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Shiba Inu lets the community vote

Memecoin project Shiba Inu announces the launch of a DAO.

By Mike Hesp
• 1 min read
Shiba Inu lets the community vote

Memecoin project Shiba Inu announces the launch of a DAO. In it, each token holder will have voting rights.

Token holders receive at Shiba Inu more project-related participation rights. The team behind Memecoin announced at X the launch of a DAO (Decentralized Autonomous Organization).

Members can vote on project spending in the future, "regardless of the size of their stake," View post on X.

The DAO is divided into two parts: a Charity Council, focused on charitable projects, and a Culture & Heritage Council, from which funds flow into the ecosystem.

There is an emphasis on "integration into everyday transactions," which one has promoted "through collaborations with different sectors" in recent months.

The DAO is currently "not yet fully implemented." A date has not yet been named. Shiba Inu, 16th largest cryptocurrencies by market capitalization, is down nearly three percent on a daily basis. On a weekly basis, the SHIB price is up 11 percent.

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