police enforcing the order to maintain the structural integrity of the Shiba Inu system. These holders can also vote on dispute decisions, thus giving the community a voice in major decisions. Kusama attributed this role to other “proprietary protocols” of the SHIB State that seek to safeguard the interests of the “Shibizens,” the members of the Shiba Inu community.
Shytoshi Kusama’s message intended to explain why the holders of LEASH tokens are significant in the context of the Shiba Inu project. He then stated that he hoped this explanation would assist the community in understanding the SHIB Paper, the work blueprint.
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DAO Launch to Enhance Shiba Inu’s Decentralization
In a related update, another prominent Shiba Inu team member, Lucie, announced plans to launch the DAO soon. According to Lucie, this move would further decentralize the Shiba Inu system by allowing all ecosystem token holders to participate in decision-making via voting. This program will strengthen the project’s community-based approach and improve overall governance.
Lastly, with the help of the DAO, which will be launched soon, the Shiba Inu ecosystem will step into a new level of decentralization, with LEASH holders being able to participate actively. The community looks forward to this major release, which should enhance token holders’ control and decentralization of the project. To date, the Shiba Inu team remains hard at work to gear up for this next phase in the life cycle of this popular meme coin.
Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.