Shiba Inu developers announce the first phase of DOGGY DAO

The developers of Shiba Inu have announced via a post on their blog, DAO 1, a beta version of the autonomous decentralized organization Doggy. As the moderator explained, the DAO will prevent developers from exercising authority over certain areas, handing the power to the community. The goal of DAO 1 is to allow the community to decide which cryptocurrency pairs will be added to the liquidity pools on the ShibaSwap decentralized exchange. In doing so, projects will be incentivized to be competitive, which will benefit the Shiba Inu ecosystem. The beta version aims to assess the sentiment within the #ShibArmy and receive feedback before the launch of a more complex version called DAO 2 which will allow for a wide range of proposals. From now on, users will be able to vote on each individual pair by pointing the BONE token and receiving tBONE tokens to obtain voting rights. Holders will also be able to decide how much BONE liquidity suppliers will receive.

Users can choose up to 30 pairs that will end up appearing in the liquidity pool over a two week period. Next, the community will have to select a new trading pair package. Whales - i.e. the large holders of cryptocurrencies - remain a threat to decentralization in most crypto projects due to their immense influence. The Shiba Inu developers acknowledge the fact that the voting process could be skewed by the big holders, but they will introduce a mechanism in the coming days that is meant to make the system fairer. In order to lock in BONE tokens for a longer period of time, they will launch a new betting contract soon.


It will remain a marginal system. It is obvious that the BIGs of the sector will go ahead and make their own currency. here too they ignore the cryptographic crisis and the ability to reveal all encrypted information, not only with quantum computers but also with hacker attacks, as explained on this site and on the site