- Shiba Inu’s lead developer introduces a self-governing system to fulfill Ryoshi’s vision.
- The implementation phase of Ryoshi’s vision requires a decentralized community structure.
- Shiba Inu’s governance has been divided into four DAOs, each representing a different ecosystem token.
Shiba Inu’s ecosystem token, BONE, is making waves in the crypto market, extending its rally by an impressive 124.06%% in the past 28 days, with a target to hit $2 as the launch of Shibarium nears. Amid the broader crypto market’s ranging state, BONE continues to make bullish strides, marking it as one of the highest-gaining mainstream assets.
Source:TradingView
This surge in BONE’s value is not an isolated event but part of a broader strategy outlined by Shiba Inu’s pseudonymous lead developer, Shytoshi Kusama. In a recent blog post titled “Shibarium: The Foundational Blog,” Kusama elucidated the team’s plan to fulfill the vision of Ryoshi, Shiba Inu’s pseudonymous founder.
Ryoshi’s vision is to use Shiba Inu to revolutionize the world, and the key to achieving this lies in the full decentralization of Shiba Inu and the establishment of a self-governing structure.
The Shiba Inu team has already completed the structural design phase and is now in the implementation stage. This final phase involves creating different structures to foster a decentralized community.
Kusama introduced a self-governing structure for Shiba Inu that includes Decentralized Autonomous Organizations (DAOs) and a Foundation. The DAOs will make decisions for Shiba Inu, and the Foundation will execute these decisions, aiming to give equal rights to all Shiba Inu community members through the DAO.
The governance of Shiba Inu has been divided into four DAOs, each representing a different Shiba Inu ecosystem token – SHIB, BONE, LEASH, and TREAT. These DAOs will govern different aspects of the system, with SHIB governing the community, BONE powering the community’s technology, LEASH offering community protection and exclusivity, and TREAT empowering the community’s projects.
This innovative approach to governance and community involvement sets Shiba Inu apart from other cryptocurrencies. As the crypto market continues to evolve, Shiba Inu’s unique approach positions it well to significantly impact the crypto market.
Looking ahead, the future of Shiba Inu in the crypto space appears promising. While market predictions should always be taken with a grain of caution, the current momentum indicates potential for further price appreciation.
As BONE continues its rally and the launch of Shibarium nears, the crypto community eagerly anticipates the fulfillment of Ryoshi’s vision and the continued growth of Shiba Inu.
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