The Shiba Inu (SHIB) digital currency community has just received good news. The official blog of the project development team Shiba Inu has just announced the launch of the first version of DOGGY DAO called DAO 1. As expected, DOGGY DAO will be released in a stage-by-stage metric and phased approach in 2022. A newer version, DAO 2, which will be available after DAO 1 will receive appropriate community feedback and observe the workflow.
What is DOGGY DAO?
DAO (Decentralized Autonomous Organization) is a common decentralized solution that allows the community to vote on decisions. DOGGY DAO is an autonomous decentralized organization run and controlled entirely by the SHIB community. It gives the SHIB community voting power and accountability for Shiba Inu governance.
The first phase or Beta version of DOGGY DAO will focus on community voting system. This will allow us to vote on the crypto pairs that will be added to the ShibaSwap DEX along with how points will be distributed between them.
DAO 2
Next comes the DAO 2 phase, where the community will get the power to make joint proposals. Something that will be reviewed by its Multisig-Team. This will be released after the developers have reviewed the sentiment and feedback for the beta phase from the community.
Along with the DAO, the Shiba Inu team also plans to release a layer 2 blockchain called Shibarium on the Ethereum platform that will feature the Bone token, in order to provide scalability to the network.