Popular meme crypto project Shiba Inu (SHIB) is preparing to launch its own decentralized autonomous organization (DAO).
In a new blog post, Shiba Inu developers announced that they will release DOGGY DAO, SHIB’s new governance protocol, in two separate phases. The first phase, scheduled to begin in the coming days, will include various provisions for users to decide which cryptocurrency projects and trading pairs to include on SHIB’s decentralized exchange (DEX) ShibaSwap.
BONE is the management token of the ShibaSwap protocol. tBONE will be used for voting purposes within DOGGY DAO.
The second phase of the DAO will be a system that will allow users to submit general proposals for consideration. Shiba Inu at time of writing 0. 00003407 was trading at the dollar.