Shiba Inu launches beta of decentralized autonomous organization (DAO) to give users more power to make decisions about projects including trading pairs on the ShibaSwap platform
Shiba Inu will gradually launch Doggy Dao. The first phase, known as “DAO 1″, will run in the next few days.
DAO Phase 1 will focus on “empowering the community immediately to decide what projects and trading partners in ShibaSwap WOOF Pools will be. And how will the $BONE (Allocation Points) award be distributed to them?”
Dao will use $tBONE for voting rights, a new staking contract, to lock $BONE for a long time before voting starts.
Once the first phase is complete, Shiba Inu will release a new version using community feedback called “DAO 2” so that the community can make a general proposal for review or review by “Multisig-Team and Breeds”
Shiba Inu stated that in order to avoid whales that could take over the voting process, “guardians (6/9 wallets)” had to be the final judge on whether the trading pairs should be listed.
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