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Shiba Inu Developers Announces DOGGY DAO’s First Phase

In a recent blog article, Shiba Inu developers released DAO 1, a beta version of the Doggy decentralized autonomous organization.

The DAO would restrict devs from exercising authority over particular regions, ceding power to the community, as Shiba Inu’s Discord moderator noted during a recent AMA session:

“It deters us from the ability to exert authority and control over certain areas.”

The purpose of DAO 1 is to allow the community to determine which cryptocurrency pairs. That will be go in to the ShibaSwap decentralized exchange’s liquidity pools.

Projects will be competitive in a way, which will help the Shiba Inu environment.

The beta version is to gauge Shiba Inu community #ShibArmy opinion and get comments before the release of DAO 2. Which is, a more comprehensive version that will let users to make a wide range of recommendations.

Users will be able to vote on each individual pair starting today by staking (burying) the BONE token. Then, getting tBONE tokens in exchange for voting rights.

Holders will also have the option of determining how much BONE liquidity providers will.

Users can choose up to 30 pairs that will be included in the liquidity pool for a two-week period. The community will then have to choose a new set of trade pairs:

“It will continue, and the loop will once again begin.”

That’s it from Shiba Inu Developers

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