.shibtoken developers have announced the first version of the Doggy DAO
, the DAO will prevent devs from exerting authority over certain areas, handing power to the community:Selecting liquidity pairs
The goal of DAO 1 is to make it possible for the community to decide which cryptocurrency pairs will be added to liquidity pools on the ShibaSwap decentralized exchange. In such a way, projects will be incentivized to be competitive, which will benefit the Shiba Inu ecosystem. The beta version is meant to gauge sentiment within the #ShibArmy and receive feedback before the rollout of a more complex version called DAO 2 that will allow making a wide range of proposals.
From now on, users will be able to vote on each individual pair by staking the BONE token and receiving tBONE tokens in order to gain voting rights. Users can pick a maximum of 30 pairs that will end up appearing in the liquidity pool for a period of two weeks. After that, the community will have to select a new pack of trading pairs:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu Whales Increase Their Average Holdings by 28%ICYMI: the average $SHIB balance on whale wallets reaches 2.6 billion tokens, increasing by 28% SHIB ShibaInu
Read more »
Shiba Inu Developers Teasing Big Surprise in Early 2022.QueenE_OCE shares some exclusive updates from Shiba Inu's development team during a recent AMA session $SHIB
Read more »
Shiba Inu Adds 100,000 New Holders Within Weeks of Reaching 1 Million MilestoneShiba Inu gains 100,000 fresh users just weeks after hitting the 1 million mark
Read more »
Shiba Inu Holds Largest Token Position as Uniswap Replaces MATIC as Most Traded Token by WhalesSHIB retains biggest token position, Uniswap flips MATIC as most traded token by whales SHIB SHIBARMY Shibainu Uniswap PolygonMatic
Read more »
Gas DAO Token Struggles to Maintain Momentum After AirdropFollowing the success of $SOS, yet another airdrop, $GAS, attracted $50 million in market capitalization in mere hours. Have airdrops already jumped the shark? Blockanalia reports
Read more »
Shiba Inu's 2022 Burn Roadmap Has Been Released: DetailsThe 2022 burn roadmap for Shiba Inu has been announced SHIB Shibainu SHIBARMY
Read more »