In a new lengthy blog post, pseudonymous developer Shytoshi Kusama is proposing an update to SHIB that would complete the vision the protocol’s anonymous creator, Ryoshi, had for the dog-themed meme asset.
“How can SHIB create a truly decentralized and enduring community that thrives in a branded governance, blockchain technology, economy, territory and entertainment environment? Enhanced with cyber resilience, [in real life] prowess, and infused with a vibrant, meme-inspired spirit designed for a billion people?
Complicated? Yes. So we’ve narrowed this down to a simple mission statement: How will SHIB save the world?”
In order to show investors Shiba Inu is more than just a meme, Shytoshi proposes the creation of the SHIB Doggy DAO (decentralized autonomous organization) Foundation, an entity that would carry out the decisions made by the official SHIB DAO and hold its assets.
“To ensure that the DAO gives all members of the SHIB community an equal voice, the governance of the entire system will be split into four, one for each core token in the Shiba Inu ecosystem.
Each is responsible for governing aspects of the system to ensure that it is persistent. This is not something that happens overnight and is expected to take quite some time to work out.”
Shytoshi then announces that in August, SHIB will be sponsoring the Blockchain Futurist Conference in Canada, where more information on TREAT, the token that governs and enhances community projects and Shibarium, the protocol’s highly anticipated layer-2 scaling solution, will be revealed.
“At this location, the completed Worldpaper will be exhibited, all Shib branded projects will be published and TREAT will be published in detail for the first time. In addition, it is very likely that we will also discuss and release the long-awaited layer-2 Shibarium.”
SHIB is trading for $0.000007 at time of writing, a 1.64% decrease during the last 24 hours.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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