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Sensational meme coin Shiba Inu has announced the launch of a Beta Version of the decentralized autonomous organization (DAO), allowing users to have more voting power on crypto projects and pairs on its token swap platform ShibaSwap.
In an article published yesterday, developers say they’re launching this initiative called Doggy DAO to “broadcast the capacity of community-oriented decisions, in ways that can accelerate the growth of Shiba Inu.”
The first phase of the initiative, DAO 1 will give investors the luxury of deciding how the $BONE rewards will be shared.
“This is a crucial first step, orienting our Decentralized Exchange to grow, while promoting all the benefits to the #ShibArmy from such pairs, and welcoming new investors to use the platform,” the blogpost read.
Henceforth, any project that wants to be part of Shiba Inu’s WOOF Pools must be voted for by the community, however, the final decision will be taken by “the guardians (6/9 wallet)” to avoid issues of big players “gaming the system”