Shiba Inu marketing leader Lucie once again attracted the attention of crypto market enthusiasts with his announcement that the token ecosystem will experience a significant transformation in the coming period. In the statement made on Thursday, it was emphasized that the launch of the Shib Doggy DAO Foundation was imminent, which sparked global controversy. Meanwhile, while the SHIB price was trending lower, the overall charts pointed to a rally, triggering investor speculation.
Shib DAO Foundation
In an October 17 The introduction of the Shib Doggy DAO Foundation marks the next chapter for Shib State and lays the foundation for a fully decentralized and autonomous future.
Lucie – “The Shib Doggy DAO Foundation will legally frame the DAO to ensure that decisions made by the community are properly implemented.”
The upcoming DAO stands out as a governance system for the Shiba Inu coin where SHIB, BONE, LEASH and TREAT holders have the right to influence important decisions. This step allows token holders to vote on everything from community projects to technology advancements.
Increase in SHIB Burn Rate
As previously reported, SHIB’s recent gains are also related to the approximately 300 million coins in SHIB burn rate. This leads to a decrease in supply, strengthening the market dynamics of the meme token.
Shytoshi Kusama recently highlighted an important partnership for SHIB, further boosting market optimism for the asset. Overall, the coin paints a positive picture for long-term perspectives despite today’s decline.
With significant ecosystem development, the future performance of Shiba Inu coin is closely watched by investors and market watchers. These developments seem to play a critical role in strengthening the decentralized structure of the coin and creating a community-oriented governance system.
For investors, this transformation of the Shiba Inu coin’s ecosystem could increase its potential for long-term value growth. However, considering that market fluctuations may continue, it is important to make careful evaluation.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
